BNP Paribas Financial Markets Has $8.82 Million Holdings in Brookfield Infrastructure Partners LP $BIP

BNP Paribas Financial Markets boosted its holdings in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 8.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 253,990 shares of the utilities provider’s stock after acquiring an additional 19,214 shares during the quarter. BNP Paribas Financial Markets’ holdings in Brookfield Infrastructure Partners were worth $8,824,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at approximately $42,000. Assetmark Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 544.1% in the fourth quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock valued at $44,000 after buying an additional 1,061 shares during the period. Hillsdale Investment Management Inc. bought a new stake in Brookfield Infrastructure Partners during the fourth quarter worth $45,000. Sound Income Strategies LLC lifted its stake in Brookfield Infrastructure Partners by 45.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,404 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 436 shares during the last quarter. Finally, Concord Wealth Partners bought a new stake in Brookfield Infrastructure Partners during the fourth quarter worth $50,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $38.72 on Tuesday. Brookfield Infrastructure Partners LP has a fifty-two week low of $29.63 and a fifty-two week high of $40.32. The stock has a market cap of $17.92 billion, a price-to-earnings ratio of 58.67 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 firm’s 50-day simple moving average is $37.31 and its 200 day simple moving average is $36.59.

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 for the quarter, beating 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 business had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the firm earned $0.82 EPS. As a group, research analysts anticipate that Brookfield Infrastructure Partners LP will post 3.59 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend 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 (DPR) is currently 275.76%.

Insider Activity at Brookfield Infrastructure Partners

In other news, CFO David Tyler Krant bought 1,150 shares of the company’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $48.10 per share, with a total value of $55,315.00. Following the transaction, the chief financial officer directly owned 2,150 shares in the company, valued at $103,415. This represents a 115.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings cut Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Morgan Stanley increased their price objective on Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $45.00 price target (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Finally, National Bank Financial increased their price target on Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and a consensus price target of $44.63.

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.