Brookfield Infrastructure Partners (NYSE:BIP) Reaches New 52-Week High – Should You Buy?

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $39.07 and last traded at $38.90, with a volume of 1053894 shares trading hands. The stock had previously closed at $38.38.

Analysts Set New Price Targets

Several analysts recently issued reports on BIP shares. BMO Capital Markets restated an “outperform” rating and issued a $44.00 price target on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. National Bankshares increased their price target on shares of Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Wall Street Zen upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Scotiabank restated an “outperform” rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday, January 16th. Finally, TD Cowen reissued a “buy” rating on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.13.

Brookfield Infrastructure Partners Stock Performance

The stock has a fifty day simple moving average of $35.22 and a two-hundred day simple moving average of $33.68. The firm has a market capitalization of $17.94 billion, a P/E ratio of 43.22 and a beta of 1.12. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.08 and a quick ratio of 0.81.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, January 29th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.42). The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $1.98 billion. Brookfield Infrastructure Partners had a return on equity of 3.22% and a net margin of 4.40%.The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 earnings per share. On average, research analysts predict that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a $0.455 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.7%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 191.11%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Large investors have recently added to or reduced their stakes in the business. TD Asset Management Inc grew its holdings in Brookfield Infrastructure Partners by 3.8% during the fourth quarter. TD Asset Management Inc now owns 7,015,901 shares of the utilities provider’s stock worth $244,192,000 after buying an additional 259,074 shares in the last quarter. Cibc World Market Inc. raised its stake in shares of Brookfield Infrastructure Partners by 0.4% during the 4th quarter. Cibc World Market Inc. now owns 6,688,284 shares of the utilities provider’s stock worth $232,351,000 after purchasing an additional 24,650 shares during the period. CIBC Asset Management Inc boosted its stake in Brookfield Infrastructure Partners by 7.4% in the fourth quarter. CIBC Asset Management Inc now owns 8,559,336 shares of the utilities provider’s stock valued at $297,699,000 after acquiring an additional 589,915 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Brookfield Infrastructure Partners by 68.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,243,218 shares of the utilities provider’s stock valued at $112,669,000 after purchasing an additional 1,317,669 shares during the last quarter. Finally, One Capital Management LLC purchased a new position in shares of Brookfield Infrastructure Partners during the 4th quarter valued at $307,000. 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.