Deltroit Asset Management UK LLP Makes New $7.24 Million Investment in Brookfield Infrastructure Partners LP $BIP

Deltroit Asset Management UK LLP purchased a new position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the 4th quarter, Holdings Channel.com reports. The fund purchased 208,290 shares of the utilities provider’s stock, valued at approximately $7,236,000. Brookfield Infrastructure Partners comprises approximately 1.1% of Deltroit Asset Management UK LLP’s holdings, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BIP. Laurel Wealth Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at $42,000. Assetmark Inc. increased its holdings in shares of Brookfield Infrastructure Partners by 544.1% in the fourth quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 1,061 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at $45,000. Sound Income Strategies LLC increased its holdings in shares of Brookfield Infrastructure Partners by 45.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,404 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 436 shares during the last quarter. Finally, Concord Wealth Partners acquired a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at $50,000. 57.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BIP has been the topic of several research reports. National Bank Financial upped their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Morgan Stanley upped their price objective on shares of Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. 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 report on Tuesday, May 26th. Finally, Weiss Ratings downgraded shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.63.

Insider Activity

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant bought 1,150 shares of Brookfield Infrastructure Partners stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $48.10 per share, with a total value of $55,315.00. Following the completion of the transaction, the chief financial officer owned 2,150 shares in the company, valued at $103,415. The trade was a 115.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Brookfield Infrastructure Partners Trading Down 0.5%

Shares of Brookfield Infrastructure Partners stock opened at $38.82 on Friday. The firm has a 50-day moving average of $37.25 and a 200-day moving average of $36.56. The stock has a market cap of $17.97 billion, a PE ratio of 58.82 and a beta of 1.05. Brookfield Infrastructure Partners LP has a 52-week low of $29.63 and a 52-week high of $40.32. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.64 and a current ratio of 0.68.

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 analysts’ consensus estimates of $0.28 by $0.62. The company 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 quarter in the previous year, the business posted $0.82 earnings per share. As a group, sell-side analysts forecast that Brookfield Infrastructure Partners LP will post 3.59 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

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 $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Infrastructure Partners’s payout ratio is presently 275.76%.

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.