Capital World Investors Acquires 86,068 Shares of Brookfield Infrastructure Partners LP $BIP

Key Points

• Capital World Investors increased its stake in Brookfield Infrastructure Partners by 0.3% in the fourth quarter, adding 86,068 shares to reach 31.1 million shares valued at about $1.08 billion.
• Brookfield Infrastructure Partners reported strong quarterly earnings, posting $0.90 EPS versus $0.28 expected and revenue of $6.30 billion, while analysts now expect full-year EPS of 3.59.
• The company announced a quarterly dividend of $0.455 per share, implying an annualized yield of 4.7%, and analysts currently hold a consensus rating of Moderate Buy with an average target price of $44.63.

Capital World Investors boosted its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,104,057 shares of the utilities provider's stock after acquiring an additional 86,068 shares during the quarter. Capital World Investors owned 6.74% of Brookfield Infrastructure Partners worth $1,081,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Laurel Wealth Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the fourth quarter valued at about $42,000. Assetmark Inc. lifted its position in shares of Brookfield Infrastructure Partners by 544.1% during the fourth quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider's stock worth $44,000 after purchasing an additional 1,061 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth approximately $45,000. Sound Income Strategies LLC lifted its position in shares of Brookfield Infrastructure Partners by 45.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,404 shares of the utilities provider's stock worth $49,000 after purchasing an additional 436 shares in the last quarter. Finally, Concord Wealth Partners acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth approximately $50,000. Institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Up 0.1%

Shares of NYSE:BIP opened at $38.82 on Monday. Brookfield Infrastructure Partners LP has a 52 week low of $29.63 and a 52 week high of $40.32. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.64 and a current ratio of 0.68. The company has a market capitalization of $17.97 billion, a PE ratio of 58.82 and a beta of 1.05. The company has a 50 day moving average price of $37.25 and a two-hundred day moving average price of $36.56.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.28 by $0.62. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. The firm had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Analysts forecast that Brookfield Infrastructure Partners LP will post 3.59 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a dividend of $0.455 per share. The ex-dividend date is Friday, May 29th. This represents a $1.82 annualized dividend and a yield of 4.7%. Brookfield Infrastructure Partners's dividend payout ratio is presently 275.76%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BIP. Canadian Imperial Bank of Commerce reiterated an "outperform" rating and set a $45.00 target price (up from $44.00) on shares of Brookfield Infrastructure Partners in a research report on Tuesday, May 26th. National Bank Financial upped their target price on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an "outperform" rating in a research report on Monday, June 1st. Weiss Ratings lowered shares of Brookfield Infrastructure Partners from a "hold (c+)" rating to a "hold (c-)" rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley upped their target price on shares of Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 20th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $44.63.

Insider Buying and Selling

In other Brookfield Infrastructure Partners news, 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 acquired at an average price of $48.10 per share, for a total transaction of $55,315.00. Following the completion of the acquisition, the chief financial officer owned 2,150 shares of the company's stock, valued at $103,415. This trade represents a 115.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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.

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