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

$25.06
-0.33 (-1.30%)
(As of 12:03 PM ET)
Today's Range
$24.84
$25.45
50-Day Range
$25.36
$31.87
52-Week Range
$21.03
$37.32
Volume
230,863 shs
Average Volume
515,601 shs
Market Capitalization
$11.56 billion
P/E Ratio
179.01
Dividend Yield
6.46%
Price Target
$39.11

Brookfield Infrastructure Partners MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.90 Rating Score
Upside/​Downside
56.1% Upside
$39.11 Price Target
Short Interest
Healthy
0.31% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.62
Upright™ Environmental Score
News Sentiment
1.10mentions of Brookfield Infrastructure Partners in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.73%
From $3.32 to $3.61 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.90 out of 5 stars

Finance Sector

41st out of 856 stocks

Water Transportation Industry

1st out of 18 stocks

BIP stock logo

About Brookfield Infrastructure Partners Stock (NYSE:BIP)

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.

BIP Stock Price History

BIP Stock News Headlines

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Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...
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Biden to Launch “FedNOW” [Move Your Money Now]
Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...
Brookfield Infrastructure Completes Annual Filings
Dividend Yield Alert: 3 Top MLPs With Over 5% Yields
Brookfield Infrastructure: An Excellent Retirement Play
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 3/28 Dividend
2/28/2024
Dividend Payable
3/28/2024
Today
4/16/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Water transportation
Sub-Industry
N/A
Employees
52,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$39.11
High Stock Price Target
$46.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+54.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Net Income
$367 million
Pretax Margin
11.32%

Debt

Sales & Book Value

Annual Sales
$17.93 billion
Cash Flow
$6.74 per share
Book Value
$71.74 per share

Miscellaneous

Free Float
N/A
Market Cap
$11.70 billion
Optionable
Optionable
Beta
0.95
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Key Executives

  • Mr. Samuel J. B. Pollock (Age 58)
    Chief Executive Officer of Infrastructure
    Comp: $491.81k
  • Mr. Benjamin Michael Vaughan (Age 52)
    COO of Brookfield Infrastructure Partners Limited & Operating Partner of Infrastructure
    Comp: $954.89k
  • Mr. Brian A. Baker (Age 54)
    Operating Partner & Regional Head of North America of Infrastructure
    Comp: $4.79M
  • Ms. Chole Berry (Age 40)
    President, MD of Infrastructure & Portfolio Manager
  • Mr. David Krant CPA (Age 37)
    CFO of Brookfield Infrastructure Partners Limited & Managing Partner of Infrastructure
  • Melissa Low
    Vice President of Investor Relations
  • Mr. John Marcus Stinebaugh CFA (Age 57)
    Vice Chair of Infrastructure
  • Mr. Michael John Botha (Age 54)
    Operating Partner of Brookfield Infrastructure Partners Limited
  • Mr. Michael J. Ryan (Age 53)
    Managing Director of Infrastructure - Brookfield Infrastructure Partners Limited
  • Mr. Carlos David Castro
    Operating Partner of Brookfield Infrastructure Partners Limited

BIP Stock Analysis - Frequently Asked Questions

Should I buy or sell Brookfield Infrastructure Partners stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brookfield Infrastructure Partners in the last year. There are currently 2 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BIP shares.
View BIP analyst ratings
or view top-rated stocks.

What is Brookfield Infrastructure Partners' stock price target for 2024?

10 brokers have issued 12 month target prices for Brookfield Infrastructure Partners' stock. Their BIP share price targets range from $32.00 to $46.00. On average, they anticipate the company's share price to reach $39.11 in the next twelve months. This suggests a possible upside of 56.1% from the stock's current price.
View analysts price targets for BIP
or view top-rated stocks among Wall Street analysts.

How have BIP shares performed in 2024?

Brookfield Infrastructure Partners' stock was trading at $31.49 at the start of the year. Since then, BIP shares have decreased by 20.4% and is now trading at $25.06.
View the best growth stocks for 2024 here
.

Are investors shorting Brookfield Infrastructure Partners?

Brookfield Infrastructure Partners saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 1,540,000 shares, a drop of 10.5% from the February 29th total of 1,720,000 shares. Based on an average daily trading volume, of 500,100 shares, the days-to-cover ratio is presently 3.1 days.
View Brookfield Infrastructure Partners' Short Interest
.

When is Brookfield Infrastructure Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our BIP earnings forecast
.

How can I listen to Brookfield Infrastructure Partners' earnings call?

Brookfield Infrastructure Partners will be holding an earnings conference call on Wednesday, May 1st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Brookfield Infrastructure Partners' earnings last quarter?

Brookfield Infrastructure Partners L.P. (NYSE:BIP) released its quarterly earnings data on Thursday, February, 1st. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by $0.99. The utilities provider earned $4.97 billion during the quarter. Brookfield Infrastructure Partners had a trailing twelve-month return on equity of 0.79% and a net margin of 1.34%.

How often does Brookfield Infrastructure Partners pay dividends? What is the dividend yield for Brookfield Infrastructure Partners?

Brookfield Infrastructure Partners announced a quarterly dividend on Thursday, February 1st. Shareholders of record on Thursday, February 29th will be paid a dividend of $0.405 per share on Thursday, March 28th. This represents a $1.62 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from the stock's previous quarterly dividend of $0.38.
Read our dividend analysis for BIP
.

Is Brookfield Infrastructure Partners a good dividend stock?

Brookfield Infrastructure Partners (NYSE:BIP) pays an annual dividend of $1.62 per share and currently has a dividend yield of 6.27%. BIP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 1,157.23%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, BIP will have a dividend payout ratio of 44.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BIP.

What ETFs hold Brookfield Infrastructure Partners' stock?
When did Brookfield Infrastructure Partners' stock split?

Brookfield Infrastructure Partners's stock split on the morning of Monday, June 13th 2022. The 3-2 split was announced on Wednesday, May 4th 2022. The newly issued shares were distributed 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.

What other stocks do shareholders of Brookfield Infrastructure Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Brookfield Infrastructure Partners investors own include AT&T (T), Enterprise Products Partners (EPD), Cisco Systems (CSCO), Johnson & Johnson (JNJ), NVIDIA (NVDA), AbbVie (ABBV), QUALCOMM (QCOM), Verizon Communications (VZ), Walt Disney (DIS) and Intel (INTC).

Who are Brookfield Infrastructure Partners' major shareholders?

Brookfield Infrastructure Partners' stock is owned by many different retail and institutional investors. Top institutional shareholders include Nexus Investment Management ULC (0.24%), Walnut Private Equity Partners LLC (0.01%), Epiq Partners LLC (0.01%), Global Assets Advisory LLC (0.01%), NBC Securities Inc. (0.01%) and Addenda Capital Inc. (0.01%).

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.

This page (NYSE:BIP) was last updated on 4/16/2024 by MarketBeat.com Staff

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