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 rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $41.25.

BIP has been the subject of a number of recent analyst reports. Morgan Stanley set a $44.00 target price on Brookfield Infrastructure Partners in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield Infrastructure Partners in a research note on Monday, December 15th. National Bank Financial raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Jefferies Financial Group set a $37.00 target price on shares of Brookfield Infrastructure Partners and gave the company a “hold” rating in a report on Wednesday, October 29th. Finally, Wall Street Zen upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP opened at $35.13 on Friday. The firm has a 50-day moving average price of $35.01 and a two-hundred day moving average price of $33.14. Brookfield Infrastructure Partners has a 12-month low of $25.72 and a 12-month high of $36.58. The company has a market capitalization of $16.20 billion, a P/E ratio of 52.43 and a beta of 1.09. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.68.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.42). The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $2.05 billion. Brookfield Infrastructure Partners had a net margin of 3.70% and a return on equity of 2.74%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Analysts anticipate that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, November 28th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, November 28th. Brookfield Infrastructure Partners’s payout ratio is currently 256.72%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Several hedge funds and other institutional investors have recently modified their holdings of BIP. Westfuller Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth $44,000. City Holding Co. acquired a new position in Brookfield Infrastructure Partners during the third quarter worth about $59,000. Caldwell Trust Co bought a new position in shares of Brookfield Infrastructure Partners in the second quarter worth about $66,000. AdvisorNet Financial Inc boosted its stake in shares of Brookfield Infrastructure Partners by 17.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 325 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Brookfield Infrastructure Partners by 110.2% in the 3rd quarter. US Bancorp DE now owns 2,245 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 1,177 shares in the last quarter. 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.