Cbre Investment Management Listed Real Assets LLC Buys 80,173 Shares of Brookfield Infrastructure Partners LP $BIP

Cbre Investment Management Listed Real Assets LLC raised its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 12.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 751,000 shares of the utilities provider’s stock after purchasing an additional 80,173 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned 0.16% of Brookfield Infrastructure Partners worth $24,700,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. AdvisorNet Financial Inc raised its position 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. Huntleigh Advisors Inc. boosted its position in Brookfield Infrastructure Partners by 3.3% during the third quarter. Huntleigh Advisors Inc. now owns 10,974 shares of the utilities provider’s stock valued at $361,000 after acquiring an additional 354 shares during the last quarter. ProShare Advisors LLC increased its holdings in Brookfield Infrastructure Partners by 1.6% in the third quarter. ProShare Advisors LLC now owns 25,357 shares of the utilities provider’s stock worth $834,000 after purchasing an additional 390 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 67,771 shares of the utilities provider’s stock worth $2,229,000 after buying an additional 400 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in Brookfield Infrastructure Partners by 0.9% in the second 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. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BIP. TD Cowen restated a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. National Bank Financial increased 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. TD Securities restated a “buy” rating and issued a $57.00 target price (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Scotiabank reaffirmed an “outperform” rating and issued a $44.00 target price on shares of Brookfield Infrastructure Partners in a report on Friday, January 16th. Finally, Royal Bank Of Canada increased their price target on Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.13.

Brookfield Infrastructure Partners Trading Up 2.3%

NYSE:BIP opened at $38.85 on Thursday. Brookfield Infrastructure Partners LP has a 12 month low of $25.72 and a 12 month high of $40.32. The company has a current ratio of 0.08, a quick ratio of 0.81 and a debt-to-equity ratio of 1.68. The firm’s 50 day moving average is $36.78 and its 200 day moving average is $34.85. The stock has a market capitalization of $17.91 billion, a PE ratio of 43.16 and a beta of 1.10.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Thursday, January 29th. The utilities provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.42). Brookfield Infrastructure Partners had a net margin of 4.40% and a return on equity of 3.22%. The firm had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company posted $0.78 earnings per share. Brookfield Infrastructure Partners’s revenue for the quarter was up 5.8% on a year-over-year basis. Sell-side analysts expect that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $0.455 per share. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. This represents a $1.82 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 202.22%.

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.