Brookfield Infrastructure Partners LP (NYSE:BIP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have been given an average rating of “Moderate Buy” by the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $44.6250.

A number of research analysts have commented on the company. Morgan Stanley increased their target price on Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $45.00 target price (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Weiss Ratings downgraded Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, National Bank Financial increased their target price on Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, June 1st.

Brookfield Infrastructure Partners Trading Down 0.5%

Shares of BIP opened at $36.38 on Friday. The company has a market capitalization of $16.84 billion, a P/E ratio of 55.12 and a beta of 1.05. Brookfield Infrastructure Partners has a one year low of $29.63 and a one year high of $40.32. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.64 and a current ratio of 0.68. The stock has a 50-day moving average price of $37.67 and a 200 day moving average price of $36.77.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.62. The firm had revenue of $6.30 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.82 earnings per share. Sell-side analysts forecast that Brookfield Infrastructure Partners will post 3.59 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 275.76%.

Insider Buying and Selling

In other news, CFO David Tyler Krant bought 1,150 shares of Brookfield Infrastructure Partners stock in a transaction on Friday, May 1st. The shares were bought at an average price of $48.10 per share, with a total value of $55,315.00. Following the acquisition, the chief financial officer directly owned 2,150 shares in the company, valued at approximately $103,415. This represents a 115.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. JCIC Asset Management Inc. raised its position in shares of Brookfield Infrastructure Partners by 6.6% during the 4th quarter. JCIC Asset Management Inc. now owns 5,589 shares of the utilities provider’s stock worth $194,000 after purchasing an additional 345 shares during the period. Clear Trail Advisors LLC raised its position in shares of Brookfield Infrastructure Partners by 5.0% during the 1st quarter. Clear Trail Advisors LLC now owns 7,344 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 350 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 67,771 shares of the utilities provider’s stock worth $2,229,000 after purchasing an additional 400 shares during the period. NewEdge Advisors LLC raised its position in shares of Brookfield Infrastructure Partners by 4.8% during the 4th quarter. NewEdge Advisors LLC now owns 8,758 shares of the utilities provider’s stock worth $304,000 after purchasing an additional 400 shares during the period. Finally, Public Sector Pension Investment Board raised its position in shares of Brookfield Infrastructure Partners by 0.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock worth $1,494,000 after purchasing an additional 400 shares during the period. 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.