Picton Mahoney Asset Management Buys 384,072 Shares of Brookfield Infrastructure Partners LP $BIP

Picton Mahoney Asset Management grew its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 27.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,768,734 shares of the utilities provider’s stock after buying an additional 384,072 shares during the period. Picton Mahoney Asset Management owned 0.38% of Brookfield Infrastructure Partners worth $58,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BIP. Westfuller Advisors LLC bought a new position in Brookfield Infrastructure Partners during the third quarter worth $44,000. City Holding Co. bought a new stake in Brookfield Infrastructure Partners during the third quarter valued at $59,000. Caldwell Trust Co acquired a new stake in Brookfield Infrastructure Partners during the 2nd quarter worth about $66,000. AdvisorNet Financial Inc raised its position in shares of Brookfield Infrastructure Partners by 17.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock worth $71,000 after acquiring an additional 325 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Brookfield Infrastructure Partners by 110.2% in the 3rd quarter. US Bancorp DE now owns 2,245 shares of the utilities provider’s stock worth $74,000 after acquiring an additional 1,177 shares in the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Trading Down 1.1%

Shares of Brookfield Infrastructure Partners stock opened at $39.24 on Wednesday. The stock has a market capitalization of $18.10 billion, a PE ratio of 43.60 and a beta of 1.10. Brookfield Infrastructure Partners LP has a 52 week low of $25.72 and a 52 week high of $40.32. The stock has a 50 day moving average price of $36.41 and a two-hundred day moving average price of $34.55. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.81 and a current ratio of 0.08.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, January 29th. The utilities provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $6.30 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company earned $0.78 earnings per share. Brookfield Infrastructure Partners’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 earnings per share 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 paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.6%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, February 27th. Brookfield Infrastructure Partners’s payout ratio is 202.22%.

Analysts Set New Price Targets

BIP has been the topic of several research analyst reports. TD Securities restated a “buy” rating and set a $57.00 target price (up from $55.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. TD Cowen reissued a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Royal Bank Of Canada increased their price target on Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. National Bank Financial lifted their price objective on shares of Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.