Brookfield Infrastructure $BIP Current price: $54.09 Targ | 🚀 Robin Rocket

Brookfield Infrastructure $BIP

Current price: $54.09
Target price: $57

Brookfield Infrastructure is a globally diversified company specializing in utilities, intermediate energy, transportation and data.

Assets generate predictable cash flows backed by long-term contracts and government-regulated rates. This gives the company money to pay out above average dividends - a yield of 3.5% at current share prices - and expand its operations.

Brookfield recently completed the acquisition of Canadian oil infrastructure company Inter Pipeline in a C$16 billion ($12.7 billion) deal.

Company growth is facilitated by a combination of higher rates on existing contracts, increased volumes and expansion projects.

Management expects additional growth potential of up to 5% per annum as the company makes more and more profitable acquisitions.

Not an investment recommendation.