CI Investments Inc. Lowers Stock Position in Brookfield Infrastructure Partners LP $BIP

CI Investments Inc. cut its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 0.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,871,311 shares of the utilities provider’s stock after selling 18,269 shares during the quarter. CI Investments Inc.’s holdings in Brookfield Infrastructure Partners were worth $103,712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BIP. JPMorgan Chase & Co. lifted its stake in shares of Brookfield Infrastructure Partners by 54.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 505,183 shares of the utilities provider’s stock valued at $16,615,000 after purchasing an additional 178,534 shares in the last quarter. SG Americas Securities LLC increased its position in Brookfield Infrastructure Partners by 106.3% during the 4th quarter. SG Americas Securities LLC now owns 70,614 shares of the utilities provider’s stock worth $2,453,000 after purchasing an additional 36,382 shares in the last quarter. Intact Investment Management Inc. raised its holdings in Brookfield Infrastructure Partners by 1.3% in the fourth quarter. Intact Investment Management Inc. now owns 2,395,384 shares of the utilities provider’s stock valued at $83,261,000 after buying an additional 29,750 shares during the period. CIBC Asset Management Inc raised its holdings in Brookfield Infrastructure Partners by 7.4% in the fourth quarter. CIBC Asset Management Inc now owns 8,559,336 shares of the utilities provider’s stock valued at $297,699,000 after buying an additional 589,915 shares during the period. Finally, Deltroit Asset Management UK LLP acquired a new position in Brookfield Infrastructure Partners during the fourth quarter valued at approximately $7,236,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Brookfield Infrastructure Partners

In other news, CFO David Tyler Krant bought 1,150 shares of Brookfield Infrastructure Partners stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost 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 approximately $103,415. This trade represents a 115.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

Several research firms have issued reports on BIP. National Bank Financial boosted their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Weiss Ratings downgraded shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Morgan Stanley restated an “overweight” rating and set a $48.00 target price on shares of Brookfield Infrastructure Partners in a report on Tuesday. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $45.00 price target (up from $44.00) on shares of Brookfield Infrastructure Partners in a research report on Tuesday, May 26th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.88.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE:BIP opened at $39.50 on Wednesday. The company has a market cap of $18.28 billion, a P/E ratio of 59.85 and a beta of 1.06. 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 LP has a one year low of $29.63 and a one year high of $40.32. The business’s 50-day simple moving average is $38.11 and its 200 day simple moving average is $37.13.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly 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 in the previous year, the company posted $0.82 EPS. On average, sell-side analysts forecast that Brookfield Infrastructure Partners LP will post 3.59 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a dividend of $0.455 per share. The ex-dividend date was Friday, May 29th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.6%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 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.