Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Analysts at National Bank Financial issued their FY2020 earnings per share (EPS) estimates for shares of Brookfield Infrastructure Partners in a research note issued on Wednesday, February 6th. National Bank Financial analyst R. Merer expects that the utilities provider will post earnings of $3.82 per share for the year.
BIP has been the topic of several other research reports. Raymond James reaffirmed an “outperform” rating and set a $51.00 price target on shares of Brookfield Infrastructure Partners in a research report on Monday, November 5th. Credit Suisse Group set a $46.00 price target on shares of Brookfield Infrastructure Partners and gave the stock a “buy” rating in a research report on Friday, November 2nd. Citigroup reduced their price target on shares of Brookfield Infrastructure Partners from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, November 29th. Wells Fargo & Co reduced their price target on shares of Brookfield Infrastructure Partners from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. Finally, Zacks Investment Research raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.72.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Wednesday, February 6th. The utilities provider reported $0.82 EPS for the quarter, topping the 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 business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $870.84 million. During the same quarter last year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 45.1% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 28th will be issued a $0.502 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $2.01 dividend on an annualized basis and a yield of 5.00%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.47. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 318.64%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC bought a new position in Brookfield Infrastructure Partners in the fourth quarter worth about $31,000. Csenge Advisory Group bought a new position in Brookfield Infrastructure Partners in the third quarter worth about $45,000. AlphaMark Advisors LLC lifted its holdings in Brookfield Infrastructure Partners by 88.9% in the fourth quarter. AlphaMark Advisors LLC now owns 2,125 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 1,000 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in Brookfield Infrastructure Partners in the fourth quarter worth about $81,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Brookfield Infrastructure Partners by 307.2% in the third quarter. Tower Research Capital LLC TRC now owns 2,903 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 2,190 shares during the last quarter. 47.25% of the stock is currently owned by hedge funds and other institutional investors.
Brookfield Infrastructure Partners Company Profile
Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's 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 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.
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