Credit Industriel ET Commercial Has $5.75 Million Stock Holdings in Brookfield Infrastructure Partners LP $BIP

Credit Industriel ET Commercial grew its holdings in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 582.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,940 shares of the utilities provider’s stock after buying an additional 149,315 shares during the quarter. Brookfield Infrastructure Partners accounts for about 0.5% of Credit Industriel ET Commercial’s holdings, making the stock its 29th biggest position. Credit Industriel ET Commercial’s holdings in Brookfield Infrastructure Partners were worth $5,754,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Brookfield Infrastructure Partners by 54.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 505,183 shares of the utilities provider’s stock valued at $16,615,000 after purchasing an additional 178,534 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Brookfield Infrastructure Partners by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 67,771 shares of the utilities provider’s stock worth $2,229,000 after purchasing an additional 400 shares during the last quarter. Wulff Hansen & CO. lifted its holdings in shares of Brookfield Infrastructure Partners by 5.2% in the third quarter. Wulff Hansen & CO. now owns 51,877 shares of the utilities provider’s stock valued at $1,706,000 after purchasing an additional 2,550 shares in the last quarter. Ameritas Advisory Services LLC boosted its position in shares of Brookfield Infrastructure Partners by 267.3% during the third quarter. Ameritas Advisory Services LLC now owns 11,680 shares of the utilities provider’s stock valued at $384,000 after buying an additional 8,500 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in Brookfield Infrastructure Partners by 9.5% during the third quarter. Public Sector Pension Investment Board now owns 48,962 shares of the utilities provider’s stock worth $1,614,000 after buying an additional 4,262 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Up 0.3%

Shares of BIP opened at $38.73 on Monday. Brookfield Infrastructure Partners LP has a fifty-two week low of $25.72 and a fifty-two week high of $39.85. The business has a 50-day moving average of $35.39 and a 200 day moving average of $33.84. The firm has a market cap of $17.86 billion, a P/E ratio of 43.03 and a beta of 1.12. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.81 and a current ratio of 0.08.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, January 29th. The utilities provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.42). The business had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $1.98 billion. Brookfield Infrastructure Partners had a return on equity of 3.22% and a net margin of 4.40%.Brookfield Infrastructure Partners’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS. As a group, research analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a $0.455 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.82 dividend on an annualized basis and a yield of 4.7%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 191.11%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BIP shares. TD Securities restated a “buy” rating and set a $57.00 price objective (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Royal Bank Of Canada increased their target price on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, January 30th. National Bank Financial increased their price objective on shares of Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Jefferies Financial Group set a $37.00 target price on Brookfield Infrastructure Partners and gave the stock a “hold” rating in a research note on Wednesday, October 29th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.13.

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.