#1 - Brookfield Infrastructure Partners (NYSE:BIP)
Brookfield Infrastructure Partners (NYSE:BIP) is a way to invest in the volatile energy sector without having exposure to drilling and exploration. The company owns and operates utilities, transport, energy, and data infrastructure businesses. This includes natural gas pipelines that provide stable cash flow regardless of economic conditions. In fact, according to Brookfield only about 5% of its cash flow carries a recession risk.
Brookfield Infrastructure Partners is a subsidiary of Brookfield Asset Management (NYSE:BAM). They have a strong balance sheet. Not only does this give the company the ability to survive the coming recession, but also to potentially make acquisitions as market conditions allow.
The company has been reviewed by 10 analysts in the last year and has a consensus Buy rating. The analysts give the company a consensus price target of $51.10 that would be a gain of over 35% from the stock’s current level. The company is also a solid dividend stock. It’s grown its dividend every year for the last 10 consecutive year and has averaged 7.31%.
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.
Read More - Current Price
- $27.42
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $38.60 (40.8% Upside)
