Why Brookfield Infrastructure Partners Jumped Today
Brookfield Infrastructure Partners (NYSE: BIP) (NYSE: BIPC) has its hands in several global sectors. After reporting strong year-end results today, Brookfield Infrastructure jumped as much as 5%.
The limited partnership publicly trades in units, similar to how corporations issue stocks. As of 3:18 p.m. ET, the partnership's units were still higher by 4.4% as investors digested positive growth results from each of its segments. The strong underlying business performance has helped Brookfield return more than 5% over the last year, not including its quarterly distribution.
Brookfield's operating segments include utilities, transport, midstream energy, and data. For 2024, funds from operations (FFO) -- the cash-flow metric useful for investors in this format -- in its data segment jumped 21%. That was helped by new investments including three data center platforms and an Indian cell tower portfolio.
Source Fool.com
Brookfield Corp. Stock
Currently there is a rather positive sentiment for Brookfield Corp. with 17 Buy predictions and 10 Sell predictions.
With a target price of 59 € there is a positive potential of 48.24% for Brookfield Corp. compared to the current price of 39.8 €.
