Brookfield Infrastructure Partners LP $BIP Shares Newly Purchased by Inspire Investing LLC

Key Points

• Inspire Investing LLC purchased 69,204 shares of Brookfield Infrastructure Partners in the third quarter, valued at approximately $2.46 million. Institutional investors and hedge funds collectively own 57.92% of the company.
• Analyst sentiment remains favorable overall: eight analysts rate BIP a Buy and three rate it a Hold, resulting in a “Moderate Buy” consensus and an average price target of $44.78.
• BIP shares opened at $37.01, while the partnership recently reported quarterly earnings of $0.89 per share and revenue of $6.48 billion. Its quarterly dividend of $0.455 implies an annualized yield of approximately 4.9%.

Inspire Investing LLC purchased a new stake in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 69,204 shares of the utilities provider's stock, valued at approximately $2,460,000.

Several other hedge funds and other institutional investors have also modified their holdings of BIP. Western Pacific Wealth Management LP acquired a new stake in Brookfield Infrastructure Partners during the third quarter worth about $27,000. Allied Private Wealth LLC bought a new position in Brookfield Infrastructure Partners in the second quarter worth about $37,000. Bank & Trust Co bought a new position in Brookfield Infrastructure Partners in the third quarter worth about $40,000. NFSG Corp bought a new position in Brookfield Infrastructure Partners in the third quarter worth about $42,000. Finally, Global Assets Advisory LLC acquired a new position in Brookfield Infrastructure Partners in the first quarter valued at approximately $49,000. 57.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on BIP shares. Canadian Imperial Bank of Commerce set a $44.00 target price on Brookfield Infrastructure Partners and gave the company an "outperformer" rating in a report on Thursday. Wall Street Zen cut Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. National Bank Financial raised their price target on Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Morgan Stanley cut their price target on Brookfield Infrastructure Partners from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Tuesday, October 13th. Finally, BMO Capital Markets boosted their price objective on Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Brookfield Infrastructure Partners has an average rating of "Moderate Buy" and an average price target of $44.78.

Brookfield Infrastructure Partners Stock Down 0.1%

Brookfield Infrastructure Partners stock opened at $37.01 on Monday. The company has a 50-day simple moving average of $36.88 and a 200-day simple moving average of $37.68. The firm has a market capitalization of $16.94 billion, a P/E ratio of 59.70 and a beta of 1.06. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.89. Brookfield Infrastructure Partners LP has a one year low of $33.21 and a one year high of $44.03.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.73. The business had revenue of $6.48 billion for the quarter, compared to analysts' expectations of $2.23 billion. Brookfield Infrastructure Partners had a net margin of 3.51% and a return on equity of 2.63%. The company's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS. As a group, equities analysts expect that Brookfield Infrastructure Partners LP will post 3.63 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st were given a $0.4550 dividend. The ex-dividend date was Monday, August 31st. This represents a $1.82 annualized dividend and a yield of 4.9%. Brookfield Infrastructure Partners's dividend payout ratio is 293.55%.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. NYSE: BIP is a global owner and operator of essential infrastructure assets. The partnership invests in and manages businesses that provide critical services to communities and industries, with a focus on long-term, durable cash flows and assets that are difficult to replicate.

Its operations span several infrastructure sectors, including utilities, transportation, midstream energy, and data infrastructure. The portfolio includes regulated and contracted businesses such as electricity and natural gas transmission and distribution systems, rail and port operations, natural gas pipelines and processing facilities, fiber-optic networks, data centers, and other communications infrastructure.

Brookfield Infrastructure serves customers across North America, South America, Europe, and the Asia-Pacific region.

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