Brookfield Infrastructure Partners LP (NYSE:BIP) Given Average Rating of “Moderate Buy” by Analysts

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has received an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $42.1250.

BIP has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a report on Monday, December 29th. TD Cowen restated a “buy” rating on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Royal Bank Of Canada lifted their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $44.00 target price on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Finally, Morgan Stanley set a $45.00 target price on shares of Brookfield Infrastructure Partners in a research report on Wednesday, January 28th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Brookfield Infrastructure Partners by 10.1% in the 3rd quarter. Principal Financial Group Inc. now owns 31,975,602 shares of the utilities provider’s stock worth $1,051,678,000 after acquiring an additional 2,933,287 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in Brookfield Infrastructure Partners by 212.4% during the fourth quarter. State of Wisconsin Investment Board now owns 2,592,339 shares of the utilities provider’s stock valued at $90,058,000 after purchasing an additional 1,762,436 shares during the last quarter. Picton Mahoney Asset Management bought a new position in Brookfield Infrastructure Partners during the second quarter worth about $46,203,000. Goldman Sachs Group Inc. boosted its position in Brookfield Infrastructure Partners by 68.4% during 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 during the period. Finally, Morgan Stanley increased its stake in shares of 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. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Performance

Shares of Brookfield Infrastructure Partners stock opened at $37.86 on Friday. The business’s fifty day simple moving average is $36.84 and its 200 day simple moving average is $34.87. The company has a current ratio of 0.08, a quick ratio of 0.81 and a debt-to-equity ratio of 1.68. Brookfield Infrastructure Partners has a 12 month low of $25.72 and a 12 month high of $40.32. The firm has a market capitalization of $17.46 billion, a P/E ratio of 42.07 and a beta of 1.10.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Thursday, January 29th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.42). Brookfield Infrastructure Partners had a net margin of 4.40% and a return on equity of 3.22%. The business had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts anticipate that Brookfield Infrastructure Partners will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 4.8%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 202.22%.

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.