Brookfield Infrastructure Partners LP (NYSE:BIP) Receives $42.13 Average PT from Brokerages

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has earned an average rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $42.1250.

Several research analysts have issued reports on the stock. Scotiabank restated an “outperform” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 16th. National Bank Financial lifted their target price 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. 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, January 28th. Finally, Wall Street Zen upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 8th.

Brookfield Infrastructure Partners Stock Performance

Shares of Brookfield Infrastructure Partners stock opened at $38.32 on Monday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.08 and a quick ratio of 0.81. The firm has a market capitalization of $17.67 billion, a P/E ratio of 42.58 and a beta of 1.12. Brookfield Infrastructure Partners has a fifty-two week low of $25.72 and a fifty-two week high of $39.85. The company’s 50 day moving average price is $35.60 and its two-hundred day moving average price is $33.98.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, January 29th. The utilities provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.42). Brookfield Infrastructure Partners had a return on equity of 3.22% and a net margin of 4.40%.The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts forecast that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, February 27th. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. This represents a $1.82 annualized dividend and a dividend yield of 4.7%. Brookfield Infrastructure Partners’s payout ratio is presently 191.11%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of hedge funds have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV increased its holdings in Brookfield Infrastructure Partners by 8.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,827 shares of the utilities provider’s stock worth $793,000 after purchasing an additional 1,746 shares in the last quarter. Braeburn Wealth Management LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at about $550,000. EP Wealth Advisors LLC purchased a new position in Brookfield Infrastructure Partners during the fourth quarter worth about $457,000. NewEdge Advisors LLC grew its position in Brookfield Infrastructure Partners by 4.8% in 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 in the last quarter. Finally, Investment Management Corp of Ontario grew its position in Brookfield Infrastructure Partners by 230.6% in the 4th quarter. Investment Management Corp of Ontario now owns 56,530 shares of the utilities provider’s stock worth $1,964,000 after purchasing an additional 39,430 shares in the last quarter. Institutional investors and hedge funds 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.