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Brookfield Infrastructure Partners - BIP Stock Forecast, Price & News

$41.88
+0.56 (+1.36%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$41.27
$41.96
50-Day Range
$36.45
$42.22
52-Week Range
$35.81
$46.01
Volume
255,212 shs
Average Volume
229,141 shs
Market Capitalization
$19.18 billion
P/E Ratio
60.70
Dividend Yield
3.48%
Price Target
$46.80

Brookfield Infrastructure Partners MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
11.7% Upside
$46.80 Price Target
Short Interest
Healthy
0.27% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-5.08
Upright™ Environmental Score
News Sentiment
0.52mentions of Brookfield Infrastructure Partners in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.47%
From $2.69 to $3.16 Per Share

Overall MarketRank

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

2.47 out of 5 stars

Finance Sector

344th out of 914 stocks

Water Transportation Industry

3rd out of 19 stocks

BIP stock logo

About Brookfield Infrastructure Partners (NYSE:BIP) Stock

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 61,000 kilometers (km) of operational electricity transmission and distribution lines; 5,300 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.3 million electricity and natural gas connections; and 360,000 long-term contracted sub-metering services. This segment also offers heating and cooling 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 13 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 3,900 km of gas gathering pipelines, as well as one petrochemical processing complex. Its Data segment operates approximately 148,000 operational telecom towers; 8,000 multi-purpose towers and active rooftop sites; 10,000 km of fiber backbone; 1,600 cell sites and approximately 12,000 km of fiber optic cable; and 2,100 active telecom towers and 70 distributed antenna systems, as well as 50 data centers and 200 megawatts of critical load capacity. The company was founded in 2007 and is based in Hamilton, Bermuda. Brookfield Infrastructure Partners L.P. is a subsidiary of Brookfield Asset Management Inc.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BIP shares. Raymond James set a $46.67 price objective on Brookfield Infrastructure Partners and gave the stock an "outperform" rating in a report on Thursday, May 5th. Royal Bank of Canada boosted their price objective on shares of Brookfield Infrastructure Partners from $43.33 to $46.67 and gave the company an "outperform" rating in a research report on Thursday, May 5th. StockNews.com cut shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research report on Tuesday, July 12th. Credit Suisse Group upgraded shares of Brookfield Infrastructure Partners from a "neutral" rating to an "outperform" rating and set a $49.50 price target on the stock in a research report on Thursday, June 30th. Finally, Wells Fargo & Company raised their price objective on Brookfield Infrastructure Partners from $46.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $46.80.

Brookfield Infrastructure Partners Price Performance

BIP Stock traded up $0.56 during trading on Thursday, hitting $41.88. 255,212 shares of the stock traded hands, compared to its average volume of 368,602. The stock has a market cap of $19.18 billion, a price-to-earnings ratio of 59.88 and a beta of 0.76. Brookfield Infrastructure Partners has a 1 year low of $35.81 and a 1 year high of $46.01. The firm's 50 day moving average is $39.10 and its two-hundred day moving average is $40.51.

Brookfield Infrastructure Partners (NYSE:BIP - Get Rating) (TSE:BIP.UN) last posted its quarterly earnings results on Wednesday, August 3rd. The utilities provider reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.50). Brookfield Infrastructure Partners had a net margin of 5.20% and a return on equity of 2.75%. The firm had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $2.12 billion. During the same quarter in the previous year, the company earned $0.57 EPS. The company's quarterly revenue was up 38.2% compared to the same quarter last year. As a group, analysts anticipate that Brookfield Infrastructure Partners will post 2.69 EPS for the current fiscal year.

Brookfield Infrastructure Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Wednesday, August 31st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.44 annualized dividend and a dividend yield of 3.44%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently 208.70%.

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BIP Stock News Headlines

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BIP Company Calendar

Ex-Dividend for 6/30 Dividend
5/27/2022
Dividend Payable
6/30/2022
Last Earnings
8/03/2022
Today
8/18/2022
Ex-Dividend for 9/29 Dividend
8/30/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
N/A
Sector
Finance
Employees
44,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$46.80
High Stock Price Forecast
$49.50
Low Stock Price Forecast
$43.33
Forecasted Upside/Downside
+11.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$766 million
Pretax Margin
16.60%

Debt

Sales & Book Value

Annual Sales
$11.54 billion
Cash Flow
$6.92 per share
Book Value
$54.86 per share

