Brookfield Infrastructure Partners (BIP) Stock Price, News & Analysis

Company Overview

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. This segment also offers heating, cooling, and energy solutions; gas distribution; water heaters; and heating, ventilation, and air conditioner rental, as well as other home services. Its Transport segment offers transportation, storage, and handling services for merchandise goods, commodities, and passengers through a network of approximately 22,000 km of track; 5,500 km of track network; 9,800 km of rail; and 3,300 km of motorways. The company's Midstream segment offers natural gas transmission, gathering and processing, and storage services through approximately 15,000 km of natural gas transmission pipelines; 570 billion cubic feet of natural gas storage; 17 natural gas processing plants; and 10,600 km of gas gathering pipelines, as well as 525,000 tonnes polypropylene production capacity. Its Data segment operates approximately 228,000 operational telecom towers; approximately 54,000 kilometers of fiber optic cables; approximately 1 million fiber-to-the-premise connections; two semiconductor manufacturing facilities; and 70 distributed antenna systems, as well as 135 data centers and 750 megawatts of critical load capacity and an additional approximate 670 megawatts of contracted capacity. The company was incorporated in 2007 and is based in Hamilton, Bermuda. Brookfield Infrastructure Partners L.P. operates as a subsidiary of Brookfield Corporation.

Key Stats

• Today's Range: $34.76 to $35.47
• 50-Day Range: $33.50 to $36.42
• 52-Week Range: $24.84 to $36.50
• Volume: 221,800 shs
• Average Volume: 425,644 shs
• Market Capitalization: $16.15 billion
• P/E Ratio: N/A
• Dividend Yield: 4.63%
• Price Target: $40.20
• Consensus Rating: Buy

Brookfield Infrastructure Partners Stock Analysis - MarketRank™

Brookfield Infrastructure Partners scored higher than 83% of companies evaluated by MarketBeat, and ranked 257th out of 941 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Brookfield Infrastructure Partners has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Brookfield Infrastructure Partners has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 8.79%

Earnings Growth

Earnings for Brookfield Infrastructure Partners are expected to grow by 8.79% in the coming year, from $3.07 to $3.34 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Brookfield Infrastructure Partners is -92.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Brookfield Infrastructure Partners is -92.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Brookfield Infrastructure Partners has a P/B Ratio of 0.56. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

0.36% of the outstanding shares of Brookfield Infrastructure Partners have been sold short.

Short Interest Ratio / Days to Cover

Brookfield Infrastructure Partners has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Brookfield Infrastructure Partners has recently increased by 0.60%, indicating that investor sentiment is decreasing.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

Brookfield Infrastructure Partners is a leading dividend payer. It pays a dividend yield of 4.58%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Brookfield Infrastructure Partners has been increasing its dividend for 17 years.

Dividend Sustainability

Based on earnings estimates, Brookfield Infrastructure Partners will have a dividend payout ratio of 48.50% next year. This indicates that Brookfield Infrastructure Partners will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.6 / 5
• Environmental Score: -4.62

Percentage of Shares Shorted

0.36% of the outstanding shares of Brookfield Infrastructure Partners have been sold short.

Short Interest Ratio / Days to Cover

Brookfield Infrastructure Partners has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Brookfield Infrastructure Partners has recently increased by 0.60%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.73

News Sentiment

Brookfield Infrastructure Partners has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Brookfield Infrastructure Partners this week, compared to 5 articles on an average week.

Search Interest

Only 15 people have searched for BIP on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Brookfield Infrastructure Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Brookfield Infrastructure Partners insiders have not sold or bought any company stock.

Percentage Held by Institutions

57.92% of the stock of Brookfield Infrastructure Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BIP Stock Analysis - Frequently Asked Questions

How have BIP shares performed this year?

Brookfield Infrastructure Partners' stock was trading at $31.49 at the beginning of 2024. Since then, BIP shares have increased by 11.1% and is now trading at $34.97.
View the best growth stocks for 2024 here.

How were Brookfield Infrastructure Partners' earnings last quarter?

Brookfield Infrastructure Partners L.P. (NYSE:BIP) issued its quarterly earnings data on Thursday, August, 1st. The utilities provider reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.70 by $0.80. The firm's revenue was up 20.7% compared to the same quarter last year.

When did Brookfield Infrastructure Partners' stock split?

Brookfield Infrastructure Partners shares split before market open on Monday, June 13th 2022. The 3-2 split was announced on Wednesday, May 4th 2022. The newly created shares were payable to shareholders after the market closes on Friday, June 10th 2022. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Who are Brookfield Infrastructure Partners' major shareholders?

Brookfield Infrastructure Partners' top institutional investors include Principal Financial Group Inc. (5.13%), CIBC Asset Management Inc (1.49%), The Manufacturers Life Insurance Company (1.32%) and Toronto Dominion Bank (0.87%).

How do I buy shares of Brookfield Infrastructure Partners?

Shares of BIP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Brookfield Infrastructure Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Brookfield Infrastructure Partners investors own include Enterprise Products Partners (EPD), Meta Platforms (META), NVIDIA (NVDA), Pfizer (PFE), Energy Transfer (ET), Broadcom (AVGO) and Mplx (MPLX).

Company Calendar

• Last Earnings: 8/01/2024
• Ex-Dividend for 9/27 Dividend: 8/30/2024
• Dividend Payable: 9/27/2024
• Today: 11/29/2024
• Ex-Dividend for 12/31 Dividend: 11/29/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Water transportation
• Sub-Industry: Transportation
• Current Symbol: NYSE:BIP
• CUSIP: N/A
• CIK: 1406234
• Web: www.bip.brookfield.com
• Phone: (441) 294-3309
• Fax: 416-365-9642
• Employees: 52,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $40.20
• High Stock Price Target: $50.00
• Low Stock Price Target: $32.00
• Potential Upside/Downside: +13.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.38)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 11.51
• P/E Growth: N/A
• Net Income: $367 million
• Net Margins: 0.03%
• Pretax Margin: 9.01%
• Return on Equity: 0.02%
• Return on Assets: 0.01%

Debt

• Debt-to-Equity Ratio: 1.72
• Current Ratio: 0.77
• Quick Ratio: 0.72

Sales & Book Value

• Annual Sales: $17.93 billion
• Price / Sales: 0.91
• Cash Flow: $6.85 per share
• Price / Cash Flow: 5.16
• Book Value: $61.92 per share
• Price / Book: 0.57

Miscellaneous

• Outstanding Shares: 461,740,000
• Free Float: N/A
• Market Cap: $16.32 billion
• Optionable: Optionable
• Beta: 1.06