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S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
New CBOE “special perk” helps traders target income every weekend (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
New CBOE “special perk” helps traders target income every weekend (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
New CBOE “special perk” helps traders target income every weekend (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
Pentagon forges new high-tech agreement with Australia, United Kingdom, aimed at countering China
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
New CBOE “special perk” helps traders target income every weekend (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
New CBOE “special perk” helps traders target income every weekend (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
New CBOE “special perk” helps traders target income every weekend (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
Pentagon forges new high-tech agreement with Australia, United Kingdom, aimed at countering China
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
New CBOE “special perk” helps traders target income every weekend (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
New CBOE “special perk” helps traders target income every weekend (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
New CBOE “special perk” helps traders target income every weekend (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
Pentagon forges new high-tech agreement with Australia, United Kingdom, aimed at countering China

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

$27.75
+1.55 (+5.92%)
(As of 12/1/2023 ET)
Compare
Today's Range
$26.19
$27.92
50-Day Range
$21.39
$31.37
52-Week Range
$21.03
$37.32
Volume
1.00 million shs
Average Volume
567,626 shs
Market Capitalization
$12.73 billion
P/E Ratio
89.52
Dividend Yield
5.51%
Price Target
$38.44

Brookfield Infrastructure Partners MarketRank™ Stock Analysis

Analyst Rating
Buy
3.13 Rating Score
Upside/​Downside
38.5% Upside
$38.44 Price Target
Short Interest
Bearish
1.23% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.62
Upright™ Environmental Score
News Sentiment
0.83mentions of Brookfield Infrastructure Partners in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.86%
From $2.95 to $3.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.83 out of 5 stars

Finance Sector

96th out of 861 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 60,000 kilometers (km) of operational electricity transmission and distribution lines; 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.8 million electricity and natural gas connections; and 540,000 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; 4,800 km of rail; 3,800 km of motorways; and 11 port terminals. 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; 600 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 207,000 operational telecom towers; approximately 46,600 km of fiber optic cables; approximately 881,000 fiber-to-the-premise connections; two semiconductor manufacturing facilities; and 70 distributed antenna systems, as well as 50 data centers and 230 megawatts of critical load 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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Company Calendar

Ex-Dividend for 9/29 Dividend
8/30/2023
Dividend Payable
9/29/2023
Last Earnings
11/01/2023
Ex-Dividend for 12/29 Dividend
11/29/2023
Today
12/02/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/01/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$38.44
High Stock Price Target
$45.00
Low Stock Price Target
$33.00
Potential Upside/Downside
+38.5%
Consensus Rating
Buy
Rating Score (0-4)
3.13
Research Coverage
8 Analysts

Profitability

Net Income
$341 million
Pretax Margin
12.06%

Debt

Sales & Book Value

Annual Sales
$14.43 billion
Cash Flow
$5.93 per share
Book Value
$72.08 per share

Miscellaneous

Free Float
N/A
Market Cap
$12.73 billion
Optionable
Optionable
Beta
0.97
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Key Executives

  • Mr. Samuel J. B. Pollock (Age 57)
    Chief Executive Officer of Infrastructure
    Comp: $491.81k
  • Mr. Benjamin Michael Vaughan (Age 51)
    COO of Brookfield Infrastructure Partners Limited & Operating Partner of Infrastructure
    Comp: $954.89k
  • Mr. Brian A. Baker (Age 53)
    Operating Partner & Regional Head of North America of Infrastructure
    Comp: $4.79M
  • Ms. Chole Berry (Age 39)
    President, MD of Infrastructure & Portfolio Manager
  • Mr. David Krant CPA (Age 36)
    CFO of Brookfield Infrastructure Partners Limited & Managing Partner of Infrastructure
  • Melissa Low
    Vice President of Investor Relations
  • Mr. John Marcus Stinebaugh CFA (Age 56)
    Vice Chair of Infrastructure
  • Mr. Michael John Botha
    Operating Partner of Brookfield Infrastructure Partners Limited
  • Mr. Michael J. Ryan (Age 52)
    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?

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

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

8 analysts have issued 12-month price targets for Brookfield Infrastructure Partners' shares. Their BIP share price targets range from $33.00 to $45.00. On average, they predict the company's stock price to reach $38.44 in the next year. This suggests a possible upside of 38.5% 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 2023?

Brookfield Infrastructure Partners' stock was trading at $30.99 on January 1st, 2023. Since then, BIP stock has decreased by 10.5% and is now trading at $27.75.
View the best growth stocks for 2023 here
.

Are investors shorting Brookfield Infrastructure Partners?

Brookfield Infrastructure Partners saw a increase in short interest in November. As of November 15th, there was short interest totaling 5,620,000 shares, an increase of 14.5% from the October 31st total of 4,910,000 shares. Based on an average daily volume of 762,700 shares, the days-to-cover ratio is currently 7.4 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 Thursday, February 1st 2024.
View our BIP earnings forecast
.

How were Brookfield Infrastructure Partners' earnings last quarter?

Brookfield Infrastructure Partners L.P. (NYSE:BIP) posted its earnings results on Wednesday, November, 1st. The utilities provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.73 by $0.70. The utilities provider had revenue of $4.49 billion for the quarter. Brookfield Infrastructure Partners had a trailing twelve-month return on equity of 1.28% and a net margin of 2.17%.

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

Brookfield Infrastructure Partners declared a quarterly dividend on Wednesday, November 1st. Investors of record on Thursday, November 30th will be given a dividend of $0.382 per share on Friday, December 29th. This represents a $1.53 annualized dividend and a dividend yield of 5.51%. The ex-dividend date is Wednesday, November 29th.
Read our dividend analysis for BIP
.

Is Brookfield Infrastructure Partners a good dividend stock?

Brookfield Infrastructure Partners (NYSE:BIP) pays an annual dividend of $1.53 per share and currently has a dividend yield of 5.84%. BIP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 493.55%. 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 46.36% 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 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.

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 investors include The Manufacturers Life Insurance Company (3.90%), Principal Financial Group Inc. (3.56%), TD Asset Management Inc (2.83%), Scotia Capital Inc. (1.23%), CIBC Asset Management Inc (1.21%) and Mackenzie Financial Corp (1.21%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:BIP) was last updated on 12/2/2023 by MarketBeat.com Staff

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