LONDON, UK / ACCESSWIRE / December 28, 2017 / Active-Investors.com has just released a free research report on Brookfield Infrastructure Partners L.P. (NYSE: BIP) (“Brookfield”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BIP as the Company’s latest news hit the wire. On December 26, 2017, the Company announced that it has signed definitive agreements to sell its 27.8% interest in ETC Transmission Holdings, S.L., the parent Company of Transelec S.A., to China Southern Power Grid International Co., Ltd, for $1.3 billion. Transelec is the largest power transmission Company in Chile, where it serves approximately 98% of the country’s population with over 10,000 kilometers of electricity lines. Register today and get access to over 1000 Free Research Reports by joining our site below:
www.active-investors.com/registration-sg
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Brookfield Infrastructure Partners most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/?symbol=BIP
The Announcement
Brookfield sold its stake in Chile’s main electricity provider in order to dispose of mature infrastructure assets and to redeploy the proceeds in higher-returning opportunities. According to Sam Pollock, Chief Executive Officer (CEO) of Brookfield, in 2017, the Company has been focused on executing the next phase of its capital recycling program in an attempt to dispose of mature infrastructure assets. The proceeds from the sale of Transelec would be used to fund its backlog of organic growth projects, and the robust pipelines of its transactions.
Brookfield’s Recent Acquisitions
Brookfield has been on a growth spree lately owing to its expansion steps undertaken in 2016. During 2016, the Company secured more than $2 billion of acquisitions, including toll roads in India and Peru, in addition to a world-class container terminal business in Australia. Additionally, the Company leveraged Brazil’s weakening economy and political crisis to capture multiple electricity transmission projects. In April 2017, the Company closed the acquisition of a 90% stake in a natural gas transmission business from Petrobras (NYSE: PBR).
Q3 FY17 Results
On November 03, 2017, Brookfield reported its Q3 FY17 results for the quarter ended September 30, 2017. The Company observed a net income of $11 million during the quarter versus $78 million in Q3 FY16. According to the Company, while the net income was higher across the operating segments compared year-over-year to Q3 2016, the results were offset by the impact of non-cash movements owing to foreign currency hedges. Moreover, the Company’s funds from operations (FFO) advanced 28% to $301 million in Q3 FY17 over the previous quarter owing to the contribution from the acquisition of the regulated gas transmission business in Brazil.
In August 2017, Brookfield agreed to the acquisition of two well-located roads in southern India for $100 million. The roads, in the advanced stage of construction, were partially tolling, and are expected to be fully-commissioned in early 2018. Through this acquisition, the Company expanded its existing portfolio of Indian toll roads to over 600 kilometers. Moreover, the Company announced the closing of the acquisition of a Peruvian water irrigation system for about $15 million in Q3 FY17, subject to customary regulatory approvals.
Stock Performance Snapshot
December 27, 2017 – At Wednesday’s closing bell, Brookfield Infrastructure Partners’ stock rose 3.91%, ending the trading session at $45.72.
Volume traded for the day: 755.39 thousand shares, which was above the 3-month average volume of 278.32 thousand shares.
Stock performance in the last month – up 4.15%; previous three-month period – up 6.33%; past twelve-month period – up 36.97%; and year-to-date – up 36.60%
After yesterday’s close, Brookfield Infrastructure Partners’ market cap was at $17.43 billion.
Price to Earnings (P/E) ratio was at 173.84.
The stock has a dividend yield of 3.81%.
The stock is part of the Utilities sector, categorized under the Diversified Utilities industry. This sector was up 0.5% at the end of the session.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
ReleaseID: 485047