Connor Clark & Lunn Investment Management Ltd. Purchases 761,992 Shares of Brookfield Infrastructure Partners LP $BIP

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 62.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,989,756 shares of the utilities provider’s stock after purchasing an additional 761,992 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.43% of Brookfield Infrastructure Partners worth $65,550,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in Brookfield Infrastructure Partners by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,802,475 shares of the utilities provider’s stock valued at $53,696,000 after buying an additional 195,276 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of 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 during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Brookfield Infrastructure Partners by 10.3% during the second quarter. ProShare Advisors LLC now owns 24,967 shares of the utilities provider’s stock worth $836,000 after buying an additional 2,328 shares during the last quarter. Allworth Financial LP boosted its position in shares of Brookfield Infrastructure Partners by 36.1% in the second 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 period. Finally, Ironwood Investment Counsel LLC bought a new stake in shares of Brookfield Infrastructure Partners in the second quarter valued at approximately $220,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

NYSE:BIP opened at $38.85 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.08 and a debt-to-equity ratio of 1.68. The firm has a market cap of $17.91 billion, a PE ratio of 43.16 and a beta of 1.10. Brookfield Infrastructure Partners LP has a 12 month low of $25.72 and a 12 month high of $40.32. The company’s 50-day moving average price is $36.78 and its two-hundred day moving average price is $34.85.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, January 29th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.42). The firm had revenue of $6.30 billion during 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 was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. On average, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 4.7%. 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 is presently 202.22%.

Wall Street Analyst Weigh In

BIP has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research report on Monday, December 29th. BMO Capital Markets reissued an “outperform” rating and issued a $44.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. TD Cowen restated a “buy” rating on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. 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. Finally, Royal Bank Of Canada increased their target price on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.13.

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.