Brookfield Infrastructure Partners LP (NYSE:BIP) Stock Has Consensus Target Price of $45.33 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Brookfield Infrastructure Partners, with eight buy ratings and three holds. The average 12-month price target is $45.33, above the stock’s reported $34.81 price.
• The company exceeded quarterly expectations, reporting $0.89 EPS versus the $0.16 consensus and $6.48 billion in revenue, up 19.4% year over year.
• Brookfield declared a quarterly dividend of $0.455 per share, or $1.82 annually, representing a 5.2% yield; institutional investors own approximately 57.9% of the stock.

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) TSE: BIP.UN have been given an average recommendation of "Moderate Buy" by the eleven analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $45.33.

Several equities research analysts recently weighed in on the company. Morgan Stanley restated an "overweight" rating and set a $50.00 target price on shares of Brookfield Infrastructure Partners in a report on Wednesday, August 12th. Weiss Ratings upgraded Brookfield Infrastructure Partners from a "hold (c-)" rating to a "hold (c+)" rating in a research report on Wednesday, August 5th. Wall Street Zen lowered Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th. National Bank Financial raised their target price on shares of Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Citigroup reaffirmed a "neutral" rating and issued a $41.00 target price (up from $37.00) on shares of Brookfield Infrastructure Partners in a research note on Monday, August 3rd.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 5.2% during the second quarter. QRG Capital Management Inc. now owns 8,721 shares of the utilities provider's stock worth $318,000 after purchasing an additional 433 shares during the period. Wellington Grp LLC increased its holdings in Brookfield Infrastructure Partners by 55.8% during the 2nd quarter. Wellington Grp LLC now owns 24,714 shares of the utilities provider's stock valued at $902,000 after purchasing an additional 8,847 shares during the period. Ameritas Advisory Services LLC purchased a new position in Brookfield Infrastructure Partners during the 2nd quarter valued at about $426,000. HB Wealth Management LLC bought a new position in Brookfield Infrastructure Partners during the 2nd quarter valued at approximately $345,000. Finally, Addenda Capital Inc. raised its position in Brookfield Infrastructure Partners by 0.7% during the 2nd quarter. Addenda Capital Inc. now owns 777,392 shares of the utilities provider's stock valued at $28,367,000 after purchasing an additional 5,534 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners stock opened at $34.81 on Tuesday. The firm has a fifty day simple moving average of $38.24 and a two-hundred day simple moving average of $37.64. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 1.83. Brookfield Infrastructure Partners has a twelve month low of $32.74 and a twelve month high of $44.03. The company has a market capitalization of $16.03 billion, a PE ratio of 56.14 and a beta of 1.03.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.89 earnings per share (EPS) 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 firm had revenue of $6.48 billion for the quarter, compared to analysts' expectations of $2.23 billion. During the same period last year, the firm earned $0.81 earnings per share. The company's revenue for the quarter was up 19.4% compared to the same quarter last year. Research analysts expect that Brookfield Infrastructure Partners will post 3.66 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a $0.4550 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is 293.55%.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. 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 assets that generate long-term, stable cash flows.

Its operations span several infrastructure sectors, including utilities, transportation, midstream energy, and data infrastructure. These businesses include electricity and natural gas transmission and distribution networks, railroads, toll roads, ports, pipelines, natural gas processing and storage facilities, telecommunications towers, and data centers.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.