Capital World Investors Sells 674,274 Shares of Brookfield Infrastructure Partners LP $BIP

Capital World Investors cut its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,017,989 shares of the utilities provider’s stock after selling 674,274 shares during the quarter. Capital World Investors owned about 6.69% of Brookfield Infrastructure Partners worth $1,022,120,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Brookfield Infrastructure Partners by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,802,475 shares of the utilities provider’s stock valued at $53,696,000 after acquiring an additional 195,276 shares in the last quarter. Focus Partners Wealth boosted its position in Brookfield Infrastructure Partners by 8.5% during the 1st quarter. Focus Partners Wealth now owns 24,734 shares of the utilities provider’s stock worth $737,000 after acquiring an additional 1,931 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Brookfield Infrastructure Partners by 10.3% during the 2nd quarter. ProShare Advisors LLC now owns 24,967 shares of the utilities provider’s stock worth $836,000 after acquiring an additional 2,328 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Brookfield Infrastructure Partners by 36.1% in the second quarter. Allworth Financial LP now owns 7,503 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 1,992 shares during the last quarter. Finally, Ironwood Investment Counsel LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the second quarter valued at approximately $220,000. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

BIP stock opened at $37.96 on Wednesday. The company’s 50-day moving average is $36.70 and its 200-day moving average is $34.82. The stock has a market capitalization of $17.50 billion, a PE ratio of 42.17 and a beta of 1.10. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.08 and a quick ratio of 0.81. Brookfield Infrastructure Partners LP has a 1 year low of $25.72 and a 1 year high of $40.32.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Thursday, January 29th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.42). The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $1.98 billion. Brookfield Infrastructure Partners had a net margin of 4.40% and a return on equity of 3.22%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. Equities research analysts expect that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 4.8%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 202.22%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. National Bank Financial increased their price target on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Scotiabank reaffirmed an “outperform” rating and set a $44.00 target price on shares of Brookfield Infrastructure Partners in a report on Friday, January 16th. TD Cowen reaffirmed a “buy” rating on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Morgan Stanley set a $45.00 price objective on Brookfield Infrastructure Partners in a research note on Wednesday, January 28th. Finally, Royal Bank Of Canada boosted their target price on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.13.

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.