Brookfield Infrastructure Partners L.P. (ticker BIP) is an infrastructure asset management company headquartered in Ontario, Canada. The company’s portfolio is quite diversified and spread across the world. However, the majority of the assets owned by the company operate in the energy sector.
In April 2023, Brookfield Infrastructure Partners L.P. agreed to acquire the intermodal freight containers’ lessor, Triton International Limited for $13.3 billion in a cash and stock deal. The acquisition was completed on September 28, 2023 after the companies received all the necessary regulatory approvals.
Brookfield Infrastructure Partners L.P. is not only an undervalued energy stock according to analysts, but also has a very attractive valuation. As of October 23, the company is trading at a trailing twelve-month price-to-earnings ratio of 3.11.