Citigroup Inc. Acquires 40,908 Shares of Brookfield Infrastructure Partners LP $BIP

Citigroup Inc. raised its holdings in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 50.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 122,778 shares of the utilities provider’s stock after purchasing an additional 40,908 shares during the period. Citigroup Inc.’s holdings in Brookfield Infrastructure Partners were worth $4,038,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. AdvisorNet Financial Inc boosted its stake in shares of Brookfield Infrastructure Partners by 17.7% during the third quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 325 shares in the last quarter. Huntleigh Advisors Inc. boosted its position in Brookfield Infrastructure Partners by 3.3% during the 3rd quarter. Huntleigh Advisors Inc. now owns 10,974 shares of the utilities provider’s stock valued at $361,000 after acquiring an additional 354 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Brookfield Infrastructure Partners by 1.6% in the 3rd quarter. ProShare Advisors LLC now owns 25,357 shares of the utilities provider’s stock valued at $834,000 after acquiring an additional 390 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Brookfield Infrastructure Partners by 0.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 67,771 shares of the utilities provider’s stock worth $2,229,000 after acquiring an additional 400 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in shares of Brookfield Infrastructure Partners by 0.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock worth $1,494,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.

Analyst Upgrades and Downgrades

BIP has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research note on Monday, December 29th. National Bank Financial raised their price target on shares of Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. TD Securities reiterated 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. Scotiabank reissued an “outperform” rating and set a $44.00 target price on shares of Brookfield Infrastructure Partners in a research report on Friday, January 16th. Finally, Royal Bank Of Canada lifted their price target on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of “Moderate Buy” and a consensus target price of $42.13.

Brookfield Infrastructure Partners Stock Down 1.0%

NYSE:BIP opened at $38.92 on Thursday. The company has a current ratio of 0.08, a quick ratio of 0.81 and a debt-to-equity ratio of 1.68. Brookfield Infrastructure Partners LP has a twelve month low of $25.72 and a twelve month high of $40.32. The company has a market cap of $17.95 billion, a PE ratio of 43.25 and a beta of 1.10. The company’s 50 day moving average is $36.49 and its two-hundred day moving average is $34.58.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, January 29th. The utilities provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.42). Brookfield Infrastructure Partners had a return on equity of 3.22% and a net margin of 4.40%.The company had revenue of $6.30 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, February 27th. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 202.22%.

Brookfield Infrastructure Partners Company Profile

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.