Brookfield Infrastructure Partners LP (NYSE:BIP) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a positive outlook: Brookfield Infrastructure Partners has a “Moderate Buy” consensus rating, with eight buys and three holds among 11 analysts. The average 12-month price target is $45.33, above the reported $36.83 share price.
• Recent results exceeded expectations: The company reported quarterly EPS of $0.89 versus the $0.16 consensus estimate, while revenue rose 19.4% year over year to $6.48 billion.
• Investors receive a sizable dividend: Brookfield Infrastructure Partners declared a quarterly dividend of $0.455 per share, equal to $1.82 annually and a 4.9% yield, though its payout ratio is high at 293.55%.

Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) TSE: BIP.UN has received an average rating of "Moderate Buy" from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $45.3333.

A number of research analysts recently issued reports on BIP shares. BMO Capital Markets boosted their price objective 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. Canadian Imperial Bank of Commerce restated an "outperform" rating and set a $47.00 target price (up from $45.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, July 31st. Citigroup reaffirmed a "neutral" rating and set a $41.00 price target (up from $37.00) on shares of Brookfield Infrastructure Partners in a report on Monday, August 3rd. Morgan Stanley reiterated an "overweight" rating and issued a $50.00 price target on shares of Brookfield Infrastructure Partners in a research report on Wednesday, August 12th. 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, August 5th.

Brookfield Infrastructure Partners Price Performance

Shares of Brookfield Infrastructure Partners stock opened at $36.83 on Friday. Brookfield Infrastructure Partners has a one year low of $30.09 and a one year high of $44.03. The stock's fifty day moving average is $38.79 and its 200 day moving average is $37.96. The stock has a market cap of $16.96 billion, a P/E ratio of 59.40 and a beta of 1.03. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.89.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $2.23 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. Brookfield Infrastructure Partners's revenue for the quarter was up 19.4% on a year-over-year basis. Sell-side analysts anticipate that Brookfield Infrastructure Partners will post 3.66 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be paid a dividend of $0.455 per share. The ex-dividend date is Monday, August 31st. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.9%. Brookfield Infrastructure Partners's payout ratio is 293.55%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Institutional investors have recently bought and sold shares of the business. Wellington Grp LLC raised its holdings in Brookfield Infrastructure Partners by 55.8% during the second 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 shares of Brookfield Infrastructure Partners in the second quarter worth about $426,000. HB Wealth Management LLC bought a new position in shares of Brookfield Infrastructure Partners in the second quarter worth about $345,000. Addenda Capital Inc. grew its position in shares of Brookfield Infrastructure Partners by 0.7% during the second quarter. Addenda Capital Inc. now owns 777,392 shares of the utilities provider's stock worth $28,367,000 after purchasing an additional 5,534 shares in the last quarter. Finally, Ninepoint Partners LP purchased a new stake in shares of Brookfield Infrastructure Partners during the second quarter worth about $2,452,000. Hedge funds and other institutional investors own 57.92% of the company's stock.

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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