K2 Principal Fund L.P. Buys Shares of 124,900 Brookfield Infrastructure Partners LP $BIP

K2 Principal Fund L.P. bought a new stake in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 124,900 shares of the utilities provider's stock, valued at approximately $4,339,000.

A number of other institutional investors also recently modified their holdings of BIP. Goldman Sachs Group Inc. lifted its stake in shares of Brookfield Infrastructure Partners by 68.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,243,218 shares of the utilities provider's stock valued at $112,669,000 after buying an additional 1,317,669 shares in the last quarter. Morgan Stanley lifted its stake in shares of Brookfield Infrastructure Partners by 61.4% during the 4th quarter. Morgan Stanley now owns 3,343,528 shares of the utilities provider's stock valued at $116,154,000 after buying an additional 1,271,823 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Brookfield Infrastructure Partners by 3.4% during the 3rd quarter. Bank of Montreal Can now owns 28,289,627 shares of the utilities provider's stock valued at $930,446,000 after buying an additional 926,167 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Brookfield Infrastructure Partners by 62.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,989,756 shares of the utilities provider's stock valued at $65,550,000 after buying an additional 761,992 shares in the last quarter. Finally, Lincluden Management Ltd. purchased a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter valued at approximately $22,343,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP opened at $38.31 on Friday. Brookfield Infrastructure Partners LP has a 1 year low of $29.63 and a 1 year high of $40.32. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.68 and a quick ratio of 0.64. The stock has a market capitalization of $17.73 billion, a PE ratio of 58.04 and a beta of 1.05. The company's 50 day simple moving average is $37.55 and its two-hundred day simple moving average is $36.68.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.62. The business had revenue of $6.30 billion for the quarter, compared to analysts' expectations 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 company posted $0.82 EPS. Analysts predict that Brookfield Infrastructure Partners LP will post 3.59 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.8%. Brookfield Infrastructure Partners's dividend payout ratio is presently 275.76%.

Insider Activity at Brookfield Infrastructure Partners

In related news, CFO David Tyler Krant purchased 1,150 shares of the firm's stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of $48.10 per share, with a total value of $55,315.00. Following the acquisition, the chief financial officer directly owned 2,150 shares of the company's stock, valued at approximately $103,415. This represents a 115.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

BIP has been the topic of a number of recent research reports. Morgan Stanley upped their price target on shares of Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an "overweight" rating in a research note on Wednesday, May 20th. Weiss Ratings cut shares of Brookfield Infrastructure Partners from a "hold (c+)" rating to a "hold (c-)" rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce restated an "outperform" rating and set a $45.00 price target (up from $44.00) on shares of Brookfield Infrastructure Partners in a research note on Tuesday, May 26th. Finally, National Bank Financial upped their price target on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the company an "outperform" rating in a research note on Monday, June 1st. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $44.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.