Elevation Point Wealth Partners LLC Purchases Shares of 39,905 Brookfield Infrastructure Partners LP $BIP

Elevation Point Wealth Partners LLC purchased a new stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 39,905 shares of the utilities provider’s stock, valued at approximately $1,312,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BIP. Bank of America Corp DE increased its position in Brookfield Infrastructure Partners by 15.5% in the 3rd quarter. Bank of America Corp DE now owns 392,811 shares of the utilities provider’s stock valued at $12,920,000 after acquiring an additional 52,664 shares during the period. Creative Planning boosted its position in Brookfield Infrastructure Partners by 57.9% during the 3rd quarter. Creative Planning now owns 103,485 shares of the utilities provider’s stock worth $3,404,000 after acquiring an additional 37,949 shares during the period. Raymond James Financial Inc. grew its stake in shares of Brookfield Infrastructure Partners by 19.2% in the third quarter. Raymond James Financial Inc. now owns 864,386 shares of the utilities provider’s stock worth $28,430,000 after purchasing an additional 139,411 shares in the last quarter. Scotia Capital Inc. grew its stake in shares of Brookfield Infrastructure Partners by 6.2% in the third quarter. Scotia Capital Inc. now owns 7,367,383 shares of the utilities provider’s stock worth $241,967,000 after purchasing an additional 431,557 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Brookfield Infrastructure Partners by 261.5% during the third quarter. Two Sigma Investments LP now owns 795,453 shares of the utilities provider’s stock valued at $26,162,000 after purchasing an additional 575,423 shares during the period. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BIP shares. BMO Capital Markets restated an “outperform” rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. National Bank Financial increased their target price on shares of Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Morgan Stanley set a $45.00 target price on shares of Brookfield Infrastructure Partners in a research note on Wednesday, January 28th. TD Securities reaffirmed a “buy” rating and issued a $57.00 price target (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Finally, TD Cowen reiterated a “buy” rating on shares of Brookfield Infrastructure Partners in a 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.13.

Brookfield Infrastructure Partners Price Performance

Shares of Brookfield Infrastructure Partners stock opened at $37.89 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.81 and a debt-to-equity ratio of 1.68. The company’s 50-day moving average price is $36.98 and its two-hundred day moving average price is $35.01. Brookfield Infrastructure Partners LP has a 52 week low of $25.72 and a 52 week high of $40.32. The stock has a market cap of $17.47 billion, a PE ratio of 42.10 and a beta of 1.10.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, January 29th. The utilities provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.42). The business had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $1.98 billion. Brookfield Infrastructure Partners had a net margin of 4.40% and a return on equity of 3.22%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $0.455 per share. The ex-dividend date is Friday, February 27th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. This represents a $1.82 dividend on an annualized basis and a yield of 4.8%. Brookfield Infrastructure Partners’s payout ratio is 202.22%.

Brookfield Infrastructure Partners 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.