After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Brookfield Infrastructure to Host Fourth Quarter 2023 Results Conference Call.
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Stocks Info
This NYSE-listed company operates within the Utilities – Diversified industry segment, falling under the Utilities sector. At the end of the last regular session, the stock closed at $30.33 and fluctuated between $30.60 as its day high and $29.76 as its day low. The current market capitalization of Brookfield Infrastructure Partners L.P is $14.02B. A total of 0.51 million shares were traded on the day, compared to an average of 752.05K shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, BIP has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 908,674 shares. Over the last 12 months, there were 18 BUYs and 3 SELLs from insiders. Insiders purchased 1,292,235 shares during that period but sold 1,283,141.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Brookfield Infrastructure Partners L.P pays an annual dividend of $1.53, resulting in a dividend yield of 5.04%, and it has a price to earnings (P/E) ratio of 90.94. BIP’s most recent ex-dividend date was 11/29/2023 when it declared a $0.3820 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 8/30/2023. The BIP stock dividend was $0.3820 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BIP in the last 3 months, the mean price target is $36.64 with high estimates of $45.00 and low estimates of $27.50. In terms of 52-week highs and lows, BIP has a high of $37.32 and a low of $21.03.
As of this writing, BIP has an earnings estimate of $0.29 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.37 per share and a lower estimate of $0.21. The company reported an EPS of $0.38 in the last quarter, which was 40.70% higher than expectations of $0.27.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BIP’s latest balance sheet shows that the firm has $1.81B in Cash & Short Term Investments as of fiscal 2021. There were $33.12B in debt and $8.66B in liabilities at the time. Its Book Value Per Share was $11.67, while its Total Shareholder’s Equity was $26.39B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BIP is Buy with a score of 4.63.
