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

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the company, 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 1-year target price among analysts that have covered the stock in the last year is $44.6250.

A number of brokerages have issued reports on BIP. Weiss Ratings lowered shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce reissued 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. Morgan Stanley upped their target price 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. Finally, National Bank Financial increased their target price 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.

Insider Buying and Selling at Brookfield Infrastructure Partners

In related news, CFO David Tyler Krant acquired 1,150 shares of Brookfield Infrastructure Partners stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $48.10 per share, for a total transaction of $55,315.00. Following the completion of the purchase, the chief financial officer owned 2,150 shares in the company, valued at approximately $103,415. The trade was a 115.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Large investors have recently bought and sold shares of the stock. Capital World Investors boosted its stake in shares of Brookfield Infrastructure Partners by 0.3% in 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 during the period. CIBC Asset Management Inc raised its holdings in 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 valued at $297,699,000 after acquiring an additional 589,915 shares in the last quarter. Scotia Capital Inc. raised its holdings in Brookfield Infrastructure Partners by 6.2% in 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 lifted its stake in Brookfield Infrastructure Partners by 3.8% in the fourth quarter. TD Asset Management Inc now owns 7,015,901 shares of the utilities provider’s stock worth $244,192,000 after acquiring an additional 259,074 shares during the last quarter. Finally, Cibc World Market Inc. lifted its stake in Brookfield Infrastructure Partners by 0.4% in the fourth quarter. Cibc World Market Inc. now owns 6,688,284 shares of the utilities provider’s stock worth $232,351,000 after acquiring an additional 24,650 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Down 0.1%

Shares of NYSE BIP opened at $39.24 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $18.16 billion, a PE ratio of 59.45 and a beta of 1.06. Brookfield Infrastructure Partners has a twelve month low of $29.63 and a twelve month high of $40.32. The stock has a fifty day simple moving average of $38.08 and a 200-day simple moving average of $37.09.

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

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.