BIP FY2024 EPS Estimate Boosted by National Bank Financial

Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN - Stock analysts at National Bank Financial increased their FY2024 EPS estimates for Brookfield Infrastructure Partners in a research report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the utilities provider will earn $3.10 per share for the year, up from their previous estimate 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.

BIP has been the subject of a number of other research reports. Jefferies Financial Group raised their price objective on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, November 16th. Finally, TD Securities upped their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.20.

Brookfield Infrastructure Partners Stock Down 0.2 %

BIP traded down $0.06 during trading on Thursday, hitting $32.65. The stock had a trading volume of 367,589 shares, compared to its average volume of 349,438. The stock has a 50 day simple moving average of $33.54 and a two-hundred day simple moving average of $32.55. 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 twelve month low of $24.84 and a twelve month high of $36.50. The company has a market capitalization of $15.08 billion, a PE ratio of -85.92 and a beta of 1.07.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 4.96%. The ex-dividend date was Friday, November 29th. Brookfield Infrastructure Partners's payout ratio is -426.32%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of large investors have recently bought and sold shares of BIP. Creative Planning lifted its stake in Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. Creative Planning now owns 67,445 shares of the utilities provider's stock valued at $2,363,000 after acquiring an additional 389 shares during the period. Insight Folios Inc lifted its position in Brookfield Infrastructure Partners by 3.2% during the third quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider's stock valued at $587,000 after purchasing an additional 525 shares during the period. EP Wealth Advisors LLC lifted its position in Brookfield Infrastructure Partners by 3.4% during the second quarter. EP Wealth Advisors LLC now owns 18,068 shares of the utilities provider's stock valued at $496,000 after purchasing an additional 591 shares during the period. Cedar Mountain Advisors LLC purchased a new stake in Brookfield Infrastructure Partners in the third quarter valued at $26,000. Finally, Tacita Capital Inc grew its position in Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. Tacita Capital Inc now owns 147,208 shares of the utilities provider's stock worth $5,173,000 after purchasing an additional 837 shares during the period. Hedge funds and other 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.