K2 Principal Fund L.P. Buys New Shares in Brookfield Infrastructure Partners LP $BIP

K2 Principal Fund L.P. purchased a new stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 124,900 shares of the utilities provider’s stock, valued at approximately $4,339,000.

Several other institutional investors have also added to or reduced their stakes in the company. JCIC Asset Management Inc. boosted its position in Brookfield Infrastructure Partners by 6.6% during the 4th quarter. JCIC Asset Management Inc. now owns 5,589 shares of the utilities provider’s stock valued at $194,000 after buying an additional 345 shares during the period. ProShare Advisors LLC boosted its position in Brookfield Infrastructure Partners by 1.6% during the 3rd quarter. ProShare Advisors LLC now owns 25,357 shares of the utilities provider’s stock valued at $834,000 after buying an additional 390 shares during the period. PNC Financial Services Group Inc. boosted its position 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 valued at $2,229,000 after buying an additional 400 shares during the period. Public Sector Pension Investment Board boosted its position 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 valued at $1,494,000 after buying an additional 400 shares during the period. Finally, Empire Financial Management Company LLC boosted its position in Brookfield Infrastructure Partners by 1.0% during the 4th quarter. Empire Financial Management Company LLC now owns 40,792 shares of the utilities provider’s stock valued at $1,417,000 after buying an additional 403 shares during the period. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Down 0.2%

NYSE:BIP opened at $38.31 on Friday. The company has a 50-day moving average price of $37.55 and a 200-day moving average price of $36.68. Brookfield Infrastructure Partners LP has a 12 month low of $29.63 and a 12 month high of $40.32. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 58.04 and a beta of 1.05.

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

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, May 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 275.76%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant purchased 1,150 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $48.10 per share, for a total transaction of $55,315.00. Following the purchase, the chief financial officer directly owned 2,150 shares in the company, valued at $103,415. The trade was a 115.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.