CIBC Bancorp USA Inc. Makes New Investment in Brookfield Infrastructure Partners LP $BIP

CIBC Bancorp USA Inc. purchased a new position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 511,931 shares of the utilities provider’s stock, valued at approximately $16,917,000. CIBC Bancorp USA Inc. owned about 0.11% of Brookfield Infrastructure Partners at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Captrust Financial Advisors raised its holdings in Brookfield Infrastructure Partners by 2.2% in the 3rd quarter. Captrust Financial Advisors now owns 70,593 shares of the utilities provider’s stock worth $2,322,000 after purchasing an additional 1,509 shares during the period. Advisory Services Network LLC bought a new stake in Brookfield Infrastructure Partners during the third quarter valued at about $85,000. XTX Topco Ltd purchased a new stake in Brookfield Infrastructure Partners in the third quarter worth about $1,196,000. United Capital Financial Advisors LLC purchased a new stake in Brookfield Infrastructure Partners in the third quarter worth about $396,000. Finally, Voleon Capital Management LP bought a new position in shares of Brookfield Infrastructure Partners in the third quarter worth about $3,639,000. Institutional investors own 57.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Morgan Stanley set a $45.00 target price on shares of Brookfield Infrastructure Partners in a report on Wednesday, January 28th. TD Cowen restated a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Weiss Ratings upgraded shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and a consensus price target of $42.13.

Brookfield Infrastructure Partners Trading Up 1.9%

Shares of BIP stock opened at $36.44 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.81 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $16.78 billion, a price-to-earnings ratio of 40.49 and a beta of 1.10. Brookfield Infrastructure Partners LP has a 12-month low of $25.72 and a 12-month high of $40.32. The stock’s 50-day moving average price is $37.12 and its 200-day moving average price is $35.06.

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

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a dividend of $0.455 per share. The ex-dividend date is Friday, February 27th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 5.0%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. Brookfield Infrastructure Partners’s dividend payout ratio 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.