Brookfield Infrastructure Partners LP $BIP Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 52.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,400 shares of the utilities provider’s stock after selling 37,214 shares during the quarter. SG Americas Securities LLC’s holdings in Brookfield Infrastructure Partners were worth $1,206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BIP. Purpose Unlimited Inc. acquired a new stake in Brookfield Infrastructure Partners during the 4th quarter worth $11,823,000. Rockefeller Capital Management L.P. raised its position in shares of Brookfield Infrastructure Partners by 1.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 165,425 shares of the utilities provider’s stock valued at $5,747,000 after buying an additional 1,764 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Brookfield Infrastructure Partners by 25.5% in the fourth quarter. Corient Private Wealth LLC now owns 31,889 shares of the utilities provider’s stock worth $1,108,000 after buying an additional 6,484 shares in the last quarter. MidFirst Bank purchased a new position in shares of Brookfield Infrastructure Partners in the fourth quarter worth about $339,000. Finally, Rare Wolf Capital LLC acquired a new position in Brookfield Infrastructure Partners during the fourth quarter worth about $327,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Insider Activity at Brookfield Infrastructure Partners

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant acquired 1,150 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of $48.10 per share, for a total transaction of $55,315.00. Following the completion of the acquisition, the chief financial officer owned 2,150 shares of the company’s stock, valued at approximately $103,415. The trade was a 115.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Brookfield Infrastructure Partners Trading Down 0.2%

Shares of BIP opened at $36.94 on Friday. Brookfield Infrastructure Partners LP has a 12-month low of $29.63 and a 12-month high of $40.32. The firm has a market capitalization of $17.10 billion, a P/E ratio of 55.97 and a beta of 1.06. The firm has a 50-day moving average price of $37.69 and a 200 day moving average price of $36.82. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.62. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $2.13 billion. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. During the same period in the previous year, the firm earned $0.82 earnings per share. Sell-side analysts forecast that Brookfield Infrastructure Partners LP will post 3.59 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Infrastructure Partners’s payout ratio is presently 275.76%.

Wall Street Analyst Weigh In

BIP has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $45.00 target price (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Weiss Ratings lowered Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, National Bank Financial increased their price target on Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Brookfield Infrastructure Partners presently has an average rating of “Moderate Buy” and a consensus price target of $44.62.

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.