Scotiabank Sees Long-Term Tailwinds Supporting Brookfield Infrastructure Partners L.P. (BIP)

Core Viewpoint - Brookfield Infrastructure Partners L.P. (NYSE:BIP) is recognized as a strong investment opportunity, supported by favorable industry trends and growth expectations in funds from operations per share [2][4]. Group 1: Price Target and Ratings - Scotiabank has raised its price target for Brookfield Infrastructure Partners L.P. to $44 from $41, maintaining an Outperform rating [2]. - The price target update is part of a broader review of energy infrastructure stocks under Scotiabank's coverage [2]. Group 2: Industry Trends and Growth Drivers - Strong power demand and increasing LNG exports are identified as key industry trends that create investment opportunities for Brookfield [3]. - Scotiabank anticipates an upward bias in long-term estimates for the energy infrastructure sector due to these supportive trends [3]. Group 3: Company Growth Expectations - Brookfield expects to grow funds from operations per share by over 10% annually in the long run, with potential growth closer to 14% in the medium term [4]. - Contributing factors to this growth include inflation-linked rate increases, rising volumes from global economic growth, ongoing capital projects, and acquisitions [4]. Group 4: Dividend Outlook - The current dividend yield for Brookfield is approximately 4.9%, with management projecting annual payout increases of about 5% to 9% [5]. - The anticipated earnings growth is a key factor supporting the sustainability of the dividend [5]. Group 5: Company Overview - Brookfield Infrastructure Partners L.P. operates globally with long-life assets across utilities, transport, midstream, and data infrastructure in the U.S., Asia Pacific, and Europe [5].