CIBC Asset Management Inc Buys 667,730 Shares of Brookfield Infrastructure Partners LP $BIP

CIBC Asset Management Inc raised its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 9.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,969,421 shares of the utilities provider’s stock after purchasing an additional 667,730 shares during the quarter. CIBC Asset Management Inc owned 1.72% of Brookfield Infrastructure Partners worth $262,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Westfuller Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at $44,000. City Holding Co. bought a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth approximately $59,000. Caldwell Trust Co purchased a new stake in shares of Brookfield Infrastructure Partners in the second quarter worth $66,000. AdvisorNet Financial Inc raised its holdings in shares of Brookfield Infrastructure Partners by 17.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock valued at $71,000 after acquiring an additional 325 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in Brookfield Infrastructure Partners by 23.1% in the second quarter. Harbour Investments Inc. now owns 2,523 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 474 shares in the last quarter. Institutional investors own 57.92% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley set a $44.00 price target on Brookfield Infrastructure Partners in a research report on Tuesday, December 2nd. Scotiabank reissued an “outperform” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 16th. National Bankshares increased their price objective on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Wall Street Zen raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.63.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP opened at $35.26 on Friday. Brookfield Infrastructure Partners LP has a 52-week low of $25.72 and a 52-week high of $36.58. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.68. The firm’s 50-day moving average price is $34.93 and its 200-day moving average price is $33.31. The company has a market cap of $16.26 billion, a PE ratio of 52.62 and a beta of 1.10.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.42). Brookfield Infrastructure Partners had a net margin of 3.70% and a return on equity of 2.74%. The firm had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the company earned $0.76 earnings per share. Brookfield Infrastructure Partners’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, November 28th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.9%. The ex-dividend date was Friday, November 28th. Brookfield Infrastructure Partners’s payout ratio is 256.72%.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.