The Manufacturers Life Insurance Company Purchases 979,842 Shares of Brookfield Infrastructure Partners LP $BIP

The Manufacturers Life Insurance Company increased its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 55.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,761,387 shares of the utilities provider’s stock after buying an additional 979,842 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Brookfield Infrastructure Partners were worth $99,572,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors boosted its position in Brookfield Infrastructure Partners by 0.3% during the 4th 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. CIBC Asset Management Inc grew its holdings in Brookfield Infrastructure Partners by 7.4% in the 4th quarter. CIBC Asset Management Inc now owns 8,559,336 shares of the utilities provider’s stock worth $297,699,000 after acquiring an additional 589,915 shares during the last quarter. Scotia Capital Inc. increased its position in shares of Brookfield Infrastructure Partners by 6.2% in the third quarter. Scotia Capital Inc. now owns 7,367,383 shares of the utilities provider’s stock valued at $241,967,000 after acquiring an additional 431,557 shares during the period. TD Asset Management Inc increased its position in shares of Brookfield Infrastructure Partners by 3.8% in the fourth quarter. TD Asset Management Inc now owns 7,015,901 shares of the utilities provider’s stock valued at $244,192,000 after acquiring an additional 259,074 shares during the period. Finally, Cibc World Market Inc. raised its stake in shares of Brookfield Infrastructure Partners by 0.4% during the fourth quarter. Cibc World Market Inc. now owns 6,688,284 shares of the utilities provider’s stock valued at $232,351,000 after acquiring an additional 24,650 shares during the last quarter. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Stock Up 3.9%

Shares of NYSE BIP opened at $41.98 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74. Brookfield Infrastructure Partners LP has a 12 month low of $29.63 and a 12 month high of $42.00. The firm has a market capitalization of $19.43 billion, a PE ratio of 63.61 and a beta of 1.06. The firm has a fifty day simple moving average of $38.37 and a two-hundred day simple moving average of $37.36.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.28 by $0.62. The firm 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 last year, the company posted $0.82 EPS. Equities analysts expect that Brookfield Infrastructure Partners LP will post 3.63 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on BIP shares. Wall Street Zen lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings downgraded Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $48.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday, July 21st. National Bank Financial increased their price objective on Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a research report on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.88.

Insider Activity

In related news, CFO David Tyler Krant purchased 1,150 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $48.10 per share, with a total value of $55,315.00. Following the completion of the purchase, the chief financial officer directly owned 2,150 shares in the company, valued at approximately $103,415. This 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 at 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.