Brookfield Infrastructure Partners LP (NYSE:BIP) Receives $45.11 Consensus Target Price from Brokerages

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $45.3333.

Several equities analysts have recently commented on BIP shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $47.00 target price (up from $45.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, July 31st. National Bank Financial boosted their target price on shares of Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Weiss Ratings raised Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. BMO Capital Markets increased their price objective on shares of Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Wall Street Zen downgraded Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of institutional investors and hedge funds have recently made changes to their positions in BIP. Ninepoint Partners LP acquired a new position in shares of Brookfield Infrastructure Partners during the second quarter valued at about $2,452,000. Trust Co. of Vermont bought a new position in Brookfield Infrastructure Partners in the 2nd quarter valued at $36,000. Clearstead Trust LLC bought a new position in Brookfield Infrastructure Partners during the second quarter valued at about $865,000. Allied Private Wealth LLC bought a new position in shares of Brookfield Infrastructure Partners during the 2nd quarter valued at approximately $37,000. Finally, Herbst Group LLC increased its position in Brookfield Infrastructure Partners by 20.8% in the second quarter. Herbst Group LLC now owns 71,740 shares of the utilities provider’s stock worth $2,618,000 after buying an additional 12,370 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Up 0.2%

Shares of BIP stock opened at $39.45 on Monday. Brookfield Infrastructure Partners has a 1 year low of $29.63 and a 1 year high of $44.03. The firm has a market capitalization of $18.17 billion, a P/E ratio of 63.63 and a beta of 1.05. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. The firm’s fifty day moving average price is $38.58 and its two-hundred day moving average price is $37.80.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be issued a $0.455 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.82 annualized dividend and a yield of 4.6%. Brookfield Infrastructure Partners’s payout ratio is presently 293.55%.

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.