Purpose Unlimited Inc. Purchases New Position in Brookfield Infrastructure Partners LP $BIP

Purpose Unlimited Inc. acquired a new stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 340,130 shares of the utilities provider’s stock, valued at approximately $11,823,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rockefeller Capital Management L.P. raised its holdings in shares of Brookfield Infrastructure Partners by 1.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 165,425 shares of the utilities provider’s stock valued at $5,747,000 after buying an additional 1,764 shares during the period. Corient Private Wealth LLC boosted its holdings in Brookfield Infrastructure Partners by 25.5% in the 4th quarter. Corient Private Wealth LLC now owns 31,889 shares of the utilities provider’s stock worth $1,108,000 after acquiring an additional 6,484 shares during the period. MidFirst Bank acquired a new stake in Brookfield Infrastructure Partners in the fourth quarter valued at approximately $339,000. Rare Wolf Capital LLC acquired a new stake in Brookfield Infrastructure Partners in the fourth quarter valued at approximately $327,000. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Brookfield Infrastructure Partners by 8.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,827 shares of the utilities provider’s stock valued at $793,000 after purchasing an additional 1,746 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analyst Upgrades and Downgrades

BIP has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on shares of Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Canadian Imperial Bank of Commerce reaffirmed 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. Weiss Ratings downgraded shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, National Bank Financial lifted their price target 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. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.62.

Insider Transactions at Brookfield Infrastructure Partners

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant purchased 1,150 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $48.10 per share, with a total value of $55,315.00. Following the completion of the purchase, the chief financial officer owned 2,150 shares in the company, valued at $103,415. This trade represents a 115.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Brookfield Infrastructure Partners Trading Down 0.0%

NYSE BIP opened at $37.57 on Friday. The company’s fifty day moving average price is $37.69 and its two-hundred day moving average price is $36.74. Brookfield Infrastructure Partners LP has a 12 month low of $29.63 and a 12 month high of $40.32. The company has a market capitalization of $17.39 billion, a price-to-earnings ratio of 56.92 and a beta of 1.05. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.68 and a quick ratio of 0.64.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its 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 firm had revenue of $6.30 billion during the quarter, compared to analyst estimates 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 firm earned $0.82 earnings per share. As a group, research analysts predict that Brookfield Infrastructure Partners LP will post 3.59 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a $0.455 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.82 annualized dividend and a dividend yield of 4.8%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 275.76%.

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.