CIBC Private Wealth Group LLC Decreases Stake in Brookfield Infrastructure Partners LP $BIP

CIBC Private Wealth Group LLC cut its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 4.6% during the third quarter, HoldingsChannel reports. The firm owned 508,849 shares of the utilities provider’s stock after selling 24,474 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Brookfield Infrastructure Partners were worth $16,736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BIP. Westfuller Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth $44,000. City Holding Co. purchased a new position in Brookfield Infrastructure Partners in the third quarter valued at $59,000. Caldwell Trust Co acquired a new stake in Brookfield Infrastructure Partners in the second quarter valued at $66,000. AdvisorNet Financial Inc raised its stake in Brookfield Infrastructure Partners by 17.7% in the third quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock valued at $71,000 after buying an additional 325 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Brookfield Infrastructure Partners by 110.2% during the 3rd quarter. US Bancorp DE now owns 2,245 shares of the utilities provider’s stock worth $74,000 after buying an additional 1,177 shares during the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. National Bank Financial upped their price objective on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. TD Cowen restated a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $44.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Royal Bank Of Canada increased their price target on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, Weiss Ratings raised shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.13.

Brookfield Infrastructure Partners Stock Up 1.9%

Shares of NYSE BIP opened at $36.44 on Friday. The business has a 50-day moving average price of $37.12 and a 200 day moving average price of $35.06. The stock has a market cap of $16.78 billion, a PE ratio of 40.49 and a beta of 1.10. The company has a quick ratio of 0.81, a current ratio of 0.78 and a debt-to-equity ratio of 1.66. Brookfield Infrastructure Partners LP has a 52-week low of $25.72 and a 52-week high of $40.32.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, January 29th. The utilities provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.42). Brookfield Infrastructure Partners had a return on equity of 3.22% and a net margin of 4.40%.The firm had revenue of $6.30 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm earned $0.78 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. Brookfield Infrastructure Partners’s dividend payout ratio is presently 202.22%.

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.