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

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $44.6250.

Several research firms have commented on BIP. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $45.00 price target (up from $44.00) on shares of Brookfield Infrastructure Partners in a research report on Tuesday, May 26th. Morgan Stanley lifted their price target on Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. National Bank Financial lifted their price target on Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Finally, Weiss Ratings lowered Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $37.57 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.64 and a current ratio of 0.68. Brookfield Infrastructure Partners has a fifty-two week low of $29.63 and a fifty-two week high of $40.32. The firm has a market capitalization of $17.39 billion, a PE ratio of 56.92 and a beta of 1.05. The stock’s 50-day simple moving average is $37.69 and its 200-day simple moving average is $36.74.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued 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. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the company earned $0.82 EPS. As a group, equities research analysts forecast that Brookfield Infrastructure Partners will post 3.59 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.8%. Brookfield Infrastructure Partners’s payout ratio is presently 275.76%.

Insider Activity

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant purchased 1,150 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of $48.10 per share, for a total transaction of $55,315.00. Following the completion of the purchase, the chief financial officer directly owned 2,150 shares in the company, valued at $103,415. This represents a 115.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Brookfield Infrastructure Partners

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Brookfield Infrastructure Partners by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 505,183 shares of the utilities provider’s stock worth $16,615,000 after buying an additional 178,534 shares during the period. Bank of Montreal Can boosted its position in shares of Brookfield Infrastructure Partners by 3.4% in the third quarter. Bank of Montreal Can now owns 28,289,627 shares of the utilities provider’s stock worth $930,446,000 after buying an additional 926,167 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Brookfield Infrastructure Partners by 62.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,989,756 shares of the utilities provider’s stock worth $65,550,000 after buying an additional 761,992 shares during the period. Picton Mahoney Asset Management boosted its position in shares of Brookfield Infrastructure Partners by 27.7% in the third quarter. Picton Mahoney Asset Management now owns 1,768,734 shares of the utilities provider’s stock worth $58,275,000 after buying an additional 384,072 shares during the period. Finally, TD Asset Management Inc boosted its position in shares of Brookfield Infrastructure Partners by 2.2% in the third quarter. TD Asset Management Inc now owns 6,756,827 shares of the utilities provider’s stock worth $222,701,000 after buying an additional 143,380 shares during the period. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Company Profile

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.