Brookfield Infrastructure Partners L.P. (NYSE:BIP – Free Report) (TSE:BIP.UN) – Equities research analysts at National Bank Financial issued their Q2 2024 earnings per share (EPS) estimates for shares of Brookfield Infrastructure Partners in a note issued to investors on Wednesday, July 24th. National Bank Financial analyst P. Kenny expects that the utilities provider will earn $0.55 per share for the quarter. The consensus estimate for Brookfield Infrastructure Partners’ current full-year earnings is $3.23 per share.
Brookfield Infrastructure Partners (NYSE:BIP – Get Free Report) (TSE:BIP.UN) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). Brookfield Infrastructure Partners had a return on equity of 1.23% and a net margin of 2.05%. The company had revenue of $5.19 billion during the quarter.
View Our Latest Analysis on Brookfield Infrastructure Partners
Brookfield Infrastructure Partners Trading Up 1.4 %
Shares of BIP opened at $31.29 on Monday. Brookfield Infrastructure Partners has a 1 year low of $21.03 and a 1 year high of $35.95. The stock has a 50 day simple moving average of $29.09 and a 200-day simple moving average of $29.44. The stock has a market cap of $14.51 billion, a PE ratio of 100.94 and a beta of 1.04.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in Brookfield Infrastructure Partners in the 4th quarter valued at $30,000. Heritage Wealth Advisors bought a new position in Brookfield Infrastructure Partners in the 4th quarter valued at $31,000. Bank & Trust Co bought a new position in Brookfield Infrastructure Partners in the 2nd quarter valued at $31,000. Clear Point Advisors Inc. bought a new position in Brookfield Infrastructure Partners in the 1st quarter valued at $33,000. Finally, Bromfield Sneider Wealth Advisors bought a new position in Brookfield Infrastructure Partners in the 1st quarter valued at $39,000. 57.92% of the stock is currently owned by institutional investors.
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.
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