Munro Partners Purchases 178,000 Shares of Brookfield Infrastructure Partners LP $BIP

Munro Partners boosted its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 99.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 356,240 shares of the utilities provider’s stock after acquiring an additional 178,000 shares during the period. Munro Partners’ holdings in Brookfield Infrastructure Partners were worth $12,376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JCIC Asset Management Inc. raised its stake in Brookfield Infrastructure Partners by 6.6% in the 4th quarter. JCIC Asset Management Inc. now owns 5,589 shares of the utilities provider’s stock valued at $194,000 after acquiring an additional 345 shares during the period. ProShare Advisors LLC boosted its stake in Brookfield Infrastructure Partners by 1.6% in the 3rd 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. boosted its stake in Brookfield Infrastructure Partners by 0.6% in 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 period. Public Sector Pension Investment Board boosted its stake in Brookfield Infrastructure Partners by 0.9% in 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 period. Finally, Empire Financial Management Company LLC grew its holdings 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 in the last quarter. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Trading Down 0.5%

Shares of Brookfield Infrastructure Partners stock opened at $38.10 on Tuesday. Brookfield Infrastructure Partners LP has a 12-month low of $29.63 and a 12-month high of $40.32. The company has a market cap of $17.63 billion, a price-to-earnings ratio of 57.72 and a beta of 1.05. 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 company’s 50-day moving average price is $37.58 and its 200-day moving average price is $36.70.

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

Brookfield Infrastructure Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given 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 is 275.76%.

Analyst Ratings Changes

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

Insider Buying and Selling at Brookfield Infrastructure Partners

In related news, CFO David Tyler Krant acquired 1,150 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $48.10 per share, for a total transaction of $55,315.00. Following the completion of the transaction, the chief financial officer owned 2,150 shares in the company, valued at approximately $103,415. This trade represents a 115.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.