National Bank Financial Forecasts BIP FY2024 Earnings

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Equities research analysts at National Bank Financial raised their FY2024 EPS estimates for Brookfield Infrastructure Partners in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the utilities provider will post earnings of $3.10 per share for the year, up from their previous forecast 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 equities analysts also recently weighed in on the stock. TD Securities lifted their price target 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. Jefferies Financial Group lifted their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a 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 research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.20.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE:BIP opened at $31.57 on Thursday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. Brookfield Infrastructure Partners has a 1-year low of $24.84 and a 1-year high of $36.50. The company has a market capitalization of $14.58 billion, a P/E ratio of -83.08 and a beta of 1.07. The firm’s 50 day simple moving average is $33.51 and its two-hundred day simple moving average is $32.55.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently -426.32%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in Brookfield Infrastructure Partners by 2.7% in the third quarter. Principal Financial Group Inc. now owns 23,809,423 shares of the utilities provider’s stock worth $834,282,000 after purchasing an additional 616,373 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Brookfield Infrastructure Partners by 4.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,147,654 shares of the utilities provider’s stock worth $168,680,000 after buying an additional 257,587 shares during the period. CCLA Investment Management raised its position in Brookfield Infrastructure Partners by 35.0% during the 2nd quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider’s stock worth $119,180,000 after buying an additional 1,125,964 shares during the last quarter. Select Equity Group L.P. raised its position in Brookfield Infrastructure Partners by 29.6% during the 2nd quarter. Select Equity Group L.P. now owns 4,202,842 shares of the utilities provider’s stock worth $115,326,000 after buying an additional 960,120 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in Brookfield Infrastructure Partners by 24.6% during the 3rd quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider’s stock worth $140,273,000 after buying an additional 790,078 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

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.