Cibc World Market Inc. Buys 24,650 Shares of Brookfield Infrastructure Partners LP $BIP

Cibc World Market Inc. increased its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,688,284 shares of the utilities provider’s stock after buying an additional 24,650 shares during the quarter. Cibc World Market Inc. owned about 1.45% of Brookfield Infrastructure Partners worth $232,351,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. JCIC Asset Management Inc. increased its holdings 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 worth $194,000 after buying an additional 345 shares in the last quarter. ProShare Advisors LLC increased its holdings 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 buying an additional 390 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings 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 buying an additional 400 shares in the last quarter. Public Sector Pension Investment Board increased its holdings 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 buying an additional 400 shares in the last quarter. Finally, State of Wyoming increased its holdings in Brookfield Infrastructure Partners by 12.6% in the 2nd quarter. State of Wyoming now owns 3,649 shares of the utilities provider’s stock worth $122,000 after buying an additional 407 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Trading Up 0.0%

Shares of NYSE:BIP opened at $38.83 on Thursday. The stock has a market capitalization of $17.97 billion, a price-to-earnings ratio of 58.83 and a beta of 1.05. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.64 and a current ratio of 0.68. The stock’s 50-day simple moving average is $37.12 and its two-hundred day simple moving average is $36.51. Brookfield Infrastructure Partners LP has a 52-week low of $29.63 and a 52-week high of $40.32.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the firm posted $0.82 earnings per share. 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 will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Infrastructure Partners’s payout ratio is presently 275.76%.

Insider Buying and Selling at Brookfield Infrastructure Partners

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant purchased 1,150 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $48.10 per share, with a total value of $55,315.00. Following the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BIP shares. Weiss Ratings downgraded Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. National Bank Financial lifted their price objective on Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Finally, Morgan Stanley raised their target price on 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and a consensus target price of $44.63.

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.