Rathbones Group PLC Boosts Holdings in Brookfield Infrastructure Partners LP $BIP

Rathbones Group PLC boosted its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 230.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,236 shares of the utilities provider’s stock after acquiring an additional 58,044 shares during the period. Rathbones Group PLC’s holdings in Brookfield Infrastructure Partners were worth $2,738,000 as of its most recent filing with the SEC.

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

Brookfield Infrastructure Partners Stock Down 2.1%

Brookfield Infrastructure Partners stock opened at $36.82 on Tuesday. The firm has a 50 day simple moving average of $36.64 and a 200 day simple moving average of $34.77. The company has a current ratio of 0.08, a quick ratio of 0.81 and a debt-to-equity ratio of 1.68. Brookfield Infrastructure Partners LP has a 1-year low of $25.72 and a 1-year high of $40.32. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 40.91 and a beta of 1.10.

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 the consensus estimate 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 company had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The company’s revenue was up 5.8% on a year-over-year basis. On average, analysts predict that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $0.455 per share. 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. This represents a $1.82 dividend on an annualized basis and a yield of 4.9%. Brookfield Infrastructure Partners’s payout ratio is currently 202.22%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BIP. BMO Capital Markets reissued an “outperform” rating and issued a $44.00 target price on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Scotiabank reaffirmed an “outperform” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research note on Monday, December 29th. TD Securities reissued a “buy” rating and issued a $57.00 price objective (up from $55.00) on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Finally, Morgan Stanley set a $45.00 price objective on Brookfield Infrastructure Partners in a research note on Wednesday, January 28th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.