Ninepoint Partners LP Makes New $2.45 Million Investment in Brookfield Infrastructure Partners LP $BIP

Ninepoint Partners LP bought a new stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 149,888 shares of the utilities provider’s stock, valued at approximately $2,452,000.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BIP shares. Weiss Ratings upgraded Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Wall Street Zen lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Citigroup reiterated a “neutral” rating and issued a $41.00 target price (up from $37.00) on shares of Brookfield Infrastructure Partners in a report on Monday, August 3rd. Morgan Stanley restated an “overweight” rating and issued a $50.00 price target on shares of Brookfield Infrastructure Partners in a report on Wednesday, August 12th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $47.00 price objective (up from $45.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.33.

Brookfield Infrastructure Partners Stock Down 0.8%

Brookfield Infrastructure Partners stock opened at $39.09 on Friday. Brookfield Infrastructure Partners LP has a 1-year low of $29.94 and a 1-year high of $44.03. The business has a fifty day moving average price of $38.64 and a 200-day moving average price of $37.95. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.89 and a quick ratio of 0.84. The stock has a market capitalization of $18.00 billion, a price-to-earnings ratio of 63.05 and a beta of 1.05.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.73. Brookfield Infrastructure Partners had a return on equity of 2.63% and a net margin of 3.51%.The company had revenue of $6.48 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the company posted $0.81 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. Equities research analysts forecast that Brookfield Infrastructure Partners LP will post 3.66 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.455 per share. The ex-dividend date is Monday, August 31st. This represents a $1.82 annualized dividend and a dividend yield of 4.7%. Brookfield Infrastructure Partners’s dividend payout ratio is 293.55%.

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.