HUB Investment Partners LLC Sells 18,965 Shares of Brookfield Infrastructure Partners LP $BIP

HUB Investment Partners LLC decreased its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 25.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,087 shares of the utilities provider’s stock after selling 18,965 shares during the quarter. HUB Investment Partners LLC’s holdings in Brookfield Infrastructure Partners were worth $1,812,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of 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 purchasing an additional 2,933,287 shares during the period. Picton Mahoney Asset Management bought a new position in Brookfield Infrastructure Partners in the second quarter worth approximately $46,203,000. Intact Investment Management Inc. raised its position in Brookfield Infrastructure Partners by 72.9% in the third quarter. Intact Investment Management Inc. now owns 2,365,634 shares of the utilities provider’s stock worth $77,962,000 after acquiring an additional 997,680 shares during the period. Dixon Mitchell Investment Counsel Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 46.7% during the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 2,503,764 shares of the utilities provider’s stock worth $83,739,000 after acquiring an additional 797,429 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Brookfield Infrastructure Partners by 9.1% during the 3rd quarter. CIBC Asset Management Inc now owns 7,969,421 shares of the utilities provider’s stock valued at $262,303,000 after acquiring an additional 667,730 shares during the period. 57.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BIP has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a report on Monday, December 29th. National Bank Financial raised their price objective on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Wall Street Zen raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. TD Cowen reaffirmed a “buy” rating on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Finally, Royal Bank Of Canada raised their price objective 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 research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.13.

Brookfield Infrastructure Partners Trading Down 1.0%

Shares of Brookfield Infrastructure Partners stock opened at $37.64 on Friday. Brookfield Infrastructure Partners LP has a twelve month low of $25.72 and a twelve month high of $40.32. The company has a quick ratio of 0.81, a current ratio of 0.08 and a debt-to-equity ratio of 1.68. The business has a 50-day moving average price of $36.60 and a 200-day moving average price of $34.69. The firm has a market cap of $17.36 billion, a price-to-earnings ratio of 41.82 and a beta of 1.10.

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

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a $0.455 dividend. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. This represents a $1.82 annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 202.22%.

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.