NYSE:MIC - Macquarie Infrastructure Stock Price, News, & Analysis

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$39.58 -3.63 (-8.40 %)
(As of 02/21/2019 04:00 PM ET)
Previous Close$43.21
Today's Range$38.79 - $40.3903
52-Week Range$33.71 - $47.74
Volume3.52 million shs
Average Volume708,081 shs
Market Capitalization$3.39 billion
P/E Ratio15.46
Dividend Yield9.26%
Beta1.58
Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, chemicals, renewable fuels, and vegetable and animal oils through a network of 19 marine terminals, including 17 in the United States and 2 in Canada. This segment also provides environmental emergency response, industrial, and waste transportation and disposal services. The Atlantic Aviation segment offers fuel delivery, de-icing, aircraft parking, and hangar rental services to owners/operators of jet aircraft, as well as for commercial, military, freight, and government aviation customers. The CP segment generates electricity through wind, solar, and gas-fired facilities. As of December 31, 2017, this segment had interests in 7 solar power generating facilities with an aggregate generating capacity of 142 megawatts (MW) located in Arizona, California, Texas, Minnesota, and Utah; 2 wind power generating facilities with an aggregate generating capacity of 203 MW situated in Idaho and New Mexico; and gas-fired facility with a generating capacity of 512 MW located in Bayonne, New Jersey. The MIC Hawaii segment processes, distributes, and sells synthetic and renewable natural gas; and distributes and sells liquefied natural gas and petroleum gas to residential, commercial, hospitality, military, and wholesale customers, as well as to the public sector in Oahu, Hawaii, Maui, Kauai, Molokai, and Lanai. This segment's products are used in various commercial and residential applications, such as water heating, drying, cooking, power generation, and other uses, as well as for use in specialty vehicles. The company was founded in 2004 and is based in New York, New York.

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Industry, Sector and Symbol

Industry Petroleum products, not elsewhere classified
Sub-IndustryN/A
SectorMulti-Sector Conglomerates
CUSIPN/A
Phone212-231-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.81 billion
Cash Flow$5.7362 per share
Book Value$39.62 per share

Profitability

Net Income$451.20 million

Miscellaneous

Employees3,666
Market Cap$3.39 billion
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable

Macquarie Infrastructure (NYSE:MIC) Frequently Asked Questions

What is Macquarie Infrastructure's stock symbol?

Macquarie Infrastructure trades on the New York Stock Exchange (NYSE) under the ticker symbol "MIC."

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

Macquarie Infrastructure announced a quarterly dividend on Thursday, November 1st. Investors of record on Monday, November 12th will be given a dividend of $1.00 per share on Thursday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 10.11%. The ex-dividend date is Thursday, November 8th. View Macquarie Infrastructure's Dividend History.

How were Macquarie Infrastructure's earnings last quarter?

Macquarie Infrastructure Corp (NYSE:MIC) announced its quarterly earnings results on Wednesday, August, 1st. The conglomerate reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. The conglomerate earned $478.08 million during the quarter, compared to the consensus estimate of $441.10 million. Macquarie Infrastructure had a net margin of 25.26% and a return on equity of 5.81%. View Macquarie Infrastructure's Earnings History.

When is Macquarie Infrastructure's next earnings date?

Macquarie Infrastructure is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Macquarie Infrastructure.

What price target have analysts set for MIC?

7 brokerages have issued 12 month target prices for Macquarie Infrastructure's stock. Their forecasts range from $41.00 to $60.00. On average, they anticipate Macquarie Infrastructure's stock price to reach $48.00 in the next twelve months. This suggests a possible upside of 21.3% from the stock's current price. View Analyst Price Targets for Macquarie Infrastructure.

What is the consensus analysts' recommendation for Macquarie Infrastructure?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macquarie Infrastructure in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Macquarie Infrastructure.

Has Macquarie Infrastructure been receiving favorable news coverage?

News stories about MIC stock have been trending somewhat positive on Thursday, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Macquarie Infrastructure earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave media headlines about the conglomerate a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the next few days.

Who are some of Macquarie Infrastructure's key competitors?

