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

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $41.25.

Several brokerages recently weighed in on BIP. National Bankshares boosted their price objective on shares of Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Jefferies Financial Group set a $37.00 target price on Brookfield Infrastructure Partners and gave the stock a “hold” rating in a report on Wednesday, October 29th. Morgan Stanley set a $44.00 price target on Brookfield Infrastructure Partners in a research report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research report on Monday. Finally, Wall Street Zen raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Westfuller Advisors LLC acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth about $44,000. City Holding Co. bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at about $59,000. Caldwell Trust Co bought a new stake in shares of Brookfield Infrastructure Partners during the 2nd quarter valued at about $66,000. AdvisorNet Financial Inc grew its stake in Brookfield Infrastructure Partners by 17.7% during the third quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 325 shares during the period. Finally, US Bancorp DE increased its holdings in Brookfield Infrastructure Partners by 110.2% in the third quarter. US Bancorp DE now owns 2,245 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 1,177 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $34.75 on Friday. The stock’s 50-day moving average is $35.03 and its 200-day moving average is $33.17. Brookfield Infrastructure Partners has a 1-year low of $25.72 and a 1-year high of $36.58. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.68. The stock has a market cap of $16.03 billion, a P/E ratio of 51.87 and a beta of 1.10.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Friday, November 7th. The utilities provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.42). Brookfield Infrastructure Partners had a return on equity of 2.74% and a net margin of 3.70%.The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Equities research analysts anticipate that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were given a $0.43 dividend. The ex-dividend date was Friday, November 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.9%. Brookfield Infrastructure Partners’s payout ratio is 256.72%.

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.