NYSE:BIPBrookfield Infrastructure Partners Stock Price, Forecast & News

$40.66

-0.14 (-0.34 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$40.10

Now: $40.66▼

$41.01

50-Day Range

$37.22

MA: $39.26▼

$42.29

52-Week Range

$25.77

Now: $40.66▼

$56.31

Volume393,560 shs

Average Volume546,604 shs

Market Capitalization$11.93 billion

P/E Ratio162.64

Dividend Yield5.27%

Beta0.9

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals. The Transport segment offers transportation, storage, and handling services for freight, bulk commodities, and passengers through a network of 5,500 km of track network in south of Western Australia; approximately 4,800 km of rail in South America; approximately 4,200 km of motorways in Brazil, Chile, Peru, and India; and 37 port terminals in North America, the United Kingdom, Australia, and Europe. The Energy segment offers natural gas midstream and storage services through approximately 15,000 km of natural gas transmission pipelines; and 600 billion cubic feet of natural gas storage in the United States and Canada. This segment also provides heating and cooling services to customers, and energy solutions, as well as serves approximately 24,900 natural gas, water, and wastewater connections. In addition, the Energy segment provides water heater rental; heating, ventilation, and air conditioner rental; and other home services in Canada and the United States, as well as 270,000 contracted sub-metering services with in Canada. The Data Infrastructure segment offers services and critical infrastructure to the media broadcasting and telecom sectors; and data storage services and infrastructure to enterprise customers. 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.

Beat the Market (BTM) Rank^™

4.4 Analyst's Opinion

Consensus Rating
Brookfield Infrastructure Partners has received a consensus rating of Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $50.91, Brookfield Infrastructure Partners has a potential upside of 25.2% from its current price of $40.66.
Amount of Analyst Coverage
Brookfield Infrastructure Partners has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
Brookfield Infrastructure Partners has received 498 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Brookfield Infrastructure Partners has received 527 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Brookfield Infrastructure Partners has received 51.41% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Brookfield Infrastructure Partners and other stocks. Vote “Outperform” if you believe BIP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BIP will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Brookfield Infrastructure Partners is a leading dividend payer. It pays a dividend yield of 5.27%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Brookfield Infrastructure Partners has been increasing its dividend for 10 years.
Dividend Coverage
The dividend payout ratio of Brookfield Infrastructure Partners is 3,071.43 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Brookfield Infrastructure Partners will have a dividend payout ratio of 62.32 % next year. This indicates that Brookfield Infrastructure Partners will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Brookfield Infrastructure Partners insiders have not sold or bought any company stock.
Percentage Held by Institutions
47.78% of the stock of Brookfield Infrastructure Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Brookfield Infrastructure Partners are expected to grow by 14.62% in the coming year, from $3.01 to $3.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Brookfield Infrastructure Partners is 162.64, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Brookfield Infrastructure Partners is 162.64, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 28.38.
Price to Earnings Growth Ratio
Brookfield Infrastructure Partners has a PEG Ratio of 3.18. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Brookfield Infrastructure Partners has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.65 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Water transportation

Sub-IndustryN/A

SectorUtilities

Current SymbolNYSE:BIP

Previous Symbol

CUSIPN/A

CIK1406234

Webwww.bip.brookfield.com

Phone441-294-3309

Debt

Debt-to-Equity RatioN/A

Current Ratio0.06

Quick Ratio0.06

Price-To-Earnings

Trailing P/E Ratio162.64

Forward P/E Ratio13.51

P/E Growth3.18

Sales & Book Value

Annual Sales$6.60 billion

Price / Sales1.81

Cash Flow$4.82 per share

Price / Cash Flow8.43

Book Value$61.74 per share

Price / Book0.66

Profitability

EPS (Most Recent Fiscal Year)$0.07

Net Income$211 million

Net Margins4.54%

Return on Equity1.87%

Return on Assets0.69%

Miscellaneous

EmployeesN/A

Outstanding Shares293,528,000

Market Cap$11.93 billion

Next Earnings Date8/7/2020 (Estimated)

OptionableOptionable

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Brookfield Infrastructure Partners (NYSE:BIP) Frequently Asked Questions

How has Brookfield Infrastructure Partners' stock been impacted by COVID-19 (Coronavirus)?

Brookfield Infrastructure Partners' stock was trading at $43.76 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BIP shares have decreased by 7.1% and is now trading at $40.66. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Brookfield Infrastructure Partners?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brookfield Infrastructure Partners in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Brookfield Infrastructure Partners.

When is Brookfield Infrastructure Partners' next earnings date?

Brookfield Infrastructure Partners is scheduled to release its next quarterly earnings announcement on Friday, August 7th 2020. View our earnings forecast for Brookfield Infrastructure Partners.

How were Brookfield Infrastructure Partners' earnings last quarter?

Brookfield Infrastructure Partners L.P. (NYSE:BIP) announced its quarterly earnings data on Friday, May, 8th. The utilities provider reported $0.13 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.87 by $0.74. The utilities provider earned $2.20 billion during the quarter, compared to the consensus estimate of $1.02 billion. Brookfield Infrastructure Partners had a return on equity of 1.87% and a net margin of 4.54%. The company's quarterly revenue was up 37.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 earnings per share. View Brookfield Infrastructure Partners' earnings history.

