Brookfield Infrastructure Partners (NYSE:BIP) Downgraded to Sell Rating by Wall Street Zen

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other equities research analysts also recently commented on the company. Weiss Ratings downgraded Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce restated 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. National Bank Financial upped their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $48.00 target price on shares of Brookfield Infrastructure Partners in a report on Tuesday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Brookfield Infrastructure Partners currently has a consensus rating of “Moderate Buy” and an average target price of $44.88.

Brookfield Infrastructure Partners Trading Down 0.2%

Shares of NYSE:BIP opened at $40.96 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. The stock has a market capitalization of $18.96 billion, a price-to-earnings ratio of 62.06 and a beta of 1.06. Brookfield Infrastructure Partners has a 1-year low of $29.63 and a 1-year high of $41.65. The company has a 50 day moving average price of $38.26 and a 200 day moving average price of $37.24.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.62. The company had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.During the same quarter in the prior year, the company earned $0.82 earnings per share. On average, research analysts anticipate that Brookfield Infrastructure Partners will post 3.63 EPS for the current fiscal year.

Insider Activity at Brookfield Infrastructure Partners

In other news, CFO David Tyler Krant purchased 1,150 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $48.10 per share, with a total value of $55,315.00. Following the purchase, the chief financial officer owned 2,150 shares in the company, valued at $103,415. This represents a 115.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of Brookfield Infrastructure Partners

Several large investors have recently added to or reduced their stakes in the business. State of Wisconsin Investment Board increased its stake in shares of Brookfield Infrastructure Partners by 212.4% during the 4th quarter. State of Wisconsin Investment Board now owns 2,592,339 shares of the utilities provider’s stock worth $90,058,000 after purchasing an additional 1,762,436 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Brookfield Infrastructure Partners by 68.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,243,218 shares of the utilities provider’s stock worth $112,669,000 after purchasing an additional 1,317,669 shares in the last quarter. Morgan Stanley boosted its holdings in Brookfield Infrastructure Partners by 61.4% in the fourth quarter. Morgan Stanley now owns 3,343,528 shares of the utilities provider’s stock worth $116,154,000 after purchasing an additional 1,271,823 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Brookfield Infrastructure Partners by 55.0% during the first quarter. The Manufacturers Life Insurance Company now owns 2,761,387 shares of the utilities provider’s stock worth $99,572,000 after buying an additional 979,842 shares during the last quarter. Finally, Lincluden Management Ltd. acquired a new position in Brookfield Infrastructure Partners during the fourth quarter worth $22,343,000. 57.92% of the stock is owned by 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.