Elevation Point Wealth Partners LLC Invests $1.31 Million in Brookfield Infrastructure Partners LP $BIP

Elevation Point Wealth Partners LLC bought a new position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 39,905 shares of the utilities provider’s stock, valued at approximately $1,312,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Westfuller Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at $44,000. City Holding Co. acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth about $59,000. Caldwell Trust Co purchased a new stake in Brookfield Infrastructure Partners during the second quarter valued at about $66,000. AdvisorNet Financial Inc lifted its stake in Brookfield Infrastructure Partners by 17.7% during the third quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock valued at $71,000 after buying an additional 325 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Brookfield Infrastructure Partners by 110.2% in the third quarter. US Bancorp DE now owns 2,245 shares of the utilities provider’s stock worth $74,000 after buying an additional 1,177 shares during the period. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Price Performance

NYSE BIP opened at $37.89 on Tuesday. The company has a 50 day simple moving average of $36.98 and a 200-day simple moving average of $35.01. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.08 and a quick ratio of 0.81. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of 42.10 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.

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

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a dividend of $0.455 per share. The ex-dividend date is Friday, February 27th. This represents a $1.82 annualized dividend and a dividend yield of 4.8%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. Brookfield Infrastructure Partners’s dividend payout ratio is presently 202.22%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. 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. Morgan Stanley set a $45.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research report on Monday, December 29th. TD Securities reissued a “buy” rating and set a $57.00 target price (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Finally, Royal Bank Of Canada increased their target price on Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.13.

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.