David Tyler Krant Purchases 1,150 Shares of Brookfield Infrastructure Partners (NYSE:BIP) Stock

Key Points

• Brookfield CFO David Tyler Krant bought 1,150 shares on May 1 at an average price of $48.10, increasing his stake to 2,150 shares (a 115% rise) valued at about $103,415, per an SEC filing.
• Company fundamentals and payout: Brookfield Infrastructure beat estimates with $0.90 EPS and $6.30B revenue for the quarter, and declared a quarterly dividend of $0.455 ($1.82 annualized) yielding ~5.0% with an ex-dividend date of May 29.
• Market and analyst view: Shares trade near $36.31 with a market cap of $16.8B and a P/E of 55, analysts have a consensus "Moderate Buy" (average target $43.71), and institutions like Goldman Sachs have recently increased holdings.

Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) TSE: BIP.UN CFO David Tyler Krant bought 1,150 shares of Brookfield Infrastructure Partners stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $48.10 per share, with a total value of $55,315.00. Following the completion of the purchase, the chief financial officer owned 2,150 shares in the company, valued at approximately $103,415. This trade represents a 115.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Brookfield Infrastructure Partners Stock Up 1.6%

NYSE BIP traded up $0.58 on Tuesday, reaching $36.31. The company had a trading volume of 587,444 shares, compared to its average volume of 883,885. The firm has a market capitalization of $16.81 billion, a price-to-earnings ratio of 55.01 and a beta of 1.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.75 and a current ratio of 0.04. Brookfield Infrastructure Partners LP has a 1-year low of $29.63 and a 1-year high of $40.32. The company's fifty day moving average is $36.93 and its 200-day moving average is $35.93.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.62. The firm had revenue of $6.30 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.82 EPS. On average, research analysts forecast that Brookfield Infrastructure Partners LP will post 3.63 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.82 annualized dividend and a yield of 5.0%. Brookfield Infrastructure Partners's payout ratio is 275.76%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BIP shares. Scotiabank reissued an "outperform" rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 16th. Royal Bank Of Canada boosted their price target on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, January 30th. Morgan Stanley raised shares of Brookfield Infrastructure Partners from an "equal weight" rating to an "overweight" rating and set a $45.00 price target on the stock in a research report on Monday, March 23rd. TD Securities reissued a "buy" rating and set a $57.00 price target (up from $55.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.71.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of institutional investors and hedge funds have recently modified their holdings of BIP. Goldman Sachs Group Inc. raised its holdings in shares of Brookfield Infrastructure Partners by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,802,475 shares of the utilities provider's stock valued at $53,696,000 after purchasing an additional 195,276 shares during the period. Focus Partners Wealth raised its holdings in shares of Brookfield Infrastructure Partners by 8.5% in the 1st quarter. Focus Partners Wealth now owns 24,734 shares of the utilities provider's stock valued at $737,000 after purchasing an additional 1,931 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Brookfield Infrastructure Partners in the 2nd quarter valued at about $2,595,000. Glenview Trust co bought a new stake in shares of Brookfield Infrastructure Partners in the 2nd quarter valued at about $201,000. Finally, Raymond James Financial Inc. raised its holdings in shares of Brookfield Infrastructure Partners by 8.8% in the 2nd quarter. Raymond James Financial Inc. now owns 724,975 shares of the utilities provider's stock valued at $24,287,000 after purchasing an additional 58,511 shares during the period. 57.92% of the stock is owned by institutional investors.

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.

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