According to Zacks, “BROOKFIELD INFRASTRUCTURE PARTNERS L.P. was established by Brookfield Asset Management as its primary vehicle to own and operate certain infrastructure assets on a global basis. Brookfield Infrastructure operates high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. Its current business consists of the ownership and operation of premier electricity transmission systems and timberlands in North and South America, and it seeks acquisition opportunities in other infrastructure sectors with similar attributes. “
A number of other analysts also recently weighed in on BIP. Credit Suisse Group reaffirmed a buy rating and set a $46.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, December 21st. Raymond James reissued an outperform rating and issued a $49.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, February 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $45.56.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Wednesday, February 6th. The utilities provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.01. Brookfield Infrastructure Partners had a net margin of 7.46% and a return on equity of 2.82%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $870.84 million. During the same quarter in the prior year, the firm posted $0.80 EPS. The firm’s quarterly revenue was up 45.1% on a year-over-year basis. On average, research analysts forecast that Brookfield Infrastructure Partners will post 3.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 28th were paid a $0.502 dividend. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $2.01 annualized dividend and a yield of 4.80%. Brookfield Infrastructure Partners’s dividend payout ratio is presently 340.68%.
Large investors have recently modified their holdings of the stock. Laurel Wealth Advisors LLC bought a new position in Brookfield Infrastructure Partners in the 4th quarter valued at approximately $31,000. Csenge Advisory Group bought a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $45,000. Truvestments Capital LLC bought a new position in Brookfield Infrastructure Partners in the 1st quarter valued at approximately $53,000. Bronfman E.L. Rothschild L.P. lifted its stake in Brookfield Infrastructure Partners by 51.3% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,064 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 700 shares during the last quarter. Finally, ERTS Wealth Advisors LLC bought a new position in Brookfield Infrastructure Partners in the 4th quarter valued at approximately $72,000. 38.11% of the stock is owned by institutional investors and hedge funds.
Brookfield Infrastructure Partners Company Profile
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.
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