Clearbridge Investments LLC Raises Stock Holdings in Brookfield Infrastructure Partners LP $BIP

Clearbridge Investments LLC boosted its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 6.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 301,968 shares of the utilities provider’s stock after acquiring an additional 18,593 shares during the period. Clearbridge Investments LLC’s holdings in Brookfield Infrastructure Partners were worth $10,490,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BIP. Goldman Sachs Group Inc. raised its position in Brookfield Infrastructure Partners by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,802,475 shares of the utilities provider’s stock worth $53,696,000 after buying an additional 195,276 shares during the last quarter. Focus Partners Wealth boosted its holdings in Brookfield Infrastructure Partners by 8.5% in the first 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 during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Brookfield Infrastructure Partners in the second quarter worth approximately $2,595,000. Glenview Trust co purchased a new stake in Brookfield Infrastructure Partners in the second quarter worth approximately $201,000. Finally, Raymond James Financial Inc. boosted its holdings in Brookfield Infrastructure Partners by 8.8% in the second quarter. Raymond James Financial Inc. now owns 724,975 shares of the utilities provider’s stock worth $24,287,000 after purchasing an additional 58,511 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Insiders Place Their Bets

In other news, CFO David Tyler Krant purchased 1,150 shares of the stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $48.10 per share, with a total value of $55,315.00. Following the completion of the acquisition, the chief financial officer directly owned 2,150 shares of the company’s stock, valued at $103,415. This trade represents a 115.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $39.00 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.74. The business has a 50-day simple moving average of $37.47 and a two-hundred day simple moving average of $36.64. The stock has a market cap of $18.05 billion, a price-to-earnings ratio of 59.09 and a beta of 1.05. Brookfield Infrastructure Partners LP has a 52 week low of $29.63 and a 52 week high of $40.32.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.62. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.The business had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. On average, analysts expect that Brookfield Infrastructure Partners LP will post 3.59 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.82 annualized dividend and a yield of 4.7%. Brookfield Infrastructure Partners’s payout ratio is currently 275.76%.

Wall Street Analyst Weigh In

BIP has been the topic of several research reports. Weiss Ratings cut shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $45.00 target price (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. National Bank Financial upped their price objective on Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Finally, Morgan Stanley increased their target price on Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of “Moderate Buy” and an average price target of $44.63.

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.