Brookfield Infrastructure Partners LP $BIP Stock Position Raised by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 939.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,640 shares of the utilities provider’s stock after acquiring an additional 18,655 shares during the quarter. Global Retirement Partners LLC’s holdings in Brookfield Infrastructure Partners were worth $717,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter valued at approximately $42,000. Assetmark Inc. lifted its position in shares of Brookfield Infrastructure Partners by 544.1% in the 4th quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 1,061 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Brookfield Infrastructure Partners by 45.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 436 shares in the last quarter. Concord Wealth Partners purchased a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter valued at approximately $50,000. Finally, Pacifica Partners Inc. lifted its position in shares of Brookfield Infrastructure Partners by 1,248.7% in the 4th quarter. Pacifica Partners Inc. now owns 2,023 shares of the utilities provider’s stock valued at $69,000 after acquiring an additional 1,873 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 other Brookfield Infrastructure Partners news, CFO David Tyler Krant purchased 1,150 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price 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. This trade represents a 115.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BMO Capital Markets restated an “outperform” rating and issued a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. TD Securities reiterated a “buy” rating and issued a $57.00 target price (up from $55.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. TD Cowen reiterated a “buy” rating on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $45.00 target price on shares of Brookfield Infrastructure Partners in a research report on Tuesday. Finally, Morgan Stanley increased 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. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

Brookfield Infrastructure Partners Stock Down 1.9%

BIP stock opened at $38.89 on Wednesday. Brookfield Infrastructure Partners LP has a 12-month low of $29.63 and a 12-month high of $40.32. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.74. The company has a market cap of $18.00 billion, a price-to-earnings ratio of 58.92 and a beta of 1.03. The company has a 50 day moving average of $36.81 and a two-hundred day moving average of $36.36.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly 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. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. The company had revenue of $6.30 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the business posted $0.82 EPS. On average, equities analysts anticipate that Brookfield Infrastructure Partners LP will post 3.59 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.455 per share. The ex-dividend date is Friday, May 29th. This represents a $1.82 annualized dividend and a dividend yield of 4.7%. Brookfield Infrastructure Partners’s dividend payout ratio is 275.76%.

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.