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 Friday, May 8th. Investors of record on Friday, May 29th will be paid a dividend of $0.485 per share on Tuesday, June 30th. This represents a $1.94 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Thursday, May 28th. View Brookfield Infrastructure Partners' dividend history.

When did Brookfield Infrastructure Partners' stock split? How did Brookfield Infrastructure Partners' stock split work?

Brookfield Infrastructure Partners shares split on the morning of Thursday, September 15th 2016. The 3-2 split was announced on Monday, August 15th 2016. The newly created shares were payable to shareholders after the closing bell on Wednesday, September 14th 2016. An investor that had 100 shares of Brookfield Infrastructure Partners stock prior to the split would have 150 shares after the split.

What price target have analysts set for BIP?

11 Wall Street analysts have issued 1 year price objectives for Brookfield Infrastructure Partners' stock. Their forecasts range from $46.00 to $58.00. On average, they expect Brookfield Infrastructure Partners' stock price to reach $50.91 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price. View analysts' price targets for Brookfield Infrastructure Partners.

Has Brookfield Infrastructure Partners been receiving favorable news coverage?

News coverage about BIP stock has trended very negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Brookfield Infrastructure Partners earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave media stories about the utilities provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news aboutBrookfield Infrastructure Partners.

Who are some of Brookfield Infrastructure Partners' key competitors?

Some companies that are related to Brookfield Infrastructure Partners include Royal Caribbean Cruises (RCL), Carnival (CCL), Kirby (KEX), Carnival (CUK), Matson (MATX), Teekay Lng Partners (TGP), Golar LNG (GLNG), Nordic American Tanker (NAT), International Seaways (INSW), Teekay Tankers (TNK), KNOT Offshore Partners (KNOP), Golden Ocean Group (GOGL), Hoegh LNG Partners (HMLP), GasLog (GLOG) and GasLog Partners LP Unit (GLOP). View all competitors.

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), AbbVie (ABBV), NVIDIA (NVDA), Verizon Communications (VZ), Walt Disney (DIS), QUALCOMM (QCOM) and Pfizer (PFE).

Who are Brookfield Infrastructure Partners' key executives?

Brookfield Infrastructure Partners' management team includes the following people:

Mr. Samuel J. B. Pollock, Chief Exec. Officer of Brookfield Infrastructure Group (Age 53)
Mr. Jeffrey Wayne Kendrew, Managing Partner of Australia (Age 59)
Mr. Bahir Manios, Chief Financial Officer of Brookfield Infrastructure Group (Age 40)
Mr. Benjamin Michael Vaughan, Chief Operating Officer of Brookfield Infrastructure Group (Age 47)
Mr. Jonathan Kelly, Chief Investment Officer & Head of Utilities & Data infrastructure - Brookfield Infrastructure Group (Age 36)

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 many different institutional and retail investors. Top institutional shareholders include Capital World Investors (6.43%), Principal Financial Group Inc. (2.36%), The Manufacturers Life Insurance Company (2.26%), 1832 Asset Management L.P. (1.92%), CIBC Asset Management Inc (1.28%) and CIBC World Markets Inc. (1.21%).

Which major investors are selling Brookfield Infrastructure Partners stock?

BIP stock was sold by a variety of institutional investors in the last quarter, including 1832 Asset Management L.P., Toronto Dominion Bank, Clearbridge Investments LLC, Connor Clark & Lunn Investment Management Ltd., CIBC World Markets Inc., Wells Fargo & Company MN, Nuveen Asset Management LLC, and Ninepoint Partners LP.

Which major investors are buying Brookfield Infrastructure Partners stock?

BIP stock was acquired by a variety of institutional investors in the last quarter, including Capital World Investors, Mackenzie Financial Corp, The Manufacturers Life Insurance Company , 1832 Asset Management L.P., CIBC Asset Management Inc, Citigroup Inc., AGF Investments Inc., and Principal Financial Group Inc..

How do I buy shares of Brookfield Infrastructure Partners?

Shares of BIP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Brookfield Infrastructure Partners' stock price today?

One share of BIP stock can currently be purchased for approximately $40.66.

How big of a company is Brookfield Infrastructure Partners?

Brookfield Infrastructure Partners has a market capitalization of $11.93 billion and generates $6.60 billion in revenue each year. The utilities provider earns $211 million in net income (profit) each year or $0.07 on an earnings per share basis.

What is Brookfield Infrastructure Partners' official website?

The official website for Brookfield Infrastructure Partners is www.bip.brookfield.com.

How can I contact Brookfield Infrastructure Partners?

Brookfield Infrastructure Partners' mailing address is 73 FRONT STREET, HAMILTON D0, HM12. The utilities provider can be reached via phone at 441-294-3309 or via email at [email protected]

This page was last updated on 5/29/2020 by MarketBeat.com Staff