Brookfield Infrastructure Partners LP (NYSE:BIP) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Brookfield Infrastructure Partners has an average “Moderate Buy” rating from 11 brokerages, with eight buys and three holds. Analysts’ average 12-month price target is $45.11, above the stock’s reported $39.12 price.
• Recent analyst actions were mixed: CIBC and Morgan Stanley maintained positive ratings with targets of $47 and $48, while Citigroup kept a neutral rating despite raising its target to $41; Wall Street Zen downgraded the stock to “sell.”
• The company declared a quarterly dividend of $0.455 per share, or $1.82 annualized, representing a 4.7% yield. Institutional investors own approximately 57.92% of the stock.

Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) TSE: BIP.UN has been assigned an average rating of "Moderate Buy" from the eleven brokerages that are 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 12-month price objective among brokerages that have issued a report on the stock in the last year is $45.1111.

A number of equities research analysts recently commented on BIP shares. Canadian Imperial Bank of Commerce restated an "outperform" rating and set a $47.00 price target (up from $45.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, July 31st. Weiss Ratings upgraded Brookfield Infrastructure Partners from a "hold (c-)" rating to a "hold (c+)" rating in a research report on Wednesday. Morgan Stanley reissued an "overweight" rating and issued a $48.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Tuesday, July 21st. Citigroup restated a "neutral" rating and set a $41.00 target price (up from $37.00) on shares of Brookfield Infrastructure Partners in a report on Monday, August 3rd. Finally, Wall Street Zen lowered Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $39.12 on Monday. Brookfield Infrastructure Partners has a 1 year low of $29.63 and a 1 year high of $44.03. The firm has a 50 day moving average of $38.57 and a 200-day moving average of $37.70. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $18.02 billion, a P/E ratio of 63.10 and a beta of 1.05.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.82 dividend on an annualized basis and a yield of 4.7%. Brookfield Infrastructure Partners's dividend payout ratio is currently 293.55%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont bought a new position in shares of Brookfield Infrastructure Partners in the second quarter worth about $36,000. Clearstead Trust LLC bought a new stake in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $865,000. Allied Private Wealth LLC bought a new stake in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $37,000. Herbst Group LLC increased its holdings in shares of Brookfield Infrastructure Partners by 20.8% in the second quarter. Herbst Group LLC now owns 71,740 shares of the utilities provider's stock valued at $2,618,000 after purchasing an additional 12,370 shares in the last quarter. Finally, Rathbones Group PLC raised its position in Brookfield Infrastructure Partners by 12.0% in the 1st quarter. Rathbones Group PLC now owns 107,194 shares of the utilities provider's stock worth $3,872,000 after purchasing an additional 11,471 shares during the last quarter. 57.92% of the stock is owned by institutional investors.

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.

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