Brookfield Infrastructure Partners LP (NYSE:BIP) Receives $41.63 Consensus PT from Analysts

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $41.75.

BIP has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research report on Monday, December 29th. Morgan Stanley set a $45.00 price target on shares of Brookfield Infrastructure Partners in a report on Wednesday. Scotiabank reissued an “outperform” rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 16th. Wall Street Zen upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, National Bankshares raised their target price on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in Brookfield Infrastructure Partners by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,802,475 shares of the utilities provider’s stock worth $53,696,000 after purchasing an additional 195,276 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Brookfield Infrastructure Partners by 8.5% during the first quarter. Focus Partners Wealth now owns 24,734 shares of the utilities provider’s stock worth $737,000 after buying an additional 1,931 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Brookfield Infrastructure Partners by 6.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 22,449 shares of the utilities provider’s stock worth $765,000 after buying an additional 1,347 shares in the last quarter. Diversified Trust Co bought a new position in shares of Brookfield Infrastructure Partners in the 2nd quarter valued at $226,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Brookfield Infrastructure Partners by 248.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,807 shares of the utilities provider’s stock valued at $262,000 after acquiring an additional 5,564 shares in the last quarter. 57.92% of the stock is owned by institutional investors.

Brookfield Infrastructure Partners Stock Down 0.2%

NYSE BIP opened at $35.31 on Thursday. 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 company has a market cap of $16.28 billion, a price-to-earnings ratio of 52.70 and a beta of 1.10. The company has a 50 day moving average of $34.94 and a 200-day moving average of $33.36. Brookfield Infrastructure Partners has a 1-year low of $25.72 and a 1-year high of $36.58.

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

Brookfield Infrastructure Partners Dividend Announcement

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

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.