Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN - Research analysts at Raymond James reduced their FY2024 earnings per share estimates for Brookfield Infrastructure Partners in a report released on Thursday, November 7th. Raymond James analyst F. Bastien now expects that the utilities provider will post earnings of $3.07 per share for the year, down from their previous forecast of $3.15. The consensus estimate for Brookfield Infrastructure Partners' current full-year earnings is $3.15 per share. Raymond James also issued estimates for Brookfield Infrastructure Partners' Q4 2024 earnings at $0.77 EPS, Q1 2025 earnings at $0.87 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.85 EPS and FY2025 earnings at $3.40 EPS.
BIP has been the topic of a number of other research reports. Cibc World Mkts raised Brookfield Infrastructure Partners to a "strong-buy" rating in a report on Friday, August 2nd. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Sunday, September 15th. TD Securities increased their price target on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Jefferies Financial Group upped their price target on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners has an average rating of "Moderate Buy" and a consensus price target of $40.20.
Check Out Our Latest Report on BIP
Brookfield Infrastructure Partners Price Performance
NYSE BIP traded up $0.07 during trading on Friday, hitting $34.28. 258,435 shares of the company's stock were exchanged, compared to its average volume of 432,540. The stock's 50 day moving average price is $33.98 and its two-hundred day moving average price is $31.16. 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 market cap of $15.83 billion, a PE ratio of -201.64 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58.
Brookfield Infrastructure Partners Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 4.73%. Brookfield Infrastructure Partners's payout ratio is currently -952.89%.
Hedge Funds Weigh In On Brookfield Infrastructure Partners
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its holdings in Brookfield Infrastructure Partners by 1.0% during the second quarter. NBC Securities Inc. now owns 40,471 shares of the utilities provider's stock worth $1,110,000 after acquiring an additional 381 shares in the last quarter. Creative Planning increased its stake in shares of Brookfield Infrastructure Partners by 0.6% in the 3rd quarter. Creative Planning now owns 67,445 shares of the utilities provider's stock valued at $2,363,000 after purchasing an additional 389 shares during the last quarter. Callahan Advisors LLC boosted its stake in shares of Brookfield Infrastructure Partners by 2.1% during the second quarter. Callahan Advisors LLC now owns 22,129 shares of the utilities provider's stock valued at $607,000 after purchasing an additional 450 shares in the last quarter. Insight Folios Inc boosted its holdings in Brookfield Infrastructure Partners by 3.2% in the third quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider's stock valued at $587,000 after acquiring an additional 525 shares during the last quarter. Finally, Financial Advocates Investment Management lifted its stake in Brookfield Infrastructure Partners by 6.0% in the second quarter. Financial Advocates Investment Management now owns 10,389 shares of the utilities provider's stock valued at $285,000 after buying an additional 590 shares during the period. 57.92% of the stock is currently owned by institutional investors.
Brookfield Infrastructure Partners Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Brookfield Infrastructure Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield Infrastructure Partners wasn't on the list.
While Brookfield Infrastructure Partners currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
