BIP FY2024 EPS Decreased by National Bank Financial

Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN - Stock analysts at National Bank Financial cut their FY2024 EPS estimates for shares of Brookfield Infrastructure Partners in a research note issued to investors on Wednesday, November 6th. National Bank Financial analyst P. Kenny now forecasts that the utilities provider will post earnings per share of $3.06 for the year, down from their prior forecast of $3.12. The consensus estimate for Brookfield Infrastructure Partners' current full-year earnings is $3.15 per share.

A number of other research firms also recently issued reports on BIP. Jefferies Financial Group lifted 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. StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Sunday, September 15th. Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a "strong-buy" rating in a research note on Friday, August 2nd. Finally, TD Securities boosted 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. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $40.20.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP traded up $0.07 on Friday, reaching $34.28. The company's stock had a trading volume of 258,435 shares, compared to its average volume of 432,540. The stock's 50 day simple moving average is $33.98 and its two-hundred day simple moving average is $31.16. Brookfield Infrastructure Partners has a 12-month low of $24.84 and a 12-month high of $36.50. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a market capitalization of $15.83 billion, a P/E ratio of -201.64 and a beta of 1.06.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 4.73%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure Partners's dividend payout ratio is -952.89%.

Institutional Trading of Brookfield Infrastructure Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in Brookfield Infrastructure Partners by 2.2% during the first quarter. Private Advisor Group LLC now owns 37,964 shares of the utilities provider's stock valued at $1,185,000 after acquiring an additional 830 shares during the last quarter. Tranquility Partners LLC increased its stake in Brookfield Infrastructure Partners by 1.6% in the 1st quarter. Tranquility Partners LLC now owns 68,361 shares of the utilities provider's stock worth $2,134,000 after acquiring an additional 1,093 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in shares of Brookfield Infrastructure Partners in the 1st quarter worth about $247,000. Texas Yale Capital Corp. grew its stake in shares of Brookfield Infrastructure Partners by 10.6% during the first quarter. Texas Yale Capital Corp. now owns 34,903 shares of the utilities provider's stock valued at $1,089,000 after buying an additional 3,335 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Brookfield Infrastructure Partners by 12.2% during the first quarter. Kingsview Wealth Management LLC now owns 7,294 shares of the utilities provider's stock worth $228,000 after purchasing an additional 795 shares during the period. 57.92% of the stock is owned by institutional investors.

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.