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

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $45.3333.

Several research firms have recently issued reports on BIP. Morgan Stanley reissued an “overweight” rating and set a $50.00 target price on shares of Brookfield Infrastructure Partners in a research note on Wednesday, August 12th. BMO Capital Markets raised their price target on Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Citigroup reiterated a “neutral” rating and issued a $41.00 price target (up from $37.00) on shares of Brookfield Infrastructure Partners in a report on Monday, August 3rd. Weiss Ratings raised shares of Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $47.00 price target (up from $45.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, July 31st.

Institutional Trading of Brookfield Infrastructure Partners

Hedge funds have recently made changes to their positions in the stock. Capital World Investors increased its position in Brookfield Infrastructure Partners by 0.3% during the 4th quarter. Capital World Investors now owns 31,104,057 shares of the utilities provider’s stock valued at $1,081,181,000 after buying an additional 86,068 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Brookfield Infrastructure Partners by 7.4% in the fourth quarter. CIBC Asset Management Inc now owns 8,559,336 shares of the utilities provider’s stock worth $297,699,000 after acquiring an additional 589,915 shares during the last quarter. Scotia Capital Inc. increased its holdings in shares of Brookfield Infrastructure Partners by 6.2% during the third quarter. Scotia Capital Inc. now owns 7,367,383 shares of the utilities provider’s stock valued at $241,967,000 after acquiring an additional 431,557 shares in the last quarter. TD Asset Management Inc raised its position in shares of Brookfield Infrastructure Partners by 3.8% in the 4th quarter. TD Asset Management Inc now owns 7,015,901 shares of the utilities provider’s stock worth $244,192,000 after purchasing an additional 259,074 shares during the last quarter. Finally, Cibc World Market Inc. raised its position in shares of Brookfield Infrastructure Partners by 0.4% in the 4th quarter. Cibc World Market Inc. now owns 6,688,284 shares of the utilities provider’s stock worth $232,351,000 after purchasing an additional 24,650 shares during the last quarter. 57.92% of the stock is owned by institutional investors.

Brookfield Infrastructure Partners Stock Up 0.4%

Shares of NYSE BIP opened at $37.28 on Friday. The firm’s fifty day moving average is $38.83 and its 200 day moving average is $37.93. Brookfield Infrastructure Partners has a 52 week low of $30.51 and a 52 week high of $44.03. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 1.83. The company has a market cap of $17.17 billion, a price-to-earnings ratio of 60.14 and a beta of 1.03.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.73. The firm had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Brookfield Infrastructure Partners had a net margin of 3.51% and a return on equity of 2.63%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 earnings per share. On average, equities research analysts expect that Brookfield Infrastructure Partners will post 3.66 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 Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.82 annualized dividend and a yield of 4.9%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 293.55%.

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.