National Bank Financial Issues Positive Forecast for Brookfield Infrastructure Partners (NYSE:BIP) Stock Price

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price objective upped by analysts at National Bank Financial from $38.00 to $43.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the utilities provider’s stock. National Bank Financial’s target price would indicate a potential upside of 9.95% from the company’s current price.

A number of other equities research analysts also recently issued reports on the company. Weiss Ratings downgraded Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Morgan Stanley boosted their price objective on Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a research note on Tuesday, May 26th. Eight equities 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, Brookfield Infrastructure Partners has an average rating of “Moderate Buy” and an average price target of $44.63.

Brookfield Infrastructure Partners Trading Up 0.2%

BIP stock traded up $0.07 during trading on Monday, reaching $39.11. 665,279 shares of the stock traded hands, compared to its average volume of 869,245. The business’s 50 day moving average price is $36.95 and its 200-day moving average price is $36.45. Brookfield Infrastructure Partners has a 52-week low of $29.63 and a 52-week high of $40.32. 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 firm has a market capitalization of $18.10 billion, a PE ratio of 59.37 and a beta of 1.05.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly 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. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.The firm had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. As a group, sell-side analysts forecast that Brookfield Infrastructure Partners will post 3.59 earnings per share for the current year.

Insider Activity at Brookfield Infrastructure Partners

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant bought 1,150 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $48.10 per share, with a total value of $55,315.00. Following the completion of the transaction, the chief financial officer owned 2,150 shares in the company, valued at $103,415. The trade was a 115.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of Brookfield Infrastructure Partners

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

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.