Brookfield Infrastructure Partners LP (NYSE:BIP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $42.1250.

BIP has been the topic of a number of recent research reports. TD Cowen restated a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Scotiabank restated an “outperform” rating and issued a $44.00 target price on shares of Brookfield Infrastructure Partners in a research note on Friday, January 16th. TD Securities restated a “buy” rating and issued a $57.00 target price (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Weiss Ratings raised Brookfield Infrastructure Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 18th. Finally, Royal Bank Of Canada boosted their price target on Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP opened at $36.15 on Tuesday. The business’s 50-day moving average price is $37.41 and its two-hundred day moving average price is $35.54. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.78 and a quick ratio of 0.75. Brookfield Infrastructure Partners has a one year low of $25.72 and a one year high of $40.32. The company has a market capitalization of $16.73 billion, a P/E ratio of 40.17 and a beta of 1.11.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, January 29th. The utilities provider reported $0.45 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 firm had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts anticipate that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were given a $0.455 dividend. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. This represents a $1.82 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, February 27th. Brookfield Infrastructure Partners’s payout ratio is presently 202.22%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Large investors have recently made changes to their positions in the business. Acumen Wealth Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC raised its holdings in Brookfield Infrastructure Partners by 225.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 975 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 675 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the 4th quarter valued at approximately $42,000. Westfuller Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $44,000. Finally, Assetmark Inc. raised its holdings in Brookfield Infrastructure Partners by 544.1% in the 4th quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 1,061 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

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.