SG Americas Securities LLC Trims Stock Holdings in Brookfield Infrastructure Partners LP $BIP

SG Americas Securities LLC lowered its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 52.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 33,400 shares of the utilities provider’s stock after selling 37,214 shares during the quarter. SG Americas Securities LLC’s holdings in Brookfield Infrastructure Partners were worth $1,206,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JCIC Asset Management Inc. raised its stake in shares of Brookfield Infrastructure Partners by 6.6% in the 4th quarter. JCIC Asset Management Inc. now owns 5,589 shares of the utilities provider’s stock valued at $194,000 after acquiring an additional 345 shares during the period. NewEdge Advisors LLC boosted its position in shares of Brookfield Infrastructure Partners by 4.8% during the 4th quarter. NewEdge Advisors LLC now owns 8,758 shares of the utilities provider’s stock worth $304,000 after purchasing an additional 400 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Brookfield Infrastructure Partners by 0.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock worth $1,494,000 after purchasing an additional 400 shares during the period. Empire Financial Management Company LLC increased its holdings in Brookfield Infrastructure Partners by 1.0% in the 4th quarter. Empire Financial Management Company LLC now owns 40,792 shares of the utilities provider’s stock valued at $1,417,000 after purchasing an additional 403 shares during the last quarter. Finally, State of Wyoming increased its holdings in Brookfield Infrastructure Partners by 12.6% in the 2nd quarter. State of Wyoming now owns 3,649 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 407 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

Shares of BIP opened at $36.94 on Friday. The company has a market cap of $17.10 billion, a P/E ratio of 55.97 and a beta of 1.06. Brookfield Infrastructure Partners LP has a fifty-two week low of $29.63 and a fifty-two week high of $40.32. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.74. The firm’s 50 day moving average price is $37.69 and its 200 day moving average price is $36.82.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results 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 last year, the company posted $0.82 EPS. On average, research analysts forecast that Brookfield Infrastructure Partners LP will post 3.59 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were issued a $0.455 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.82 dividend on an annualized basis and a yield of 4.9%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 275.76%.

Analyst Upgrades and Downgrades

BIP has been the topic of a number of research reports. National Bank Financial upped their price target on Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Morgan Stanley boosted their price objective on Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Weiss Ratings lowered Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $45.00 target price (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners has an average rating of “Moderate Buy” and an average price target of $44.62.

Insider Transactions at Brookfield Infrastructure Partners

In related news, CFO David Tyler Krant bought 1,150 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost 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 $103,415. This trade represents a 115.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

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.