Capital World Investors Sells 674,274 Shares of Brookfield Infrastructure Partners LP $BIP

Capital World Investors trimmed its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,017,989 shares of the utilities provider’s stock after selling 674,274 shares during the period. Capital World Investors owned 0.07% of Brookfield Infrastructure Partners worth $1,022,120,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in shares of Brookfield Infrastructure Partners by 12.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,802,475 shares of the utilities provider’s stock worth $53,696,000 after purchasing an additional 195,276 shares during the period. Focus Partners Wealth grew its position in Brookfield Infrastructure Partners by 8.5% during the first quarter. Focus Partners Wealth now owns 24,734 shares of the utilities provider’s stock worth $737,000 after buying an additional 1,931 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Brookfield Infrastructure Partners by 10.3% in the 2nd quarter. ProShare Advisors LLC now owns 24,967 shares of the utilities provider’s stock valued at $836,000 after acquiring an additional 2,328 shares in the last quarter. Allworth Financial LP boosted its position in shares of Brookfield Infrastructure Partners by 36.1% during the 2nd quarter. Allworth Financial LP now owns 7,503 shares of the utilities provider’s stock valued at $251,000 after acquiring an additional 1,992 shares during the last quarter. Finally, Ironwood Investment Counsel LLC purchased a new position in shares of Brookfield Infrastructure Partners during the second quarter worth about $220,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Stock Performance

Shares of Brookfield Infrastructure Partners stock opened at $37.96 on Wednesday. Brookfield Infrastructure Partners LP has a 12 month low of $25.72 and a 12 month high of $40.32. 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 business has a fifty day simple moving average of $36.70 and a two-hundred day simple moving average of $34.82. The firm has a market capitalization of $17.50 billion, a P/E ratio of 42.17 and a beta of 1.10.

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

Brookfield Infrastructure Partners Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research note on Monday, December 29th. National Bank Financial increased their price target on shares of Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. 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. Morgan Stanley set a $45.00 price objective on shares of Brookfield Infrastructure Partners in a report on Wednesday, January 28th. Finally, Scotiabank reiterated an “outperform” rating and issued a $44.00 target price on shares of Brookfield Infrastructure Partners in a research report on Friday, January 16th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.13.

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.