Capital World Investors Has $1.08 Billion Stock Holdings in Brookfield Infrastructure Partners LP $BIP

Capital World Investors boosted its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 0.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,104,057 shares of the utilities provider’s stock after purchasing an additional 86,068 shares during the quarter. Capital World Investors owned 0.07% of Brookfield Infrastructure Partners worth $1,081,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BIP. Goldman Sachs Group Inc. raised its stake in Brookfield Infrastructure Partners by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,802,475 shares of the utilities provider’s stock worth $53,696,000 after purchasing an additional 195,276 shares in the last quarter. Focus Partners Wealth increased its holdings in Brookfield Infrastructure Partners by 8.5% in the 1st quarter. Focus Partners Wealth now owns 24,734 shares of the utilities provider’s stock valued at $737,000 after buying an additional 1,931 shares during the period. Qube Research & Technologies Ltd bought a new position in Brookfield Infrastructure Partners in the 2nd quarter valued at about $2,595,000. Glenview Trust co bought a new position in Brookfield Infrastructure Partners in the 2nd quarter valued at about $201,000. Finally, Raymond James Financial Inc. increased its holdings in Brookfield Infrastructure Partners by 8.8% in the 2nd quarter. Raymond James Financial Inc. now owns 724,975 shares of the utilities provider’s stock valued at $24,287,000 after buying an additional 58,511 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Wall Street Analysts Forecast Growth

BIP has been the topic of several recent analyst reports. Morgan Stanley raised their target price on shares of 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 lowered 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 reissued an “outperform” rating and issued a $45.00 target price (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Finally, National Bank Financial raised their target price 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 research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Brookfield Infrastructure Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.63.

Brookfield Infrastructure Partners Trading Up 0.1%

BIP opened at $38.82 on Monday. Brookfield Infrastructure Partners LP has a fifty-two week low of $29.63 and a fifty-two week high of $40.32. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.68 and a quick ratio of 0.64. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of 58.82 and a beta of 1.05. The company’s 50 day moving average price is $37.25 and its two-hundred day moving average price is $36.56.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.62. The firm had revenue of $6.30 billion for 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 period in the previous year, the firm posted $0.82 EPS. As a group, research analysts predict that Brookfield Infrastructure Partners LP will post 3.59 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 is Friday, May 29th. Brookfield Infrastructure Partners’s payout ratio is presently 275.76%.

Insider Activity

In related news, 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 of the company’s stock, valued at approximately $103,415. The trade was 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 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.