Brookfield Infrastructure Partners L.P. (NYSE:BIP) Forecasted to Earn Q1 2024 Earnings of $0.54 Per Share

Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN - Investment analysts at National Bank Financial issued their Q1 2024 earnings estimates for shares of Brookfield Infrastructure Partners in a report released on Tuesday, April 23rd. National Bank Financial analyst P. Kenny expects that the utilities provider will post earnings of $0.54 per share for the quarter. National Bank Financial has a "Sector Perform" rating on the stock. The consensus estimate for Brookfield Infrastructure Partners' current full-year earnings is $3.30 per share.

Several other equities analysts have also commented on BIP. TD Securities decreased their target price on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a "buy" rating on the stock in a report on Friday, February 2nd. BMO Capital Markets lifted their price target on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, January 10th. Raymond James lifted their price target on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a "strong-buy" rating in a report on Friday, February 2nd. National Bankshares lowered shares of Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating and set a $32.00 price target on the stock. in a report on Tuesday, January 30th. Finally, Jefferies Financial Group decreased their price target on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, April 17th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $38.60.

Brookfield Infrastructure Partners Price Performance

BIP stock traded down $0.19 during mid-day trading on Friday, hitting $27.17. The stock had a trading volume of 240,627 shares, compared to its average volume of 515,713. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.20. Brookfield Infrastructure Partners has a 52 week low of $21.03 and a 52 week high of $37.32. The firm has a market capitalization of $12.53 billion, a P/E ratio of 194.09 and a beta of 0.95. The firm has a fifty day simple moving average of $28.91 and a 200 day simple moving average of $28.66.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.79 by ($0.99). Brookfield Infrastructure Partners had a net margin of 1.34% and a return on equity of 0.79%. The firm had revenue of $4.97 billion during the quarter.

Brookfield Infrastructure Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a $0.405 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.96%. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.38. Brookfield Infrastructure Partners's payout ratio is 1,157.23%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BIP. Triasima Portfolio Management inc. acquired a new position in shares of Brookfield Infrastructure Partners during the 4th quarter valued at $12,322,000. Stratos Wealth Partners LTD. acquired a new position in shares of Brookfield Infrastructure Partners during the 4th quarter valued at $205,000. Dixon Mitchell Investment Counsel Inc. raised its holdings in Brookfield Infrastructure Partners by 71.2% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 765,686 shares of the utilities provider's stock worth $24,266,000 after buying an additional 318,398 shares during the last quarter. Nexus Investment Management ULC raised its holdings in Brookfield Infrastructure Partners by 8.2% during the fourth quarter. Nexus Investment Management ULC now owns 1,119,440 shares of the utilities provider's stock worth $35,393,000 after buying an additional 84,749 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Brookfield Infrastructure Partners by 1.1% during the third quarter. CIBC Asset Management Inc now owns 5,569,701 shares of the utilities provider's stock worth $163,953,000 after buying an additional 60,510 shares during the last quarter. Institutional investors and hedge funds 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.