BIP FY2024 EPS Forecast Lifted by National Bank Financial

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Analysts at National Bank Financial increased their FY2024 earnings per share estimates for Brookfield Infrastructure Partners in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the utilities provider will post earnings of $3.10 per share for the year, up from their prior 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.

Several other analysts have also recently issued reports on the company. TD Securities upped their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. 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. Finally, StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

Brookfield Infrastructure Partners Stock Down 0.2 %

BIP stock opened at $32.65 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The firm has a 50 day simple moving average of $33.54 and a 200-day simple moving average of $32.55. The company has a market capitalization of $15.08 billion, a P/E ratio of -85.92 and a beta of 1.07. Brookfield Infrastructure Partners has a twelve month low of $24.84 and a twelve month high of $36.50.

Brookfield Infrastructure Partners Dividend Announcement

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

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Several hedge funds and other institutional investors have recently modified their holdings of BIP. JPMorgan Chase & Co. boosted its holdings in Brookfield Infrastructure Partners by 24.0% in the third quarter. JPMorgan Chase & Co. now owns 22,130 shares of the utilities provider’s stock valued at $775,000 after acquiring an additional 4,281 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth approximately $277,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth approximately $101,000. Toronto Dominion Bank lifted its holdings in Brookfield Infrastructure Partners by 24.6% in the third quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider’s stock valued at $140,273,000 after buying an additional 790,078 shares during the period. Finally, Empire Financial Management Company LLC boosted its stake in Brookfield Infrastructure Partners by 46.8% in the third quarter. Empire Financial Management Company LLC now owns 34,719 shares of the utilities provider’s stock valued at $1,217,000 after acquiring an additional 11,069 shares during the last quarter. 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.