Shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) TSE: BIP.UN crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $38.57 and traded as high as $39.63. Brookfield Infrastructure Partners shares last traded at $39.1220, with a volume of 552,307 shares.
Analyst Ratings Changes
Several equities analysts recently weighed in on BIP shares. BMO Capital Markets increased their target price on Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Morgan Stanley reiterated an "overweight" rating and set a $48.00 price objective on shares of Brookfield Infrastructure Partners in a report on Tuesday, July 21st. Wall Street Zen lowered shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Citigroup reaffirmed a "neutral" rating and set a $41.00 price target (up from $37.00) on shares of Brookfield Infrastructure Partners in a research note on Monday. Finally, Weiss Ratings raised shares of Brookfield Infrastructure Partners from a "hold (c-)" rating to a "hold (c+)" rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Brookfield Infrastructure Partners has a consensus rating of "Moderate Buy" and a consensus target price of $45.11.
View Our Latest Analysis on BIP
Brookfield Infrastructure Partners Trading Up 0.5%
The company has a quick ratio of 0.64, a current ratio of 0.89 and a debt-to-equity ratio of 1.83. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 63.10 and a beta of 1.05. The business has a 50 day moving average price of $38.57 and a 200-day moving average price of $37.68.
Brookfield Infrastructure Partners Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Infrastructure Partners's payout ratio is presently 293.55%.
Institutional Investors Weigh In On Brookfield Infrastructure Partners
A number of large investors have recently added to or reduced their stakes in the company. State of Wisconsin Investment Board raised its holdings in Brookfield Infrastructure Partners by 212.4% in the fourth quarter. State of Wisconsin Investment Board now owns 2,592,339 shares of the utilities provider's stock valued at $90,058,000 after acquiring an additional 1,762,436 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Brookfield Infrastructure Partners by 68.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,243,218 shares of the utilities provider's stock worth $112,669,000 after acquiring an additional 1,317,669 shares in the last quarter. Morgan Stanley increased its position in shares of Brookfield Infrastructure Partners by 61.4% in the 4th quarter. Morgan Stanley now owns 3,343,528 shares of the utilities provider's stock worth $116,154,000 after purchasing an additional 1,271,823 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Brookfield Infrastructure Partners by 55.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,761,387 shares of the utilities provider's stock valued at $99,572,000 after purchasing an additional 979,842 shares in the last quarter. Finally, Lincluden Management Ltd. bought a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth about $22,343,000. 57.92% of the stock is owned by institutional investors and hedge funds.
About Brookfield Infrastructure Partners
(
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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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