Brookfield Infrastructure Partners (NYSE:BIP) CFO David Tyler Krant Acquires 1,150 Shares

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) CFO David Tyler Krant bought 1,150 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP stock opened at $36.31 on Wednesday. The firm has a market capitalization of $16.81 billion, a PE ratio of 55.01 and a beta of 1.03. The firm has a fifty day simple moving average of $36.89 and a two-hundred day simple moving average of $35.94. The company has a current ratio of 0.04, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. Brookfield Infrastructure Partners LP has a 12 month low of $29.63 and a 12 month high of $40.32.

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, beating analysts’ consensus estimates of $0.28 by $0.62. The business had revenue of $6.30 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $0.82 EPS. Analysts forecast that Brookfield Infrastructure Partners LP will post 3.63 EPS 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. Shareholders of record on Friday, May 29th will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, May 29th. Brookfield Infrastructure Partners’s payout ratio is 275.76%.

Analyst Ratings Changes

A number of analysts have commented on BIP shares. BMO Capital Markets restated an “outperform” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. TD Cowen restated a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Morgan Stanley upgraded shares of Brookfield Infrastructure Partners from an “equal weight” rating to an “overweight” rating and set a $45.00 price target for the company in a research note on Monday, March 23rd. TD Securities restated a “buy” rating and set a $57.00 price target (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Finally, Royal Bank Of Canada boosted their price target on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.71.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of hedge funds have recently made changes to their positions in BIP. Acumen Wealth Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter worth $26,000. Smartleaf Asset Management LLC raised its stake in shares of Brookfield Infrastructure Partners by 225.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 975 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 675 shares during the period. Laurel Wealth Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter worth $42,000. Westfuller Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth $44,000. Finally, Assetmark Inc. raised its stake in shares of Brookfield Infrastructure Partners by 544.1% during the 4th quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 1,061 shares during the period. 57.92% of the stock is currently owned by institutional investors.

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.