185,950 Shares in Brookfield Infrastructure Partners LP $BIP Bought by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 185,950 shares of the utilities provider’s stock, valued at approximately $6,464,000.

Several other institutional investors also recently modified their holdings of the stock. Acumen Wealth Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its position in shares of Brookfield Infrastructure Partners by 225.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 975 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 675 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $42,000. Assetmark Inc. increased 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 buying an additional 1,061 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Brookfield Infrastructure Partners in the fourth quarter valued at about $45,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Brookfield Infrastructure Partners Trading Down 0.2%

NYSE BIP opened at $38.02 on Wednesday. Brookfield Infrastructure Partners LP has a 52 week low of $29.63 and a 52 week high of $40.32. 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 moving average price is $37.62 and its two-hundred day moving average price is $36.72. The stock has a market capitalization of $17.60 billion, a price-to-earnings ratio of 57.60 and a beta of 1.05.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share 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 during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business earned $0.82 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a dividend of $0.455 per share. The ex-dividend date is Friday, May 29th. This represents a $1.82 annualized dividend and a yield of 4.8%. Brookfield Infrastructure Partners’s dividend payout ratio is presently 275.76%.

Insiders Place Their Bets

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant purchased 1,150 shares of the stock in a transaction on Friday, May 1st. The shares were purchased 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 of the company’s stock, valued at approximately $103,415. This represents a 115.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.