Lincluden Management Ltd. Acquires New Shares in Brookfield Infrastructure Partners LP $BIP

Lincluden Management Ltd. acquired a new stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 643,160 shares of the utilities provider’s stock, valued at approximately $22,343,000. Brookfield Infrastructure Partners comprises approximately 2.4% of Lincluden Management Ltd.’s investment portfolio, making the stock its 17th largest holding.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. lifted its holdings in 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 buying an additional 1,061 shares during the period. Westfuller Advisors LLC acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter worth about $44,000. Sound Income Strategies LLC lifted its holdings in Brookfield Infrastructure Partners by 45.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the utilities provider’s stock worth $49,000 after buying an additional 436 shares during the period. Concord Wealth Partners acquired a new position in Brookfield Infrastructure Partners during the 4th quarter worth about $50,000. Finally, City Holding Co. acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter worth about $59,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analyst Ratings Changes

BIP has been the topic of several recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $44.00 target price on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. TD Securities reaffirmed a “buy” rating and set a $57.00 target price (up from $55.00) on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Morgan Stanley raised Brookfield Infrastructure Partners from an “equal weight” rating to an “overweight” rating and set a $45.00 target price on the stock in a report on Monday, March 23rd. TD Cowen reaffirmed a “buy” rating on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Finally, Weiss Ratings raised Brookfield Infrastructure Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 18th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.13.

Brookfield Infrastructure Partners Stock Performance

Shares of Brookfield Infrastructure Partners stock opened at $35.35 on Wednesday. Brookfield Infrastructure Partners LP has a one year low of $28.91 and a one year high of $40.32. The firm has a market capitalization of $16.36 billion, a price-to-earnings ratio of 39.28 and a beta of 1.11. The business has a 50-day simple moving average of $37.05 and a 200 day simple moving average of $35.92. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.78 and a quick ratio of 0.75.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, January 29th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.42). Brookfield Infrastructure Partners had a net margin of 4.40% and a return on equity of 3.22%. The firm had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. On average, research analysts anticipate that Brookfield Infrastructure Partners LP will post 3.63 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. Brookfield Infrastructure Partners’s dividend payout ratio is presently 202.22%.

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.