UBS Group AG Decreases Holdings in Brookfield Infrastructure Partners LP $BIP

UBS Group AG cut its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 150,432 shares of the utilities provider’s stock after selling 18,563 shares during the period. UBS Group AG’s holdings in Brookfield Infrastructure Partners were worth $5,226,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BIP. Principal Financial Group Inc. boosted its holdings in Brookfield Infrastructure Partners by 10.1% in the 3rd quarter. Principal Financial Group Inc. now owns 31,975,602 shares of the utilities provider’s stock worth $1,051,678,000 after buying an additional 2,933,287 shares during the period. Intact Investment Management Inc. boosted its holdings in Brookfield Infrastructure Partners by 72.9% in the 3rd quarter. Intact Investment Management Inc. now owns 2,365,634 shares of the utilities provider’s stock worth $77,962,000 after buying an additional 997,680 shares during the period. Bank of Montreal Can boosted its holdings in Brookfield Infrastructure Partners by 3.4% in the 3rd quarter. Bank of Montreal Can now owns 28,289,627 shares of the utilities provider’s stock worth $930,446,000 after buying an additional 926,167 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Brookfield Infrastructure Partners by 62.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,989,756 shares of the utilities provider’s stock worth $65,550,000 after buying an additional 761,992 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Brookfield Infrastructure Partners by 9.1% in the 3rd quarter. CIBC Asset Management Inc now owns 7,969,421 shares of the utilities provider’s stock worth $262,303,000 after buying an additional 667,730 shares during the period. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Up 1.3%

Shares of NYSE BIP opened at $39.71 on Friday. The firm’s 50-day moving average price is $36.74 and its 200-day moving average price is $36.26. 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 stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 60.16 and a beta of 1.03. Brookfield Infrastructure Partners LP has a 12-month low of $29.63 and a 12-month high of $40.32.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.62. The firm had revenue of $6.30 billion for 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 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 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, May 29th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 275.76%.

Insider Activity

In other news, CFO David Tyler Krant acquired 1,150 shares of Brookfield Infrastructure Partners stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $48.10 per share, with a total value of $55,315.00. Following the transaction, 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 filing with the SEC, which is available at this link.

Wall Street Analyst Weigh In

Several analysts have commented on BIP shares. Weiss Ratings cut shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada boosted their price target on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. TD Securities reiterated a “buy” rating and issued a $57.00 price target (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Morgan Stanley boosted their price target on shares of Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, TD Cowen reiterated a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.86.

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.