Panic-Proof PortfolioTOP PICK
Brookfield Infrastructure Partners(BIPC-T)
05/09/2024
Stockchase Research Editor: Michael O'Reilly
We reiterate BIPC as a TOP PICK. The company has acquired 40 data centre sites, allowing it to exploit its utility expertise. It trades at 4x earnings and supports a robust ROE. We like that cash reserves are growing, while the company pays a reasonable dividend, backed by a payout ratio under 20% of cash flow. We recommend trailing up the stop (from $44) to $51, looking to achieve $65 -- upside potential of 18%. Yield 2.9%
Utilities
$54.94