BIP FY2025 EPS Forecast Raised by National Bank Financial

Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN - Investment analysts at National Bank Financial lifted their FY2025 EPS estimates for Brookfield Infrastructure Partners in a research note issued to investors on Wednesday, November 6th. National Bank Financial analyst P. Kenny now expects that the utilities provider will post earnings of $3.25 per share for the year, up from their previous estimate of $3.20. The consensus estimate for Brookfield Infrastructure Partners' current full-year earnings is $3.11 per share.

Several other research firms also recently weighed in on BIP. Jefferies Financial Group upped their price objective on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a "buy" rating in a report on Monday, September 30th. StockNews.com downgraded shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a report on Friday. Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a "strong-buy" rating in a report on Friday, August 2nd. Finally, TD Securities boosted their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have given 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.20.

Brookfield Infrastructure Partners Price Performance

BIP stock traded up $0.53 during trading on Monday, hitting $34.82. The company had a trading volume of 456,661 shares, compared to its average volume of 432,650. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of -91.63 and a beta of 1.06. The business has a 50 day moving average of $33.98 and a 200 day moving average of $31.21. Brookfield Infrastructure Partners has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The company has a current ratio of 0.03, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of hedge funds have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC bought a new stake in Brookfield Infrastructure Partners during the third quarter worth approximately $26,000. Bank & Trust Co acquired a new position in shares of Brookfield Infrastructure Partners in the second quarter valued at $31,000. Clear Point Advisors Inc. acquired a new position in shares of Brookfield Infrastructure Partners in the first quarter valued at $33,000. Park Place Capital Corp acquired a new position in shares of Brookfield Infrastructure Partners in the second quarter valued at $41,000. Finally, Asset Dedication LLC acquired a new position in shares of Brookfield Infrastructure Partners in the second quarter valued at $46,000. Institutional investors and hedge funds own 57.92% of the company's stock.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.65%. Brookfield Infrastructure Partners's dividend payout ratio is -426.32%.

Brookfield Infrastructure Partners Company Profile

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.