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

Brookfield Infrastructure Partners logo
$34.24
-0.74 (-2.12%)
(As of 10/31/2024 ET)

About Brookfield Infrastructure Partners Stock (NYSE:BIP)

Key Stats

Today's Range
$34.12
$35.05
50-Day Range
$31.08
$36.42
52-Week Range
$22.21
$36.50
Volume
300,943 shs
Average Volume
433,951 shs
Market Capitalization
$15.88 billion
P/E Ratio
N/A
Dividend Yield
4.73%
Price Target
$39.50
Consensus Rating
Buy

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.

Brookfield Infrastructure Partners Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
89th Percentile Overall Score

BIP MarketRank™: 

Brookfield Infrastructure Partners scored higher than 89% of companies evaluated by MarketBeat, and ranked 161st out of 942 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Brookfield Infrastructure Partners are expected to grow by 7.94% in the coming year, from $3.15 to $3.40 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Brookfield Infrastructure Partners is -201.40, 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 -201.40, 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 0.48. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Brookfield Infrastructure Partners' valuation and earnings.
  • 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 4.9.
  • Change versus previous month

    Short interest in Brookfield Infrastructure Partners has recently decreased by 6.74%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Brookfield Infrastructure Partners is a leading dividend payer. It pays a dividend yield of 4.54%, 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 Coverage

    The dividend payout ratio of Brookfield Infrastructure Partners is 522.58%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Brookfield Infrastructure Partners will have a dividend payout ratio of 47.65% next year. This indicates that Brookfield Infrastructure Partners will be able to sustain or increase its dividend.

  • Read more about Brookfield Infrastructure Partners' dividend.
  • 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 4.9.
  • Change versus previous month

    Short interest in Brookfield Infrastructure Partners has recently decreased by 6.74%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Brookfield Infrastructure Partners has a news sentiment score of 1.14. 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 is a higher news sentiment than the 0.60 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Brookfield Infrastructure Partners this week, compared to 4 articles on an average week.
  • Search Interest

    Only 21 people have searched for BIP on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
  • MarketBeat Follows

    Only 6 people have added Brookfield Infrastructure Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • 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.

  • Read more about Brookfield Infrastructure Partners' insider trading history.
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BIP Stock News Headlines

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BIP Stock Analysis - Frequently Asked Questions

Brookfield Infrastructure Partners' stock was trading at $31.49 at the beginning of the year. Since then, BIP stock has increased by 8.7% and is now trading at $34.24.
View the best growth stocks for 2024 here
.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) issued its earnings results on Thursday, August, 1st. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by $0.80. The company's quarterly revenue was up 20.7% on a year-over-year basis.

Shares of Brookfield Infrastructure Partners split on Monday, June 13th 2022. The 3-2 split was announced on Wednesday, May 4th 2022. The newly created 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.

Top institutional investors of Brookfield Infrastructure Partners include Principal Financial Group Inc. (5.13%), Dixon Mitchell Investment Counsel Inc. (0.34%), Lake Street Advisors Group LLC (0.26%) and Nexus Investment Management ULC (0.26%).

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.

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
10/31/2024
Next Earnings (Confirmed)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$39.50
High Stock Price Target
$46.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+15.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
$367 million
Pretax Margin
9.77%

Debt

Sales & Book Value

Annual Sales
$19.78 billion
Cash Flow
$6.91 per share
Book Value
$71.37 per share

Miscellaneous

Free Float
N/A
Market Cap
$15.90 billion
Optionable
Optionable
Beta
1.06
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This page (NYSE:BIP) was last updated on 10/31/2024 by MarketBeat.com Staff
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