Brookfield Infrastructure Partners (NYSE:BIP) Hits New 1-Year High – Time to Buy?

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $40.59 and last traded at $40.5150, with a volume of 162699 shares traded. The stock had previously closed at $39.57.

Wall Street Analyst Weigh In

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

Brookfield Infrastructure Partners Stock Up 1.3%

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 firm has a market capitalization of $18.56 billion, a PE ratio of 60.98 and a beta of 1.06. The company has a fifty day moving average price of $38.11 and a 200-day moving average price of $37.13.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.30 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the firm posted $0.82 earnings per share. As a group, analysts expect that Brookfield Infrastructure Partners LP will post 3.59 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were given a dividend of $0.455 per share. The ex-dividend date was Friday, May 29th. This represents a $1.82 annualized dividend and a yield of 4.5%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 275.76%.

Insider Activity at Brookfield Infrastructure Partners

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant acquired 1,150 shares of the company’s stock in a transaction on Friday, May 1st. The stock was acquired at an average cost of $48.10 per share, with a total value of $55,315.00. Following the purchase, the chief financial officer directly owned 2,150 shares of the company’s stock, valued at approximately $103,415. This represents a 115.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Allied Private Wealth LLC purchased a new position in Brookfield Infrastructure Partners in the second quarter worth about $37,000. Herbst Group LLC raised its position in Brookfield Infrastructure Partners by 20.8% during the second quarter. Herbst Group LLC now owns 71,740 shares of the utilities provider’s stock valued at $2,618,000 after purchasing an additional 12,370 shares during the period. Rathbones Group PLC raised its position in Brookfield Infrastructure Partners by 12.0% during the first quarter. Rathbones Group PLC now owns 107,194 shares of the utilities provider’s stock valued at $3,872,000 after purchasing an additional 11,471 shares during the period. Wellington Grp LLC lifted its stake in shares of Brookfield Infrastructure Partners by 63.1% in the 1st quarter. Wellington Grp LLC now owns 15,867 shares of the utilities provider’s stock valued at $573,000 after purchasing an additional 6,140 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Brookfield Infrastructure Partners by 1.4% in the 1st quarter. Bank of America Corp DE now owns 555,778 shares of the utilities provider’s stock valued at $20,075,000 after purchasing an additional 7,931 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

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.