Analysts Set Brookfield Infrastructure Partners LP (NYSE:BIP) PT at $44.00

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $44.00.

Several analysts recently issued reports on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $45.00 price target (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Morgan Stanley increased their price target on Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings downgraded Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th.

Brookfield Infrastructure Partners Trading Up 0.0%

Shares of BIP opened at $39.04 on Wednesday. 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 firm has a market capitalization of $18.07 billion, a P/E ratio of 59.16 and a beta of 1.05. The stock’s fifty day simple moving average is $36.95 and its 200 day simple moving average is $36.45. Brookfield Infrastructure Partners has a twelve month low of $29.63 and a twelve month high of $40.32.

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

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, May 29th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 275.76%.

Insider Transactions at Brookfield Infrastructure Partners

In related news, CFO David Tyler Krant purchased 1,150 shares of the 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 approximately $103,415. This trade represents 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 the SEC website.

Institutional Trading of Brookfield Infrastructure Partners

Large investors have recently added to or reduced their stakes in the stock. JCIC Asset Management Inc. grew its stake in shares of Brookfield Infrastructure Partners by 6.6% during the fourth quarter. JCIC Asset Management Inc. now owns 5,589 shares of the utilities provider’s stock valued at $194,000 after acquiring an additional 345 shares in the last quarter. Clear Trail Advisors LLC grew its stake in shares of Brookfield Infrastructure Partners by 5.0% during the first quarter. Clear Trail Advisors LLC now owns 7,344 shares of the utilities provider’s stock valued at $265,000 after acquiring an additional 350 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Brookfield Infrastructure Partners by 1.6% during the third quarter. ProShare Advisors LLC now owns 25,357 shares of the utilities provider’s stock valued at $834,000 after acquiring an additional 390 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Brookfield Infrastructure Partners by 0.6% during the third quarter. PNC Financial Services Group Inc. now owns 67,771 shares of the utilities provider’s stock valued at $2,229,000 after acquiring an additional 400 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Brookfield Infrastructure Partners by 4.8% during the fourth quarter. NewEdge Advisors LLC now owns 8,758 shares of the utilities provider’s stock valued at $304,000 after acquiring an additional 400 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

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.