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

HUB Investment Partners LLC reduced its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 25.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 55,087 shares of the utilities provider’s stock after selling 18,965 shares during the period. 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 have also modified their holdings of the stock. Chapman Financial Group LLC boosted its holdings in shares of Brookfield Infrastructure Partners by 5.3% in the 3rd quarter. Chapman Financial Group LLC now owns 27,494 shares of the utilities provider’s stock worth $904,000 after purchasing an additional 1,391 shares during the period. JT Stratford LLC boosted its stake in Brookfield Infrastructure Partners by 6.2% during the third quarter. JT Stratford LLC now owns 74,079 shares of the utilities provider’s stock worth $2,436,000 after buying an additional 4,342 shares during the period. Picton Mahoney Asset Management boosted its stake in Brookfield Infrastructure Partners by 27.7% during the third quarter. Picton Mahoney Asset Management now owns 1,768,734 shares of the utilities provider’s stock worth $58,275,000 after buying an additional 384,072 shares during the period. CI Investments Inc. raised its stake in shares of Brookfield Infrastructure Partners by 7.0% in the third quarter. CI Investments Inc. now owns 2,885,864 shares of the utilities provider’s stock valued at $94,916,000 after acquiring an additional 187,847 shares during the period. Finally, Harbor Advisory Corp MA lifted its holdings in shares of Brookfield Infrastructure Partners by 0.7% in the 3rd quarter. Harbor Advisory Corp MA now owns 256,797 shares of the utilities provider’s stock worth $8,446,000 after acquiring an additional 1,682 shares during the last quarter. 57.92% of the stock is owned by institutional investors.

Brookfield Infrastructure Partners Stock Down 1.0%

Shares of NYSE:BIP opened at $37.64 on Friday. The business’s 50 day moving average is $36.60 and its 200 day moving average is $34.69. The stock has a market cap of $17.36 billion, a P/E ratio of 41.82 and a beta of 1.10. Brookfield Infrastructure Partners LP has a 52-week low of $25.72 and a 52-week 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.

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

Brookfield Infrastructure Partners Increases Dividend

The firm also recently announced 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%. The ex-dividend date is Friday, February 27th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 202.22%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. TD Cowen reiterated a “buy” rating on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a report on Monday, December 29th. TD Securities restated a “buy” rating and set a $57.00 price objective (up from $55.00) on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Wall Street Zen raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Morgan Stanley set a $45.00 target price on Brookfield Infrastructure Partners in a research report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Brookfield Infrastructure Partners currently has an average rating of “Moderate Buy” and an average target price of $42.13.

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.