Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Raymond James increased their Q4 2021 earnings per share (EPS) estimates for shares of Brookfield Infrastructure Partners in a report issued on Wednesday, September 22nd. Raymond James analyst F. Bastien now expects that the utilities provider will post earnings of $0.92 per share for the quarter, up from their previous estimate of $0.86. Raymond James has a “Outperform” rating and a $65.00 price target on the stock. Raymond James also issued estimates for Brookfield Infrastructure Partners’ Q4 2022 earnings at $1.09 EPS and FY2022 earnings at $4.25 EPS.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, August 5th. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.22). The business had revenue of $2.66 billion during the quarter. Brookfield Infrastructure Partners had a net margin of 7.12% and a return on equity of 3.55%.
BIP stock opened at $55.88 on Friday. The firm’s fifty day simple moving average is $55.73 and its 200-day simple moving average is $54.72. The company has a market capitalization of $16.50 billion, a P/E ratio of 41.70 and a beta of 0.77. Brookfield Infrastructure Partners has a 12 month low of $42.29 and a 12 month high of $58.58.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Tuesday, August 31st will be issued a $0.51 dividend. The ex-dividend date is Monday, August 30th. This represents a $2.04 annualized dividend and a yield of 3.65%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 582.86%.
A number of large investors have recently modified their holdings of the stock. Truvestments Capital LLC raised its holdings in Brookfield Infrastructure Partners by 2.0% in the first quarter. Truvestments Capital LLC now owns 10,174 shares of the utilities provider’s stock valued at $542,000 after acquiring an additional 201 shares in the last quarter. Clearstead Advisors LLC raised its holdings in Brookfield Infrastructure Partners by 1.1% during the second quarter. Clearstead Advisors LLC now owns 22,007 shares of the utilities provider’s stock worth $1,222,000 after purchasing an additional 250 shares in the last quarter. Private Advisor Group LLC raised its holdings in Brookfield Infrastructure Partners by 1.2% during the second quarter. Private Advisor Group LLC now owns 22,161 shares of the utilities provider’s stock worth $1,231,000 after purchasing an additional 257 shares in the last quarter. Advisors Capital Management LLC raised its holdings in Brookfield Infrastructure Partners by 4.6% during the second quarter. Advisors Capital Management LLC now owns 6,161 shares of the utilities provider’s stock worth $342,000 after purchasing an additional 269 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Brookfield Infrastructure Partners by 102.7% during the second quarter. Sound Income Strategies LLC now owns 592 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 300 shares in the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.
Brookfield Infrastructure Partners Company Profile
Brookfield Infrastructure Partners LP is an infrastructure company, which engages in the management of diversified portfolio of infrastructure assets that will generate sustainable and growing distributions over the long-term for unit holders. It operates through the following segments: Utilities, Transport, Energy, Data Infrastructure, and Corporate.
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