Mufg Securities Canada LTD. Lowers Stock Position in Brookfield Infrastructure Partners LP $BIP

Mufg Securities Canada LTD. trimmed its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 763,066 shares of the utilities provider’s stock after selling 20,188 shares during the quarter. Mufg Securities Canada LTD.’s holdings in Brookfield Infrastructure Partners were worth $25,142,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BIP. Westfuller Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the third quarter valued at $44,000. City Holding Co. acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth about $59,000. Caldwell Trust Co purchased a new position in shares of Brookfield Infrastructure Partners during the second quarter worth about $66,000. AdvisorNet Financial Inc increased its position in Brookfield Infrastructure Partners by 17.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock valued at $71,000 after acquiring an additional 325 shares during the period. Finally, US Bancorp DE increased its position in Brookfield Infrastructure Partners by 110.2% in the 3rd quarter. US Bancorp DE now owns 2,245 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 1,177 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research report on Monday, December 29th. Wall Street Zen upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. National Bank Financial boosted their price objective on shares of Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Finally, Morgan Stanley set a $45.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.13.

Brookfield Infrastructure Partners Price Performance

Shares of BIP opened at $39.01 on Friday. The company has a market cap of $17.99 billion, a price-to-earnings ratio of 43.34 and a beta of 1.12. The company has a current ratio of 0.08, a quick ratio of 0.81 and a debt-to-equity ratio of 1.68. The company’s fifty day simple moving average is $36.23 and its 200 day simple moving average is $34.38. Brookfield Infrastructure Partners LP has a 1-year low of $25.72 and a 1-year high of $40.18.

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

Brookfield Infrastructure Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a $0.455 dividend. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. This represents a $1.82 annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 191.11%.

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.