Brookfield Infrastructure Partners (NYSE:BIP) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Brookfield Infrastructure Partners (NYSE:BIPFree Report) (TSE:BIP.UN) from a hold rating to a sell rating in a research report released on Saturday.

Several other research analysts have also recently commented on BIP. Weiss Ratings cut shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. National Bank Financial boosted their price target on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Morgan Stanley reissued an “overweight” rating and set a $48.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.88.

View Our Latest Analysis on BIP

Brookfield Infrastructure Partners Trading Down 0.2%

NYSE BIP opened at $40.96 on Friday. Brookfield Infrastructure Partners has a 52 week low of $29.63 and a 52 week high of $41.65. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.64 and a current ratio of 0.68. The stock’s 50 day moving average price is $38.26 and its two-hundred day moving average price is $37.24. The stock has a market capitalization of $18.96 billion, a price-to-earnings ratio of 62.06 and a beta of 1.06.

Brookfield Infrastructure Partners (NYSE:BIPGet Free Report) (TSE:BIP.UN) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.62. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. The company had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business earned $0.82 EPS. As a group, analysts anticipate that Brookfield Infrastructure Partners will post 3.63 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were paid a $0.455 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.82 annualized dividend and a dividend yield of 4.4%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 275.76%.

Insiders Place Their Bets

In other news, CFO David Tyler Krant bought 1,150 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $48.10 per share, for a total transaction of $55,315.00. Following the completion of the acquisition, the chief financial officer owned 2,150 shares in the company, valued at approximately $103,415. This represents a 115.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BIP. Acumen Wealth Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its stake in Brookfield Infrastructure Partners by 225.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 975 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 675 shares during the last quarter. Allied Private Wealth LLC bought a new position in Brookfield Infrastructure Partners during the second quarter worth about $37,000. Laurel Wealth Advisors LLC bought a new position in Brookfield Infrastructure Partners during the fourth quarter worth about $42,000. Finally, Assetmark Inc. grew its holdings in Brookfield Infrastructure Partners by 544.1% during the fourth quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 1,061 shares during the period. Institutional investors own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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