Weekly Investment Analysts’ Ratings Changes for Brookfield Infrastructure Partners (BIP)

Brookfield Infrastructure Partners (NYSE: BIP) has recently received a number of price target changes and ratings updates:

  • 5/10/2022 – Brookfield Infrastructure Partners was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
  • 5/6/2022 – Brookfield Infrastructure Partners had its price target raised by analysts at National Bankshares, Inc. from $68.00 to $69.00. They now have an “outperform” rating on the stock.
  • 5/5/2022 – Brookfield Infrastructure Partners was given a new $70.00 price target on by analysts at Raymond James. They now have an “outperform” rating on the stock.
  • 5/5/2022 – Brookfield Infrastructure Partners had its price target raised by analysts at Royal Bank of Canada from $65.00 to $70.00. They now have an “outperform” rating on the stock.
  • 4/1/2022 – Brookfield Infrastructure Partners had its price target raised by analysts at TD Securities from $67.00 to $74.00. They now have a “buy” rating on the stock.
  • 3/31/2022 – Brookfield Infrastructure Partners had its price target raised by analysts at BMO Capital Markets from $66.00 to $71.00. They now have an “outperform” rating on the stock.
  • 3/31/2022 – Brookfield Infrastructure Partners is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Shares of BIP traded up $0.25 during mid-day trading on Wednesday, reaching $58.92. 7,472 shares of the company’s stock were exchanged, compared to its average volume of 285,897. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.08 and a quick ratio of 0.52. The stock has a market capitalization of $17.99 billion, a PE ratio of 40.63 and a beta of 0.79. The business’s fifty day simple moving average is $63.45 and its 200-day simple moving average is $60.53. Brookfield Infrastructure Partners L.P. has a 52-week low of $52.44 and a 52-week high of $69.01.

Shares of Brookfield Infrastructure Partners are set to split before the market opens on Monday, June 13th. The 3-2 split was announced on Wednesday, May 4th. The newly minted shares will be distributed to shareholders after the closing bell on Friday, June 10th.

Brookfield Infrastructure Partners (NYSE:BIPGet Rating) (TSE:BIP.UN) last announced its earnings results on Wednesday, May 4th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.93). The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Brookfield Infrastructure Partners had a return on equity of 3.40% and a net margin of 6.63%. The business’s revenue was up 27.1% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. Equities research analysts predict that Brookfield Infrastructure Partners L.P. will post 4.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Tuesday, May 31st will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, May 27th. This represents a $2.16 dividend on an annualized basis and a yield of 3.67%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 148.97%.

Several hedge funds and other institutional investors have recently modified their holdings of BIP. Prospera Financial Services Inc acquired a new position in shares of Brookfield Infrastructure Partners during the 1st quarter worth $25,000. Nauset Wealth Management. LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 1st quarter worth $28,000. IFS Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 4th quarter worth $27,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Brookfield Infrastructure Partners during the 4th quarter worth $28,000. Finally, Huntington National Bank acquired a new position in shares of Brookfield Infrastructure Partners during the 1st quarter worth $34,000. Institutional investors own 53.98% of the company’s stock.

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 61,000 kilometers (km) of operational electricity transmission and distribution lines; 5,300 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.3 million electricity and natural gas connections; and 360,000 long-term contracted sub-metering services.

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