Brookfield Infrastructure Partners (NYSE:BIP) Price Target Raised to $46.00

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price objective boosted by Raymond James from $44.00 to $46.00 in a research note released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a strong-buy rating on the utilities provider’s stock. Raymond James also issued estimates for Brookfield Infrastructure Partners’ Q1 2025 earnings at $0.85 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.85 EPS, Q4 2025 earnings at $0.86 EPS, Q1 2026 earnings at $0.94 EPS, Q2 2026 earnings at $0.90 EPS, Q3 2026 earnings at $0.92 EPS, Q4 2026 earnings at $0.93 EPS and FY2026 earnings at $3.70 EPS.

A number of other research analysts also recently commented on BIP. TD Securities upped their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group upped their price objective on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $40.60.

Brookfield Infrastructure Partners Stock Performance

BIP stock opened at $33.60 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The firm has a market cap of $15.59 billion, a P/E ratio of -88.41 and a beta of 1.07. Brookfield Infrastructure Partners has a 12-month low of $24.84 and a 12-month high of $36.50. The stock’s 50 day simple moving average is $32.99 and its 200 day simple moving average is $32.80.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a $0.405 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 4.82%. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BIP. Envestnet Asset Management Inc. grew its stake in shares of Brookfield Infrastructure Partners by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 73,734 shares of the utilities provider’s stock worth $2,023,000 after purchasing an additional 1,612 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Brookfield Infrastructure Partners by 4.1% during the second quarter. Public Sector Pension Investment Board now owns 43,600 shares of the utilities provider’s stock valued at $1,197,000 after buying an additional 1,700 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Brookfield Infrastructure Partners by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 6,147,654 shares of the utilities provider’s stock valued at $168,680,000 after buying an additional 257,587 shares in the last quarter. Select Equity Group L.P. boosted its stake in Brookfield Infrastructure Partners by 29.6% during the second quarter. Select Equity Group L.P. now owns 4,202,842 shares of the utilities provider’s stock valued at $115,326,000 after buying an additional 960,120 shares in the last quarter. Finally, Creative Planning boosted its stake in Brookfield Infrastructure Partners by 9.9% during the second quarter. Creative Planning now owns 67,056 shares of the utilities provider’s stock valued at $1,840,000 after buying an additional 6,024 shares in the last quarter. Institutional investors own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.