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Brookfield Infrastructure Partners LP BIP.PR.B


Primary Symbol: BIP Alternate Symbol(s):  T.BIP.PR.A | T.BIP.PR.B | T.BIP.UN | T.BIP.PR.E | T.BIP.PR.F | BRIPF

Brookfield Infrastructure Partners L.P. is a global infrastructure company. The Company owns and operates in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. The Company’s segments include Utilities, Transport, Midstream, Data and Corporate. The Utilities segment consists of regulated transmission (natural gas and electricity) and commercial and residential distribution (electricity, natural gas, and water connections) operations. The Transport segment comprises infrastructure assets that provide transportation, storage and handling services for merchandise goods, commodities, and passengers. The Midstream segment comprises systems that provide natural gas transmission, gathering and processing, and storage services. The Data segment comprises critical infrastructure servicing customers in the telecommunications, fiber, and data storage sectors. It is also a data center provider.


NYSE:BIP - Post by User

Post by retiredcfon Feb 05, 2024 3:29pm
282 Views
Post# 35863794

Top Pick

Top PickSecond stock in the clip; she and her family also own it personally. GLTA

https://www.bnnbloomberg.ca/video/rebecca-teltscher-s-top-picks~2860961

Brookfield Infrastructure Partners (BIP.UN TSX)

Interest rate-sensitive sectors such as utilities and telcos came off hard in the first three quarters of 2023 as interest rates continued to climb. Once U.S. Fed policy pivoted at the end of the year, many of these stocks have not returned to previous highs. BIP.UN reached more than $50 in May and fell to almost $29 by October. The 42-per-cent drop was solely attributed to interest rates and market sentiment as the fundamentals of the company remained intact. The stock has since rebounded to $42, but we think there is potential for future growth. As serial capital recyclers, BIP continues to successfully buy undervalue assets and sell them at premium valuations. Their ability to sell assets to raise capital to self-fund growth is beneficial at a time where interest rates are elevated. BIP’s assets are diversified by geography and by segment with a much larger pool of opportunity than other traditional utilities. You are also getting paid a five per cent dividend that is growing 5-9 per cent annually with a conservative payout ratio.

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