Brookfield Infrastructure Partners LP (NYSE:BIP) Receives $42.13 Average Target Price from Analysts
by Mitch Edgeman · The Markets DailyShares of Brookfield Infrastructure Partners LP (NYSE:BIP – Get Free Report) (TSE:BIP.UN) have earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $42.1250.
BIP has been the subject of a number of recent research reports. TD Cowen restated a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Morgan Stanley upgraded Brookfield Infrastructure Partners from an “equal weight” rating to an “overweight” rating and set a $45.00 price target for the company in a research note on Monday, March 23rd. Royal Bank Of Canada raised their price target on Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. BMO Capital Markets restated an “outperform” rating and issued a $44.00 price target on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Finally, National Bank Financial raised their price target on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th.
Get Our Latest Stock Analysis on Brookfield Infrastructure Partners
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Acumen Wealth Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its stake in Brookfield Infrastructure Partners by 225.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 975 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 675 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $42,000. Westfuller Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at about $44,000. Finally, Assetmark Inc. lifted its stake in Brookfield Infrastructure Partners by 544.1% in the 4th quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 1,061 shares during the last quarter. 57.92% of the stock is currently owned by institutional investors.
Brookfield Infrastructure Partners Price Performance
Shares of NYSE BIP opened at $36.62 on Tuesday. The company has a fifty day moving average price of $37.45 and a 200 day moving average price of $35.59. Brookfield Infrastructure Partners has a 1-year low of $26.55 and a 1-year high of $40.32. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 1.66. The firm has a market cap of $16.95 billion, a PE ratio of 40.69 and a beta of 1.11.
Brookfield Infrastructure Partners (NYSE:BIP – Get Free Report) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, January 29th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates 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 company earned $0.78 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Research analysts predict that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.
Brookfield Infrastructure Partners Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were paid a $0.455 dividend. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. This represents a $1.82 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Friday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio is 202.22%.
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.