Brookfield Infrastructure Partners LP $BIP Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 508,849 shares of the utilities provider’s stock after selling 24,474 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.11% of Brookfield Infrastructure Partners worth $16,736,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in Brookfield Infrastructure Partners by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,802,475 shares of the utilities provider’s stock valued at $53,696,000 after acquiring an additional 195,276 shares in the last quarter. Focus Partners Wealth lifted its stake in Brookfield Infrastructure Partners by 8.5% in the 1st quarter. Focus Partners Wealth now owns 24,734 shares of the utilities provider’s stock worth $737,000 after purchasing an additional 1,931 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Brookfield Infrastructure Partners by 113.5% during the 2nd quarter. SG Americas Securities LLC now owns 22,940 shares of the utilities provider’s stock worth $768,000 after purchasing an additional 12,196 shares during the last quarter. Creative Planning boosted its holdings in shares of Brookfield Infrastructure Partners by 1.0% during the 2nd quarter. Creative Planning now owns 65,536 shares of the utilities provider’s stock worth $2,195,000 after purchasing an additional 648 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Brookfield Infrastructure Partners by 10.5% in the second quarter. Cetera Investment Advisers now owns 49,538 shares of the utilities provider’s stock valued at $1,660,000 after purchasing an additional 4,710 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BIP shares. Scotiabank reiterated an “outperform” rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday, January 16th. TD Cowen reaffirmed a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. National Bank Financial lifted their price target on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. BMO Capital Markets reissued an “outperform” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Finally, Weiss Ratings raised shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and an average price target of $42.13.

Brookfield Infrastructure Partners Trading Up 1.9%

Shares of Brookfield Infrastructure Partners stock opened at $36.44 on Friday. The stock has a 50 day moving average of $37.12 and a 200 day moving average of $35.06. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.81 and a current ratio of 0.78. The firm 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 fifty-two week low of $25.72 and a fifty-two week high of $40.32.

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

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed 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. 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%. The ex-dividend date of this dividend is Friday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio is presently 202.22%.

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.