Mufg Securities Canada LTD. Sells 60,772 Shares of Brookfield Infrastructure Partners LP $BIP

Mufg Securities Canada LTD. lowered its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 702,294 shares of the utilities provider’s stock after selling 60,772 shares during the quarter. Mufg Securities Canada LTD.’s holdings in Brookfield Infrastructure Partners were worth $24,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of BIP. Acumen Wealth Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC increased its position in shares of Brookfield Infrastructure Partners by 225.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 975 shares of the utilities provider’s stock valued at $34,000 after buying an additional 675 shares during the period. Laurel Wealth Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at about $42,000. Assetmark Inc. increased 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 valued at $44,000 after buying an additional 1,061 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Up 0.1%

BIP opened at $38.31 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74. Brookfield Infrastructure Partners LP has a 1-year low of $29.63 and a 1-year high of $40.32. The company has a market capitalization of $17.73 billion, a PE ratio of 58.04 and a beta of 1.05. The firm’s 50 day simple moving average is $37.55 and its two-hundred day simple moving average is $36.69.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, topping 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 business had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm earned $0.82 earnings per share. As a group, equities analysts forecast that Brookfield Infrastructure Partners LP will post 3.59 EPS for the current 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 $0.455 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.82 annualized dividend and a yield of 4.8%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 275.76%.

Insiders Place Their Bets

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant purchased 1,150 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $48.10 per share, for a total transaction of $55,315.00. Following the completion of the transaction, the chief financial officer owned 2,150 shares of the company’s stock, valued at approximately $103,415. The trade was a 115.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analysts Set New Price Targets

Several brokerages recently issued reports on BIP. Morgan Stanley boosted 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 report on Wednesday, May 20th. Weiss Ratings cut shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Finally, National Bank Financial upped their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Brookfield Infrastructure Partners 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.