Equities Analysts Set Expectations for Brookfield Infrastructure Partners L.P.’s Q1 2024 Earnings (NYSE:BIP)

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – National Bank Financial issued their Q1 2024 earnings per share estimates for Brookfield Infrastructure Partners in a note issued to 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 announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share (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 company had revenue of $4.97 billion for the quarter.

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

Brookfield Infrastructure Partners Stock Down 0.7 %

Shares of NYSE:BIP opened at $27.17 on Friday. The stock’s 50-day moving average price is $28.91 and its 200-day moving average price is $28.66. Brookfield Infrastructure Partners has a 12-month low of $21.03 and a 12-month high of $37.32. The stock has a market capitalization of $12.53 billion, a P/E ratio of 194.09 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 5.96%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 1,157.23%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Large investors have recently made changes to their positions in the business. AE Wealth Management LLC increased its position in shares of Brookfield Infrastructure Partners by 14.8% during the third quarter. AE Wealth Management LLC now owns 12,763 shares of the utilities provider’s stock valued at $375,000 after acquiring an additional 1,647 shares in the last quarter. Raymond James & Associates increased its position in shares of Brookfield Infrastructure Partners by 9.3% during the third quarter. Raymond James & Associates now owns 538,703 shares of the utilities provider’s stock valued at $15,838,000 after acquiring an additional 45,880 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Brookfield Infrastructure Partners by 20.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 56,487 shares of the utilities provider’s stock valued at $1,661,000 after acquiring an additional 9,592 shares in the last quarter. Beach Investment Counsel Inc. PA increased its position in shares of Brookfield Infrastructure Partners by 6.2% during the third quarter. Beach Investment Counsel Inc. PA now owns 164,443 shares of the utilities provider’s stock valued at $4,835,000 after acquiring an additional 9,600 shares in the last quarter. Finally, Independent Advisor Alliance bought a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at approximately $206,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

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.