Brookfield Infrastructure Partners LP (NYSE:BIP) Stock Has Consensus Price Target of $45.33 According to Brokerages

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $45.33.

BIP has been the topic of a number of recent research reports. Citigroup restated a “neutral” rating and set a $41.00 price objective (up from $37.00) on shares of Brookfield Infrastructure Partners in a research report on Monday, August 3rd. Wall Street Zen cut Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Weiss Ratings raised Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. BMO Capital Markets increased their price target on Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, National Bank Financial increased their price target on Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, July 31st.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. raised its holdings in shares of Brookfield Infrastructure Partners by 5.2% in the second quarter. QRG Capital Management Inc. now owns 8,721 shares of the utilities provider’s stock worth $318,000 after buying an additional 433 shares during the period. Wellington Grp LLC boosted its holdings in Brookfield Infrastructure Partners by 55.8% during the 2nd quarter. Wellington Grp LLC now owns 24,714 shares of the utilities provider’s stock valued at $902,000 after acquiring an additional 8,847 shares during the period. Ameritas Advisory Services LLC bought a new position in Brookfield Infrastructure Partners in the 2nd quarter valued at $426,000. HB Wealth Management LLC bought a new position in Brookfield Infrastructure Partners in the 2nd quarter valued at $345,000. Finally, Addenda Capital Inc. grew its position in Brookfield Infrastructure Partners by 0.7% in the 2nd quarter. Addenda Capital Inc. now owns 777,392 shares of the utilities provider’s stock valued at $28,367,000 after acquiring an additional 5,534 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners stock opened at $36.18 on Tuesday. The company’s 50-day moving average price is $37.79 and its 200-day moving average price is $37.57. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 1.83. The company has a market cap of $16.66 billion, a PE ratio of 58.35 and a beta of 1.06. Brookfield Infrastructure Partners has a twelve month low of $33.21 and a twelve month high of $44.03.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.73. The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $2.23 billion. Brookfield Infrastructure Partners had a net margin of 3.51% and a return on equity of 2.63%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 EPS. On average, equities research analysts forecast that Brookfield Infrastructure Partners will post 3.66 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st were given a dividend of $0.4550 per share. The ex-dividend date was Monday, August 31st. This represents a $1.82 dividend on an annualized basis and a yield of 5.0%. Brookfield Infrastructure Partners’s payout ratio is 293.55%.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. is a global owner and operator of essential infrastructure assets. The partnership’s portfolio includes businesses in utilities, transport, midstream energy, and data infrastructure, with assets that support the movement of people, goods, energy, and data.

Its utilities operations include electricity transmission and distribution, natural gas distribution, and water and wastewater systems. The transport business encompasses assets such as toll roads, rail, ports, and other transportation infrastructure.