Cibc World Market Inc. Purchases 24,650 Shares of Brookfield Infrastructure Partners LP $BIP

Cibc World Market Inc. grew its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,688,284 shares of the utilities provider’s stock after acquiring an additional 24,650 shares during the quarter. Cibc World Market Inc.’s holdings in Brookfield Infrastructure Partners were worth $232,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in BIP. Goldman Sachs Group Inc. increased its stake in Brookfield Infrastructure Partners by 68.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,243,218 shares of the utilities provider’s stock worth $112,669,000 after acquiring an additional 1,317,669 shares during the last quarter. Bank of Montreal Can increased its position in shares of Brookfield Infrastructure Partners by 3.4% during the 3rd quarter. Bank of Montreal Can now owns 28,289,627 shares of the utilities provider’s stock valued at $930,446,000 after purchasing an additional 926,167 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Brookfield Infrastructure Partners by 62.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,989,756 shares of the utilities provider’s stock valued at $65,550,000 after purchasing an additional 761,992 shares during the last quarter. Lincluden Management Ltd. bought a new position in shares of Brookfield Infrastructure Partners during the 4th quarter valued at approximately $22,343,000. Finally, CIBC Asset Management Inc increased its position in shares of Brookfield Infrastructure Partners by 7.4% during the 4th quarter. CIBC Asset Management Inc now owns 8,559,336 shares of the utilities provider’s stock valued at $297,699,000 after purchasing an additional 589,915 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

BIP opened at $38.83 on Thursday. Brookfield Infrastructure Partners LP has a 12-month low of $29.63 and a 12-month high of $40.32. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74. The business’s fifty day simple moving average is $37.12 and its 200-day simple moving average is $36.51. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 58.83 and a beta of 1.05.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.62. The business had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $2.13 billion. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.During the same quarter in the prior year, the company earned $0.82 EPS. On average, equities research analysts anticipate that Brookfield Infrastructure Partners LP will post 3.59 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 dividend yield of 4.7%. The ex-dividend date is Friday, May 29th. Brookfield Infrastructure Partners’s dividend payout ratio is 275.76%.

Analysts Set New Price Targets

A number of research firms recently issued reports on BIP. Morgan Stanley boosted 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 cut 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 restated an “outperform” rating and set a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Finally, National Bank Financial boosted their price objective on Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Monday. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Brookfield Infrastructure Partners presently has an average rating of “Moderate Buy” and a consensus price target of $44.63.

Insider Buying and Selling at Brookfield Infrastructure Partners

In related news, CFO David Tyler Krant acquired 1,150 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was 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 directly owned 2,150 shares of the company’s stock, valued at $103,415. This trade represents a 115.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

About Brookfield Infrastructure Partners

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.