Miscellaneous

Free Float
N/A
Market Cap
$19.18 billion
Optionable
Optionable
Beta
0.76

Key Executives

  • Mr. Samuel J.B. Pollock (Age 56)
    Chief Exec. Officer of Brookfield Infrastructure Partners Limited
    Comp: $491.81k
  • Mr. Benjamin Michael Vaughan (Age 49)
    Chief Operating Officer of Brookfield Infrastructure Partners Limited
    Comp: $954.89k
  • Mr. Bahir Manios (Age 43)
    Managing Partner of Infrastructure & Insurance Solutions and Chief Strategy Officer
    Comp: $2.56M
  • Mr. Brian A. Baker (Age 52)
    Managing Partner & Regional Head of North America of Infrastructure
    Comp: $4.79M
  • Mr. David Krant CPA (Age 35)
    CFO of Brookfield Infrastructure Partners Limited & Managing Partner of Infrastructure
  • Melissa Low
    VP of Investor Relations
  • Ms. Claire Holland
    Sr. VP of Communications
  • Mr. John Marcus Stinebaugh C.F.A. (Age 55)
    CFA, Managing Partner of Infrastructure
  • Mr. Michael John Botha
    Managing Director of Brookfield Infrastructure Partners Limited
  • Mr. Michael J. Ryan (Age 51)
    Managing Director of Infrastructure - Brookfield Infrastructure Partners Limited













BIP Stock - 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 twelve months. There are currently 1 hold rating and 7 buy ratings 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 forecast for 2022?

8 analysts have issued 1-year price targets for Brookfield Infrastructure Partners' stock. Their BIP share price forecasts range from $43.33 to $49.50. On average, they expect the company's share price to reach $46.80 in the next twelve months. This suggests a possible upside of 11.7% 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 2022?

Brookfield Infrastructure Partners' stock was trading at $40.54 at the start of the year. Since then, BIP stock has increased by 3.3% and is now trading at $41.88.
View the best growth stocks for 2022 here
.

When is Brookfield Infrastructure Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our BIP earnings forecast
.

How were Brookfield Infrastructure Partners' earnings last quarter?

Brookfield Infrastructure Partners L.P. (NYSE:BIP) posted its quarterly earnings data on Wednesday, August, 3rd. The utilities provider reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by $0.50. The utilities provider had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $2.12 billion. Brookfield Infrastructure Partners had a net margin of 5.20% and a trailing twelve-month return on equity of 2.75%. Brookfield Infrastructure Partners's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS.

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

Brookfield Infrastructure Partners announced a quarterly dividend on Wednesday, August 3rd. Investors of record on Wednesday, August 31st will be paid a dividend of $0.36 per share on Thursday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Tuesday, August 30th.
Read our dividend analysis for BIP
.

Is Brookfield Infrastructure Partners a good dividend stock?

Brookfield Infrastructure Partners (NYSE:BIP) pays an annual dividend of $1.44 per share and currently has a dividend yield of 3.48%. The dividend payout ratio is 208.70%. 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 45.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BIP.

When did Brookfield Infrastructure Partners' stock split?

Brookfield Infrastructure Partners shares split on Monday, June 13th 2022. The 3-2 split was announced on Wednesday, May 4th 2022. The newly minted shares were payable 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).

What is Brookfield Infrastructure Partners' stock symbol?

Brookfield Infrastructure Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "BIP."

Who are Brookfield Infrastructure Partners' major shareholders?

Brookfield Infrastructure Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (7.29%), TD Asset Management Inc. (3.43%), Principal Financial Group Inc. (3.14%), Goldman Sachs Group Inc. (1.75%), Connor Clark & Lunn Investment Management Ltd. (1.17%) and Cibc World Market Inc. (1.14%).

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.

What is Brookfield Infrastructure Partners' stock price today?

One share of BIP stock can currently be purchased for approximately $41.88.

How much money does Brookfield Infrastructure Partners make?

Brookfield Infrastructure Partners (NYSE:BIP) has a market capitalization of $19.18 billion and generates $11.54 billion in revenue each year. The utilities provider earns $766 million in net income (profit) each year or $0.69 on an earnings per share basis.

How many employees does Brookfield Infrastructure Partners have?

The company employs 44,000 workers across the globe.

How can I contact Brookfield Infrastructure Partners?

Brookfield Infrastructure Partners' mailing address is 73 FRONT STREET, HAMILTON D0, HM12. The official website for the company is www.bip.brookfield.com. The utilities provider can be reached via phone at (441) 294-3309, via email at bip.enquiries@brookfield.com, or via fax at 416-365-9642.

This page (NYSE:BIP) was last updated on 8/19/2022 by MarketBeat.com Staff

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