BIP FY2024 EPS Lifted by National Bank Financial

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Analysts at National Bank Financial upped their FY2024 EPS estimates for shares of Brookfield Infrastructure Partners in a research note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the utilities provider will post earnings per share of $3.10 for the year, up from their prior forecast of $3.06. The consensus estimate for Brookfield Infrastructure Partners’ current full-year earnings is $3.07 per share. National Bank Financial also issued estimates for Brookfield Infrastructure Partners’ FY2026 earnings at $3.70 EPS and FY2027 earnings at $3.88 EPS.

A number of other analysts have also weighed in on the stock. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Jefferies Financial Group raised their price objective on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, TD Securities raised their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $40.20.

Brookfield Infrastructure Partners Stock Down 3.6 %

NYSE:BIP opened at $31.57 on Thursday. The firm has a market cap of $14.58 billion, a P/E ratio of -83.08 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. Brookfield Infrastructure Partners has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The firm has a 50-day simple moving average of $33.51 and a two-hundred day simple moving average of $32.55.

Brookfield Infrastructure Partners Announces Dividend

The business 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 of this dividend was Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.13%. Brookfield Infrastructure Partners’s dividend payout ratio is presently -426.32%.

Institutional Trading of Brookfield Infrastructure Partners

A number of large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in shares of Brookfield Infrastructure Partners by 2.7% in the third quarter. Principal Financial Group Inc. now owns 23,809,423 shares of the utilities provider’s stock worth $834,282,000 after acquiring an additional 616,373 shares during the period. The Manufacturers Life Insurance Company grew its position 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 during the period. CCLA Investment Management grew its position in Brookfield Infrastructure Partners by 35.0% during the second quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider’s stock valued at $119,180,000 after buying an additional 1,125,964 shares during the period. Select Equity Group L.P. grew its position 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 during the period. Finally, Toronto Dominion Bank grew its position in Brookfield Infrastructure Partners by 24.6% during the third quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider’s stock valued at $140,273,000 after buying an additional 790,078 shares during the period. 57.92% of the stock is currently owned by institutional investors.

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.