433,800 Shares in Brookfield Infrastructure Partners LP $BIP Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) in the 1st quarter, HoldingsChannel.com reports. The fund bought 433,800 shares of the utilities provider’s stock, valued at approximately $15,642,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BIP. Acumen Wealth Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC grew its holdings in shares of Brookfield Infrastructure Partners by 225.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 975 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 675 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in Brookfield Infrastructure Partners in the 4th quarter worth $42,000. Assetmark Inc. raised its position in Brookfield Infrastructure Partners by 544.1% in the 4th quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 1,061 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new stake in Brookfield Infrastructure Partners in the fourth quarter worth $45,000. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Price Performance

BIP opened at $40.46 on Tuesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.64 and a current ratio of 0.68. The stock has a market capitalization of $18.73 billion, a PE ratio of 61.30 and a beta of 1.06. The stock’s 50 day moving average price is $38.30 and its 200-day moving average price is $37.30. Brookfield Infrastructure Partners LP has a 52-week low of $29.63 and a 52-week high of $41.65.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.62. The business had revenue of $6.30 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $0.82 earnings per share. On average, equities research analysts predict that Brookfield Infrastructure Partners LP will post 3.63 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 275.76%.

Insider Buying and Selling at Brookfield Infrastructure Partners

In related news, CFO David Tyler Krant bought 1,150 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of $48.10 per share, with a total value of $55,315.00. Following the purchase, the chief financial officer owned 2,150 shares of the company’s stock, valued at approximately $103,415. This trade represents a 115.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BIP shares. Weiss Ratings lowered shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Saturday. Morgan Stanley restated an “overweight” rating and issued a $48.00 target price on shares of Brookfield Infrastructure Partners in a report on Tuesday, July 21st. National Bank Financial lifted their target price 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. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $45.00 price target (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and a consensus target price of $44.88.

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.