Brookfield Infrastructure Partners (NYSE:BIP) Price Target Raised to $45.00

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price objective lifted by analysts at Canadian Imperial Bank of Commerce from $44.00 to $45.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperformer” rating on the utilities provider’s stock. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 14.74% from the company’s current price.

Several other research firms have also recently weighed in on BIP. Royal Bank Of Canada increased their price target on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. TD Securities reissued a “buy” rating and issued a $57.00 price objective (up from $55.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Weiss Ratings downgraded shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. TD Cowen reaffirmed a “buy” rating on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

Brookfield Infrastructure Partners Stock Down 1.1%

NYSE BIP traded down $0.42 on Tuesday, hitting $39.22. The stock had a trading volume of 194,998 shares, compared to its average volume of 864,995. Brookfield Infrastructure Partners has a 52-week low of $29.63 and a 52-week high of $40.32. The business’s fifty day moving average price is $36.79 and its 200 day moving average price is $36.33. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.68 and a quick ratio of 0.64. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 59.42 and a beta of 1.03.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.62. The company had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $2.13 billion. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. During the same period in the previous year, the firm posted $0.82 earnings per share. Equities research analysts anticipate that Brookfield Infrastructure Partners will post 3.59 earnings per share for the current year.

Insider Activity at Brookfield Infrastructure Partners

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

Institutional Trading of Brookfield Infrastructure Partners

A number of institutional investors and hedge funds have recently modified their holdings of BIP. Wellington Grp LLC boosted its holdings in Brookfield Infrastructure Partners by 63.1% in the 1st quarter. Wellington Grp LLC now owns 15,867 shares of the utilities provider’s stock valued at $573,000 after purchasing an additional 6,140 shares during the period. Bank of America Corp DE lifted its position in Brookfield Infrastructure Partners by 1.4% during the 1st quarter. Bank of America Corp DE now owns 555,778 shares of the utilities provider’s stock valued at $20,075,000 after purchasing an additional 7,931 shares during the period. Sunbelt Securities Inc. acquired a new position in Brookfield Infrastructure Partners during the 1st quarter valued at about $69,000. Empire Financial Management Company LLC increased its stake in shares of Brookfield Infrastructure Partners by 4.8% in the 1st quarter. Empire Financial Management Company LLC now owns 42,743 shares of the utilities provider’s stock valued at $1,544,000 after acquiring an additional 1,951 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Brookfield Infrastructure Partners by 55.0% in the first quarter. The Manufacturers Life Insurance Company now owns 2,761,387 shares of the utilities provider’s stock valued at $99,572,000 after buying an additional 979,842 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

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.