Epiq Partners LLC Sells 20,414 Shares of Brookfield Infrastructure Partners LP $BIP

Epiq Partners LLC decreased its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 19.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 82,998 shares of the utilities provider’s stock after selling 20,414 shares during the period. Brookfield Infrastructure Partners accounts for about 1.3% of Epiq Partners LLC’s portfolio, making the stock its 23rd largest holding. Epiq Partners LLC’s holdings in Brookfield Infrastructure Partners were worth $2,883,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc lifted its position in Brookfield Infrastructure Partners by 17.7% during the third quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock worth $71,000 after acquiring an additional 325 shares during the last quarter. Huntleigh Advisors Inc. grew its position in shares of Brookfield Infrastructure Partners by 3.3% in the third quarter. Huntleigh Advisors Inc. now owns 10,974 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 354 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Brookfield Infrastructure Partners by 1.6% during the third quarter. ProShare Advisors LLC now owns 25,357 shares of the utilities provider’s stock worth $834,000 after purchasing an additional 390 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 67,771 shares of the utilities provider’s stock worth $2,229,000 after purchasing an additional 400 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in 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 and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $36.41 on Friday. The stock has a fifty day moving average price of $37.18 and a 200-day moving average price of $35.10. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 40.46 and a beta of 1.10. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.81 and a current ratio of 0.78. 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 issued 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 company had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $1.98 billion. Brookfield Infrastructure Partners had a return on equity of 3.22% and a net margin of 4.40%.The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. As a group, equities analysts anticipate 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. Shareholders of record on Friday, February 27th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.82 annualized dividend and a yield of 5.0%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. Brookfield Infrastructure Partners’s payout ratio is 202.22%.

Analysts Set New Price Targets

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

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.