Q1 2024 Earnings Estimate for Brookfield Infrastructure Partners L.P. Issued By National Bank Financial (NYSE:BIP)

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Equities researchers at National Bank Financial issued their Q1 2024 EPS estimates for Brookfield Infrastructure Partners in a research report issued to clients and investors on Tuesday, April 23rd. National Bank Financial analyst P. Kenny anticipates that the utilities provider will post earnings per share of $0.54 for the quarter. National Bank Financial currently has a “Sector Perform” rating on the stock. The consensus estimate for Brookfield Infrastructure Partners’ current full-year earnings is $3.30 per share.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, February 1st. The utilities provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). Brookfield Infrastructure Partners had a net margin of 1.34% and a return on equity of 0.79%. The firm had revenue of $4.97 billion during the quarter.

Several other brokerages have also issued reports on BIP. TD Securities dropped their target price on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. National Bankshares lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 target price for the company. in a research report on Tuesday, January 30th. BMO Capital Markets lifted their target price on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, January 10th. Jefferies Financial Group dropped their target price on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Finally, Raymond James lifted their target price on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.60.

Brookfield Infrastructure Partners Price Performance

BIP stock opened at $27.14 on Friday. The firm has a 50 day moving average of $28.91 and a 200-day moving average of $28.66. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.20. Brookfield Infrastructure Partners has a 12 month low of $21.03 and a 12 month high of $37.32. The firm has a market capitalization of $12.52 billion, a P/E ratio of 193.87 and a beta of 0.95.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Triasima Portfolio Management inc. purchased a new position in shares of Brookfield Infrastructure Partners in the fourth quarter worth $12,322,000. Stratos Wealth Partners LTD. purchased a new position in shares of Brookfield Infrastructure Partners in the fourth quarter worth $205,000. Dixon Mitchell Investment Counsel Inc. increased its stake in shares of Brookfield Infrastructure Partners by 71.2% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 765,686 shares of the utilities provider’s stock worth $24,266,000 after buying an additional 318,398 shares during the period. Nexus Investment Management ULC increased its stake in shares of Brookfield Infrastructure Partners by 8.2% in the fourth quarter. Nexus Investment Management ULC now owns 1,119,440 shares of the utilities provider’s stock worth $35,393,000 after buying an additional 84,749 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of Brookfield Infrastructure Partners by 1.1% in the third quarter. CIBC Asset Management Inc now owns 5,569,701 shares of the utilities provider’s stock worth $163,953,000 after buying an additional 60,510 shares during the period. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.405 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a dividend yield of 5.97%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 1,157.23%.

About Brookfield Infrastructure Partners

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 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.