Brookfield Infrastructure Partners (NYSE:BIP) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) from a hold rating to a sell rating in a research note published on Saturday morning.

Several other equities analysts also recently commented on the stock. Morgan Stanley reissued an “overweight” rating and set a $48.00 target price on shares of Brookfield Infrastructure Partners in a research report on Tuesday, July 21st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $45.00 price target (up from $44.00) on shares of Brookfield Infrastructure Partners in a research note on Tuesday, May 26th. National Bank Financial increased their price objective on Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Finally, Weiss Ratings lowered Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Eight 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.88.

Brookfield Infrastructure Partners Price Performance

NYSE BIP opened at $40.46 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $18.73 billion, a PE ratio of 61.30 and a beta of 1.06. Brookfield Infrastructure Partners has a 12-month low of $29.63 and a 12-month high of $41.65. The company has a 50 day moving average price of $38.30 and a two-hundred day moving average price of $37.30.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.28 by $0.62. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. The company had revenue of $6.30 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the business posted $0.82 EPS. As a group, equities analysts predict that Brookfield Infrastructure Partners will post 3.63 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were issued a $0.455 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.82 dividend on an annualized basis and a yield of 4.5%. Brookfield Infrastructure Partners’s dividend payout ratio is 275.76%.

Insider Transactions at Brookfield Infrastructure Partners

In related news, CFO David Tyler Krant acquired 1,150 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $48.10 per share, for a total transaction of $55,315.00. Following the acquisition, the chief financial officer owned 2,150 shares in the company, valued at $103,415. This trade represents a 115.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Several hedge funds have recently made changes to their positions in the stock. JCIC Asset Management Inc. increased its stake in Brookfield Infrastructure Partners by 6.6% during the fourth quarter. JCIC Asset Management Inc. now owns 5,589 shares of the utilities provider’s stock valued at $194,000 after acquiring an additional 345 shares during the period. Clear Trail Advisors LLC lifted its position in shares of Brookfield Infrastructure Partners by 5.0% in the 1st quarter. Clear Trail Advisors LLC now owns 7,344 shares of the utilities provider’s stock worth $265,000 after acquiring an additional 350 shares during the period. NewEdge Advisors LLC lifted its position in shares of 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 acquiring an additional 400 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Brookfield Infrastructure Partners by 0.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock worth $1,494,000 after purchasing an additional 400 shares in the last quarter. Finally, Empire Financial Management Company LLC grew its holdings in shares of Brookfield Infrastructure Partners by 1.0% during the 4th quarter. Empire Financial Management Company LLC now owns 40,792 shares of the utilities provider’s stock worth $1,417,000 after purchasing an additional 403 shares in the last quarter. Institutional investors 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.