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

Brookfield Infrastructure Partners L.P. (NYSE:BIPFree Report) (TSE:BIP.UN) – Equities research analysts at National Bank Financial issued their Q1 2024 earnings estimates for shares of Brookfield Infrastructure Partners in a research report issued on Tuesday, April 23rd. National Bank Financial analyst P. Kenny anticipates that the utilities provider will post earnings of $0.54 per share 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:BIPGet Free Report) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $4.97 billion during the quarter.

A number of other research analysts have also weighed in on the stock. TD Securities cut 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. Raymond James boosted their target price on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. BMO Capital Markets boosted their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. Finally, Jefferies Financial Group dropped their price objective on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.60.

Read Our Latest Report on Brookfield Infrastructure Partners

Brookfield Infrastructure Partners Stock Down 0.8 %

BIP stock opened at $27.14 on Friday. The firm has a market cap of $12.52 billion, a PE ratio of 193.87 and a beta of 0.95. 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 1 year low of $21.03 and a 1 year high of $37.32. The company has a fifty day simple moving average of $28.91 and a 200 day simple moving average of $28.66.

Institutional Trading of Brookfield Infrastructure Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. bought a new stake in Brookfield Infrastructure Partners in the fourth quarter valued at about $30,000. Heritage Wealth Advisors acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth approximately $31,000. WFA Asset Management Corp lifted its position in shares of Brookfield Infrastructure Partners by 197.1% during the first quarter. WFA Asset Management Corp now owns 1,141 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 757 shares in the last quarter. Rational Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the third quarter valued at approximately $39,000. Finally, Bromfield Sneider Wealth Advisors acquired a new position in Brookfield Infrastructure Partners in the first quarter valued at approximately $39,000. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a $0.405 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a yield of 5.97%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. Brookfield Infrastructure Partners’s payout ratio is presently 1,157.23%.

About Brookfield Infrastructure Partners

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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.

Further Reading

Earnings History and Estimates for Brookfield Infrastructure Partners (NYSE:BIP)

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