#6 - Brookfield Infrastructure Partners (NYSE:BIP)
Another utility company that makes this list is Brookfield Infrastructure Partners (NYSE:BIP). The company operates a collection of traditional infrastructure assets on five continents. However, the company does not have exposure to either Russia or Ukraine. The company’s largest segment is transport, but it also has utility, midstream, and data assets.
The company has a business model in which it actively seeks out high quality assets to purchase. Then it improves and enhances those assets before selling its more mature assets to continue the cycle.
The company has averaged dividend growth of approximately 5.5% for the last two years. And it will pay out about 52% of this year’s earnings which makes the dividend very sustainable. The recent pullback in BIP stock allows investors to take advantage of an approximate 13% upside from the stock’s level as of this writing.
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.
Read More - Current Price
- $31.36
- Consensus Rating
- Buy
- Ratings Breakdown
- 5 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $40.20 (28.2% Upside)
