Brookfield Infrastructure Partners LP $BIP Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 68.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,243,218 shares of the utilities provider’s stock after acquiring an additional 1,317,669 shares during the period. Goldman Sachs Group Inc.’s holdings in Brookfield Infrastructure Partners were worth $112,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. JCIC Asset Management Inc. increased its position in shares of Brookfield Infrastructure Partners by 6.6% in the 4th quarter. JCIC Asset Management Inc. now owns 5,589 shares of the utilities provider’s stock valued at $194,000 after acquiring an additional 345 shares during the period. ProShare Advisors LLC increased its holdings in shares of Brookfield Infrastructure Partners by 1.6% in the third quarter. ProShare Advisors LLC now owns 25,357 shares of the utilities provider’s stock valued at $834,000 after purchasing an additional 390 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Brookfield Infrastructure Partners by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 67,771 shares of the utilities provider’s stock valued at $2,229,000 after purchasing an additional 400 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of Brookfield Infrastructure Partners by 0.9% in the second quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock valued at $1,494,000 after purchasing an additional 400 shares during the period. Finally, State of Wyoming increased its holdings in shares of Brookfield Infrastructure Partners by 12.6% in the second quarter. State of Wyoming now owns 3,649 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 407 shares during the period. 57.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BIP. Weiss Ratings lowered 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 reissued 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. National Bank Financial increased 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, June 1st. Finally, Morgan Stanley increased 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. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of “Moderate Buy” and a consensus target price of $44.63.

Insider Buying and Selling

In related news, CFO David Tyler Krant bought 1,150 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of $48.10 per share, with a total value of $55,315.00. Following the completion of the acquisition, the chief financial officer directly owned 2,150 shares in the company, valued at approximately $103,415. The trade was a 115.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Brookfield Infrastructure Partners Stock Down 0.2%

Brookfield Infrastructure Partners stock opened at $38.72 on Tuesday. The firm has a market cap of $17.92 billion, a price-to-earnings ratio of 58.67 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 business’s 50-day moving average price is $37.31 and its 200 day moving average price is $36.59. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.74.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.28 by $0.62. The firm had revenue of $6.30 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $0.82 earnings per share. As a group, sell-side analysts anticipate that Brookfield Infrastructure Partners LP will post 3.59 earnings per share for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 275.76%.

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.