Brookfield Infrastructure Partners LP (BIP) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is moderately bullish: Eight of 11 analysts rate Brookfield Infrastructure Partners a buy, while three recommend holding the stock. The average 12-month price target is $44.78 versus a recent price of $37.01.
• Institutional ownership remains substantial: Institutional investors own 57.92% of the company, with several major firms increasing their positions, including Bank of Nova Scotia and Manufacturers Life Insurance.
• Recent financial results were strong, but valuation and payout metrics warrant attention: Quarterly earnings and revenue exceeded estimates, with revenue up 19.4% year over year. The partnership pays a 4.9% dividend yield, although its reported payout ratio is elevated at 293.55%.

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) TSE: BIP.UN have earned an average recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $44.78.

BIP has been the subject of several recent analyst reports. Citigroup reaffirmed a "neutral" rating and set a $41.00 target price (up from $37.00) on shares of Brookfield Infrastructure Partners in a research note on Monday, August 3rd. BMO Capital Markets boosted their price target on Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Morgan Stanley cut their price target on Brookfield Infrastructure Partners from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Tuesday, October 13th. Canadian Imperial Bank of Commerce set a $44.00 price objective on shares of Brookfield Infrastructure Partners and gave the stock an "outperformer" rating in a research report on Thursday. Finally, National Bank Financial lifted their price objective on shares of Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Friday, July 31st.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Nova Scotia boosted its position in shares of Brookfield Infrastructure Partners by 28.0% during the 1st quarter. Bank of Nova Scotia now owns 2,812,022 shares of the utilities provider's stock worth $101,409,000 after purchasing an additional 614,531 shares in the last quarter. The Manufacturers Life Insurance Company grew 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 buying an additional 979,842 shares during the period. TD Waterhouse Canada Inc. acquired a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at about $76,976,000. Addenda Capital Inc. increased 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 buying an additional 5,534 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Brookfield Infrastructure Partners by 1.4% in the 1st quarter. Bank of America Corp DE now owns 555,778 shares of the utilities provider's stock valued at $20,075,000 after buying an additional 7,931 shares in the last quarter. 57.92% of the stock is owned by institutional investors.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $37.01 on Friday. The stock has a market cap of $16.94 billion, a P/E ratio of 59.70 and a beta of 1.06. 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's 50-day moving average is $36.88 and its 200-day moving average is $37.67. Brookfield Infrastructure Partners has a 1-year low of $33.21 and a 1-year high of $44.03.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.73. Brookfield Infrastructure Partners had a return on equity of 2.63% and a net margin of 3.51%. The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the business posted $0.81 earnings per share. Brookfield Infrastructure Partners's quarterly revenue was up 19.4% on a year-over-year basis. Equities research analysts anticipate that Brookfield Infrastructure Partners will post 3.63 earnings per share for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, August 31st were paid a dividend of $0.4550 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.82 annualized dividend and a yield of 4.9%. Brookfield Infrastructure Partners's dividend payout ratio is currently 293.55%.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. NYSE: BIP is a global owner and operator of essential infrastructure assets. The partnership invests in and manages businesses that provide critical services to communities and industries, with a focus on long-term, durable cash flows and assets that are difficult to replicate.

Its operations span several infrastructure sectors, including utilities, transportation, midstream energy, and data infrastructure. The portfolio includes regulated and contracted businesses such as electricity and natural gas transmission and distribution systems, rail and port operations, natural gas pipelines and processing facilities, fiber-optic networks, data centers, and other communications infrastructure.

Brookfield Infrastructure serves customers across North America, South America, Europe, and the Asia-Pacific region.

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