Brokerages Set Brookfield Infrastructure Partners LP (NYSE:BIP) PT at $44.62

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has earned an average recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $44.6250.

Several research analysts have recently commented on BIP shares. Morgan Stanley increased their price target on shares of Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a research note 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 stock an “outperform” rating in a 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 Stock Up 0.3%

Shares of Brookfield Infrastructure Partners stock opened at $39.28 on Thursday. The firm has a market cap of $18.18 billion, a price-to-earnings ratio of 59.52 and a beta of 1.06. The stock has a 50-day simple moving average of $38.05 and a 200-day simple moving average of $37.05. Brookfield Infrastructure Partners has a 52-week low of $29.63 and a 52-week high of $40.32. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.68 and a quick ratio of 0.64.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.62. The firm had revenue of $6.30 billion for the quarter, compared to analyst estimates of $2.13 billion. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. During the same quarter last year, the firm earned $0.82 earnings per share. On average, equities research analysts expect that Brookfield Infrastructure Partners will post 3.59 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.6%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 275.76%.

Insider Buying and Selling at Brookfield Infrastructure Partners

In related news, CFO David Tyler Krant bought 1,150 shares of Brookfield Infrastructure Partners stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $48.10 per share, for a total transaction of $55,315.00. Following the acquisition, the chief financial officer owned 2,150 shares in the company, valued at $103,415. This trade represents a 115.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of institutional investors have recently modified their holdings of the company. State of Wisconsin Investment Board boosted 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 acquiring an additional 1,762,436 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Brookfield Infrastructure Partners by 68.4% during the 4th 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 last quarter. Morgan Stanley lifted its position in shares of Brookfield Infrastructure Partners by 61.4% during the 4th 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 during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Brookfield Infrastructure Partners by 55.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,761,387 shares of the utilities provider’s stock valued at $99,572,000 after purchasing an additional 979,842 shares during the period. Finally, Lincluden Management Ltd. bought a new stake in Brookfield Infrastructure Partners during the 4th quarter valued at approximately $22,343,000. 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.