Brookfield Infrastructure Partners (BIP) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brookfield Infrastructure Partners in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BIP shares.
View BIP analyst ratings or view top-rated stocks.

7 brokerages have issued 12 month price targets for Brookfield Infrastructure Partners' stock. Their BIP share price forecasts range from $39.00 to $49.50. On average, they predict the company's share price to reach $43.75 in the next year. This suggests a possible upside of 18.8% from the stock's current price.
View analysts price targets for BIP or view top-rated stocks among Wall Street analysts.

Brookfield Infrastructure Partners' stock was trading at $30.99 on January 1st, 2023. Since then, BIP shares have increased by 18.9% and is now trading at $36.84.
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Brookfield Infrastructure Partners saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,030,000 shares, a drop of 6.9% from the April 30th total of 2,180,000 shares. Based on an average trading volume of 367,400 shares, the days-to-cover ratio is presently 5.5 days.
View Brookfield Infrastructure Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our BIP earnings forecast.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) announced its quarterly earnings data on Wednesday, May, 3rd. The utilities provider reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by $0.79. The utilities provider had revenue of $4.22 billion for the quarter. Brookfield Infrastructure Partners had a trailing twelve-month return on equity of 1.00% and a net margin of 1.67%.

Brookfield Infrastructure Partners declared a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.382 per share on Friday, June 30th. This represents a $1.53 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Tuesday, May 30th.
Read our dividend analysis for BIP.

ETFs with the largest weight of Brookfield Infrastructure Partners (NYSE:BIP) stock in their portfolio include Formidable ETF (FORH), Invesco International Dividend Achievers ETF (PID), iShares Global Utilities ETF (JXI), AGF Global Infrastructure ETF (GLIF), DJ Brookfield Global Infrastructure ETF (TOLZ) and Invesco Dividend Achievers ETF (PFM).

Brookfield Infrastructure Partners (NYSE:BIP) pays an annual dividend of $1.53 per share and currently has a dividend yield of 4.19%. 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 1,912.50%. 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 45.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BIP.

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 issued to shareholders after the market closes on Friday, June 10th 2022. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

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).

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

Brookfield Infrastructure Partners' stock is owned by many different retail and institutional investors. Top institutional shareholders include 1832 Asset Management L.P. (3.62%), Principal Financial Group Inc. (3.19%), Scotia Capital Inc. (1.18%), CIBC Asset Management Inc (1.15%), Toronto Dominion Bank (1.03%) and Connor Clark & Lunn Investment Management Ltd. (0.74%).

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.
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One share of BIP stock can currently be purchased for approximately $36.84.

Brookfield Infrastructure Partners (NYSE:BIP) has a market capitalization of $16.89 billion and generates $15.23 billion in revenue each year. The utilities provider earns $341 million in net income (profit) each year or $0.08 on an earnings per share basis.

The company employs 52,000 workers across the globe.

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.