Clearbridge Investments LLC Increases Stake in Brookfield Infrastructure Partners LP $BIP

Clearbridge Investments LLC lifted its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 301,968 shares of the utilities provider’s stock after buying an additional 18,593 shares during the quarter. Clearbridge Investments LLC owned about 0.07% of Brookfield Infrastructure Partners worth $10,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital World Investors increased its position in shares of Brookfield Infrastructure Partners by 0.3% during the fourth quarter. Capital World Investors now owns 31,104,057 shares of the utilities provider’s stock valued at $1,081,181,000 after buying an additional 86,068 shares during the period. Tacita Capital Inc increased its position in shares of Brookfield Infrastructure Partners by 0.5% during the fourth quarter. Tacita Capital Inc now owns 143,021 shares of the utilities provider’s stock valued at $4,974,000 after buying an additional 754 shares during the period. Deltroit Asset Management UK LLP purchased a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at about $7,236,000. State of Wyoming lifted its stake in shares of Brookfield Infrastructure Partners by 66.7% in the 4th quarter. State of Wyoming now owns 9,401 shares of the utilities provider’s stock valued at $327,000 after purchasing an additional 3,761 shares during the period. Finally, TD Asset Management Inc lifted its stake in shares of Brookfield Infrastructure Partners by 3.8% in the 4th quarter. TD Asset Management Inc now owns 7,015,901 shares of the utilities provider’s stock valued at $244,192,000 after purchasing an additional 259,074 shares during the period. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Up 0.9%

Shares of Brookfield Infrastructure Partners stock opened at $39.00 on Thursday. 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 has a market capitalization of $18.05 billion, a PE ratio of 59.09 and a beta of 1.05. Brookfield Infrastructure Partners LP has a 52-week low of $29.63 and a 52-week high of $40.32. The company has a 50-day simple moving average of $37.47 and a two-hundred day simple moving average of $36.64.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued 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. The business had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. During the same period in the previous year, the company earned $0.82 earnings per share. On average, analysts anticipate that Brookfield Infrastructure Partners LP will post 3.59 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

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

Insider Buying and Selling

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant bought 1,150 shares of the business’s stock in a transaction on 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 purchase, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley raised their target price on Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Weiss Ratings cut Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $45.00 target price (up from $44.00) on shares of Brookfield Infrastructure Partners in a research report on Tuesday, May 26th. Finally, National Bank Financial upped their target price on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock 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 issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.63.

Brookfield Infrastructure Partners 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.