National Bank Financial Issues Positive Forecast for Brookfield Infrastructure Partners (NYSE:BIP) Stock Price

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price target upped by investment analysts at National Bank Financial from $38.00 to $43.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. National Bank Financial’s target price points to a potential upside of 9.95% from the stock’s previous close.

Several other equities analysts also recently weighed in on BIP. Morgan Stanley raised their price objective on Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a research note on Tuesday, May 26th. Finally, Weiss Ratings downgraded Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.63.

Brookfield Infrastructure Partners Price Performance

Shares of BIP traded up $0.07 during mid-day trading on Monday, hitting $39.11. The company’s stock had a trading volume of 665,279 shares, compared to its average volume of 869,245. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74. The firm has a 50-day simple moving average of $36.95 and a 200 day simple moving average of $36.45. The firm has a market capitalization of $18.10 billion, a P/E ratio of 59.37 and a beta of 1.05. Brookfield Infrastructure Partners has a 1-year low of $29.63 and a 1-year high of $40.32.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.28 by $0.62. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.The business had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the firm earned $0.82 EPS. Analysts predict that Brookfield Infrastructure Partners will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO David Tyler Krant purchased 1,150 shares of the company’s stock in a transaction on Friday, May 1st. The stock was bought at an average price of $48.10 per share, with a total value of $55,315.00. Following the completion of the transaction, the chief financial officer owned 2,150 shares of the company’s stock, valued at approximately $103,415. This represents a 115.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors grew its position in shares of Brookfield Infrastructure Partners by 0.3% in the fourth quarter. Capital World Investors now owns 31,104,057 shares of the utilities provider’s stock valued at $1,081,181,000 after purchasing an additional 86,068 shares during the period. Bank of Montreal Can grew its position in shares of Brookfield Infrastructure Partners by 3.4% in the third quarter. Bank of Montreal Can now owns 28,289,627 shares of the utilities provider’s stock valued at $930,446,000 after purchasing an additional 926,167 shares during the period. CIBC Asset Management Inc grew its position in shares of 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 purchasing an additional 589,915 shares during the period. Scotia Capital Inc. grew its position in shares of Brookfield Infrastructure Partners by 6.2% in the third quarter. Scotia Capital Inc. now owns 7,367,383 shares of the utilities provider’s stock valued at $241,967,000 after purchasing an additional 431,557 shares during the period. Finally, TD Asset Management Inc boosted its holdings in Brookfield Infrastructure Partners by 3.8% in the fourth quarter. TD Asset Management Inc now owns 7,015,901 shares of the utilities provider’s stock valued at $244,192,000 after acquiring an additional 259,074 shares during the last quarter. 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.