Brookfield Infrastructure Partners LP $BIP Shares Sold by CI Investments Inc.

CI Investments Inc. lowered its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 0.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,871,311 shares of the utilities provider’s stock after selling 18,269 shares during the quarter. CI Investments Inc. owned approximately 0.62% of Brookfield Infrastructure Partners worth $103,712,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in Brookfield Infrastructure Partners by 2.6% during the first quarter. PNC Financial Services Group Inc. now owns 61,346 shares of the utilities provider’s stock worth $2,216,000 after buying an additional 1,531 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Brookfield Infrastructure Partners by 497.4% in the first quarter. Hillsdale Investment Management Inc. now owns 7,695 shares of the utilities provider’s stock valued at $278,000 after acquiring an additional 6,407 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the first quarter valued at $49,000. Sequoia Financial Advisors LLC boosted its stake in shares of Brookfield Infrastructure Partners by 0.9% during the first quarter. Sequoia Financial Advisors LLC now owns 497,642 shares of the utilities provider’s stock valued at $17,975,000 after acquiring an additional 4,422 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in Brookfield Infrastructure Partners by 2.8% during the 1st quarter. Kestra Advisory Services LLC now owns 70,522 shares of the utilities provider’s stock worth $2,547,000 after purchasing an additional 1,919 shares in the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Insider Activity at Brookfield Infrastructure Partners

In related news, CFO David Tyler Krant acquired 1,150 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $48.10 per share, for a total transaction of $55,315.00. Following the acquisition, the chief financial officer directly owned 2,150 shares in the company, valued at approximately $103,415. The trade was a 115.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Analyst Ratings Changes

Several research analysts recently weighed in on BIP shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $45.00 target price (up from $44.00) on shares of Brookfield Infrastructure Partners in a research note 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 note on Wednesday, May 13th. Morgan Stanley reiterated an “overweight” rating and set a $48.00 price target on shares of Brookfield Infrastructure Partners in a report on Tuesday. Finally, National Bank Financial boosted their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.88.

Brookfield Infrastructure Partners Price Performance

BIP stock opened at $39.50 on Wednesday. The stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 59.85 and a beta of 1.06. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.74. Brookfield Infrastructure Partners LP has a 52-week low of $29.63 and a 52-week high of $40.32. The stock’s fifty day simple moving average is $38.11 and its 200-day simple moving average is $37.13.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $6.30 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. Equities research analysts expect that Brookfield Infrastructure Partners LP will post 3.59 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.6%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 275.76%.

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.