Brookfield Infrastructure (BIPC) Stock Price, News & Analysis

Company Overview

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia. It operates approximately 2,000 kilometers of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; 4.3 million gas and electricity connections; and a global fleet of approximately 7 million twenty-foot equivalent units (TEUs) intermodal containers under long-term contracts. The company was incorporated in 2019 and is headquartered in New York, New York. Brookfield Infrastructure Corporation operates as a subsidiary of Brookfield Infrastructure Partners L.P.

Key Stats

• Today's Range: $41.94 to $42.72
• 50-Day Range: $36.36 to $42.45
• 52-Week Range: $25.48 to $42.72
• Volume: 1.08 million shs
• Average Volume: 534,185 shs
• Market Capitalization: $5.60 billion
• P/E Ratio: 29.48
• Dividend Yield: 3.82%
• Price Target: $42.00
• Consensus Rating: Buy

Brookfield Infrastructure Stock Analysis - MarketRank™

Brookfield Infrastructure scored higher than 24% of companies evaluated by MarketBeat, and ranked 85th out of 94 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Brookfield Infrastructure has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Brookfield Infrastructure has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Brookfield Infrastructure is 29.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Brookfield Infrastructure is 29.48, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 92.81.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for BIPC.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Brookfield Infrastructure is a leading dividend payer. It pays a dividend yield of 3.85%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Brookfield Infrastructure does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Brookfield Infrastructure is 112.50%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for BIPC.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: 0.45

News Sentiment

Brookfield Infrastructure has a news sentiment score of 0.45. 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 lower news sentiment than the 0.57 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Brookfield Infrastructure this week, compared to 2 articles on an average week.

Search Interest

Only 7 people have searched for BIPC on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Brookfield Infrastructure to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Brookfield Infrastructure insiders have not sold or bought any company stock.

Percentage Held by Institutions

70.38% of the stock of Brookfield Infrastructure is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BIPC Stock Analysis - Frequently Asked Questions

How have BIPC shares performed this year?

Brookfield Infrastructure's stock was trading at $35.28 on January 1st, 2024. Since then, BIPC stock has increased by 20.3% and is now trading at $42.45.
View the best growth stocks for 2024 here.

When did Brookfield Infrastructure's stock split?

Shares of Brookfield Infrastructure split before market open on Monday, June 13th 2022. The 3-2 split was announced on Wednesday, May 4th 2022. The newly created shares were issued to shareholders after the closing bell on Friday, June 10th 2022. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Who are Brookfield Infrastructure's major shareholders?

Brookfield Infrastructure's top institutional shareholders include Bank of Montreal Can (3.43%), Principal Financial Group Inc. (2.18%), Confluence Investment Management LLC (1.75%) and Dimensional Fund Advisors LP (1.71%).

How do I buy shares of Brookfield Infrastructure?

Shares of BIPC 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.

What other stocks do shareholders of Brookfield Infrastructure own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Brookfield Infrastructure investors own include Merck & Co., Inc. (MRK), AbbVie (ABBV), Cisco Systems (CSCO), CVS Health (CVS), AT&T (T), Brookfield Infrastructure Partners (BIP) and Costco Wholesale (COST).

Company Calendar

• Ex-Dividend for 6/28 Dividend: 5/31/2024
• Dividend Payable: 6/28/2024
• Ex-Dividend for 9/27 Dividend: 8/30/2024
• Today: 9/20/2024
• Dividend Payable: 9/27/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Utilities
• Industry: Utilities - Regulated Gas
• Sub-Industry: Utilities
• Current Symbol: NASDAQ:BIPC
• CUSIP: N/A
• CIK: 1788348
• Web: bip.brookfield.com
• Phone: 212-417-7000
• Fax: N/A
• Employees: 1,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $42.00
• High Stock Price Target: $42.00
• Low Stock Price Target: $42.00
• Potential Upside/Downside: -1.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: 29.48
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $3.28 billion
• Price / Sales: 1.71
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 131,969,000
• Free Float: N/A
• Market Cap: $5.60 billion
• Optionable: Optionable
• Beta: 1.44