Brookfield Infrastructure Partners (NYSE:BIP) CFO Purchases $55,315.00 in Stock

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) CFO David Tyler Krant bought 1,150 shares of Brookfield Infrastructure Partners stock in a transaction dated Friday, May 1st. The stock was acquired at an average price of $48.10 per share, with a total value of $55,315.00. Following the purchase, the chief financial officer directly owned 2,150 shares of the company’s stock, valued at approximately $103,415. This represents a 115.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Brookfield Infrastructure Partners Price Performance

BIP opened at $36.93 on Friday. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 55.95 and a beta of 1.03. The company has a quick ratio of 0.75, a current ratio of 0.04 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $36.82 and a 200-day moving average price of $35.98. Brookfield Infrastructure Partners LP has a twelve month low of $29.63 and a twelve month high of $40.32.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.28 by $0.62. The company had revenue of $6.30 billion during 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 company earned $0.82 earnings per share. Equities analysts expect that Brookfield Infrastructure Partners LP will post 3.63 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

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

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 10.1% in the 3rd quarter. Principal Financial Group Inc. now owns 31,975,602 shares of the utilities provider’s stock valued at $1,051,678,000 after purchasing an additional 2,933,287 shares in the last quarter. Capital World Investors boosted its stake in shares of Brookfield Infrastructure Partners by 0.3% in the 4th quarter. Capital World Investors now owns 31,104,057 shares of the utilities provider’s stock valued at $1,081,181,000 after purchasing an additional 86,068 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Brookfield Infrastructure Partners by 3.4% in the 3rd quarter. Bank of Montreal Can now owns 28,289,627 shares of the utilities provider’s stock valued at $930,446,000 after purchasing an additional 926,167 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Brookfield Infrastructure Partners by 7.4% in the 4th quarter. CIBC Asset Management Inc now owns 8,559,336 shares of the utilities provider’s stock valued at $297,699,000 after purchasing an additional 589,915 shares in the last quarter. Finally, Scotia Capital Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 6.2% in the 3rd quarter. Scotia Capital Inc. now owns 7,367,383 shares of the utilities provider’s stock valued at $241,967,000 after purchasing an additional 431,557 shares in the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Analyst Ratings Changes

BIP has been the subject of several recent analyst reports. Scotiabank reaffirmed an “outperform” rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 16th. Morgan Stanley raised shares of Brookfield Infrastructure Partners from an “equal weight” rating to an “overweight” rating and set a $45.00 price objective for the company in a research note on Monday, March 23rd. TD Cowen reaffirmed a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Weiss Ratings cut shares of Brookfield Infrastructure Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.71.

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.