Brookfield Infrastructure Partners LP (NYSE:BIP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $44.6250.

BIP has been the subject of a number of research reports. Morgan Stanley raised their target price on Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Weiss Ratings downgraded shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, National Bank Financial upped their target price on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st.

Brookfield Infrastructure Partners Stock Up 1.7%

NYSE BIP opened at $38.78 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74. The stock’s 50 day moving average is $37.95 and its two-hundred day moving average is $37.00. The company has a market capitalization of $17.95 billion, a price-to-earnings ratio of 58.76 and a beta of 1.06. Brookfield Infrastructure Partners has a 1-year low of $29.63 and a 1-year high of $40.32.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.62. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $2.13 billion. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. During the same quarter in the prior year, the firm earned $0.82 EPS. Equities analysts forecast that Brookfield Infrastructure Partners will post 3.59 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were given a dividend of $0.455 per share. The ex-dividend date was Friday, May 29th. This represents a $1.82 dividend on an annualized basis and a yield of 4.7%. Brookfield Infrastructure Partners’s dividend payout ratio is presently 275.76%.

Insider Transactions at Brookfield Infrastructure Partners

In related news, CFO David Tyler Krant purchased 1,150 shares of Brookfield Infrastructure Partners stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $48.10 per share, for a total transaction of $55,315.00. Following the transaction, the chief financial officer directly owned 2,150 shares of the company’s stock, valued at approximately $103,415. This trade represents a 115.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Large investors have recently made changes to their positions in the stock. JCIC Asset Management Inc. lifted its stake in Brookfield Infrastructure Partners by 6.6% in the fourth quarter. JCIC Asset Management Inc. now owns 5,589 shares of the utilities provider’s stock valued at $194,000 after purchasing an additional 345 shares during the last quarter. Clear Trail Advisors LLC increased its position in Brookfield Infrastructure Partners by 5.0% in the first quarter. Clear Trail Advisors LLC now owns 7,344 shares of the utilities provider’s stock worth $265,000 after buying an additional 350 shares during the last quarter. Public Sector Pension Investment Board increased its position in Brookfield Infrastructure Partners by 0.9% in the second quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock worth $1,494,000 after buying an additional 400 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Brookfield Infrastructure Partners by 4.8% in the fourth quarter. NewEdge Advisors LLC now owns 8,758 shares of the utilities provider’s stock valued at $304,000 after buying an additional 400 shares during the period. Finally, Empire Financial Management Company LLC raised its stake in shares of Brookfield Infrastructure Partners by 1.0% in the fourth quarter. Empire Financial Management Company LLC now owns 40,792 shares of the utilities provider’s stock valued at $1,417,000 after buying an additional 403 shares during the period. Institutional investors own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.