National Bank Financial Predicts BIP FY2025 Earnings

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – National Bank Financial lowered their FY2025 earnings estimates for Brookfield Infrastructure Partners in a note issued to investors on Thursday, May 1st. National Bank Financial analyst P. Kenny now forecasts that the utilities provider will earn $3.33 per share for the year, down from their prior estimate of $3.45. The consensus estimate for Brookfield Infrastructure Partners’ current full-year earnings is $3.45 per share.

A number of other analysts have also weighed in on the company. TD Securities upped their target price on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Citigroup lowered their price target on shares of Brookfield Infrastructure Partners from $34.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Finally, Scotiabank increased their target price on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $41.67.

Brookfield Infrastructure Partners Trading Down 0.3 %

NYSE:BIP opened at $30.88 on Monday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. The firm has a 50-day simple moving average of $29.13 and a 200-day simple moving average of $31.86. Brookfield Infrastructure Partners has a one year low of $25.72 and a one year high of $36.50. The firm has a market cap of $14.33 billion, a P/E ratio of 772.12 and a beta of 1.07.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $2 billion. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. During the same period in the prior year, the business earned $0.78 EPS.

Institutional Trading of Brookfield Infrastructure Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIP. Principal Financial Group Inc. boosted its position in Brookfield Infrastructure Partners by 12.0% in the fourth quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider’s stock valued at $848,018,000 after buying an additional 2,866,195 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter worth $22,033,000. Guardian Capital LP purchased a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth $21,099,000. Mackenzie Financial Corp boosted its holdings in Brookfield Infrastructure Partners by 8.0% in the fourth quarter. Mackenzie Financial Corp now owns 8,784,509 shares of the utilities provider’s stock valued at $278,858,000 after purchasing an additional 650,892 shares during the last quarter. Finally, Intact Investment Management Inc. grew its position in Brookfield Infrastructure Partners by 52.1% during the 4th quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider’s stock worth $55,477,000 after purchasing an additional 598,290 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure Partners’s payout ratio is -8,600.00%.

Brookfield Infrastructure Partners Company Profile

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.