What other stocks do shareholders of Macquarie Infrastructure own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Macquarie Infrastructure investors own include AT&T (T), Energy Transfer LP Unit (ET), Omega Healthcare Investors (OHI), New Residential Investment (NRZ), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Blackstone Group (BX), Kinder Morgan (KMI), Micron Technology (MU) and Uniti Group (UNIT).

Who are Macquarie Infrastructure's key executives?

Macquarie Infrastructure's management team includes the folowing people:
  • Mr. Liam Stewart, Chief Financial Officer (Age 41)
  • Mr. Christopher Timothy Frost, CEO & Director (Age 50)
  • Mr. Robert Choi CPA, Principal Accounting Officer
  • Mr. Jay Davis, VP & Head of Investor Relations (Age 60)
  • Mr. Michael Kernan, Gen. Counsel & Sec. (Age 60)

Who are Macquarie Infrastructure's major shareholders?

Macquarie Infrastructure's stock is owned by many different of retail and institutional investors. Top institutional investors include Macquarie Group Ltd. (14.60%), Dimensional Fund Advisors LP (3.17%), CIBC Private Wealth Group LLC (1.28%), Gabelli Funds LLC (1.14%), New Mountain Vantage Advisers L.L.C. (1.01%) and Millennium Management LLC (0.98%). Company insiders that own Macquarie Infrastructure stock include Christopher Frost, George W Carmany III, Group Ltd Macquarie, Henry E Lentz, Infrastructure Manag Macquarie, Jay Davis, Liam Stewart, Martin Stanley, Norman H Brown Jr and Ouma Sananikone. View Institutional Ownership Trends for Macquarie Infrastructure.

Which institutional investors are selling Macquarie Infrastructure stock?

MIC stock was sold by a variety of institutional investors in the last quarter, including Gabelli Funds LLC, New Mountain Vantage Advisers L.L.C., First Trust Advisors LP, GW&K Investment Management LLC, Nuveen Asset Management LLC, SG Americas Securities LLC, Chicago Partners Investment Group LLC and Quinn Opportunity Partners LLC. View Insider Buying and Selling for Macquarie Infrastructure.

Which institutional investors are buying Macquarie Infrastructure stock?

MIC stock was acquired by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund, Macquarie Group Ltd., D. E. Shaw & Co. Inc., Canada Pension Plan Investment Board, Telemus Capital LLC, Fishman Jay A Ltd. MI and Dimensional Fund Advisors LP. Company insiders that have bought Macquarie Infrastructure stock in the last two years include Christopher Frost, George W Carmany III, Group Ltd Macquarie, Henry E Lentz, Infrastructure Manag Macquarie, Jay Davis, Liam Stewart, Martin Stanley and Ouma Sananikone. View Insider Buying and Selling for Macquarie Infrastructure.

How do I buy shares of Macquarie Infrastructure?

Shares of MIC 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, Scottrade, Fidelity and Charles Schwab.

What is Macquarie Infrastructure's stock price today?

One share of MIC stock can currently be purchased for approximately $39.58.

How big of a company is Macquarie Infrastructure?

Macquarie Infrastructure has a market capitalization of $3.39 billion and generates $1.81 billion in revenue each year. The conglomerate earns $451.20 million in net income (profit) each year or $2.56 on an earnings per share basis. Macquarie Infrastructure employs 3,666 workers across the globe.

What is Macquarie Infrastructure's official website?

The official website for Macquarie Infrastructure is http://www.macquarie.com.

How can I contact Macquarie Infrastructure?

Macquarie Infrastructure's mailing address is 125 WEST 55TH STREET, NEW YORK NY, 10019. The conglomerate can be reached via phone at 212-231-1000 or via email at [email protected]


MarketBeat Community Rating for Macquarie Infrastructure (NYSE MIC)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  343 (Vote Outperform)
Underperform Votes:  320 (Vote Underperform)
Total Votes:  663
MarketBeat's community ratings are surveys of what our community members think about Macquarie Infrastructure and other stocks. Vote "Outperform" if you believe MIC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MIC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/21/2019 by MarketBeat.com Staff

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