CCLA Investment Management Has $163.63 Million Stake in Brookfield Infrastructure Partners LP $BIP

CCLA Investment Management raised its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,710,064 shares of the utilities provider’s stock after purchasing an additional 254,170 shares during the period. Brookfield Infrastructure Partners accounts for approximately 2.6% of CCLA Investment Management’s holdings, making the stock its 7th biggest position. CCLA Investment Management owned 1.02% of Brookfield Infrastructure Partners worth $163,627,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Westfuller Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at about $44,000. Sound Income Strategies LLC raised its position in shares of Brookfield Infrastructure Partners by 45.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the utilities provider’s stock valued at $49,000 after buying an additional 436 shares in the last quarter. City Holding Co. purchased a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at about $59,000. Caldwell Trust Co purchased a new stake in shares of Brookfield Infrastructure Partners during the 2nd quarter valued at about $66,000. Finally, Pacifica Partners Inc. raised its position in shares of Brookfield Infrastructure Partners by 1,248.7% during the 4th quarter. Pacifica Partners Inc. now owns 2,023 shares of the utilities provider’s stock valued at $69,000 after buying an additional 1,873 shares in the last quarter. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BIP. National Bank Financial upped their target price on shares of Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada upped their target price on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. TD Cowen restated a “buy” rating on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Scotiabank restated 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, BMO Capital Markets reissued an “outperform” rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.13.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners stock opened at $36.63 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.78 and a quick ratio of 0.75. Brookfield Infrastructure Partners LP has a 1-year low of $26.55 and a 1-year high of $40.32. The firm has a market capitalization of $16.96 billion, a P/E ratio of 40.70 and a beta of 1.11. The company’s 50-day moving average is $37.44 and its 200 day moving average is $35.59.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data 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 firm had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Brookfield Infrastructure Partners had a return on equity of 3.22% and a net margin of 4.40%.The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. Research analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were issued a $0.455 dividend. The ex-dividend date was Friday, February 27th. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. This represents a $1.82 dividend on an annualized basis and a dividend yield of 5.0%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 202.22%.

Brookfield Infrastructure Partners 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.