Ninepoint Partners LP Invests $2.45 Million in Brookfield Infrastructure Partners LP $BIP

Ninepoint Partners LP acquired a new stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 149,888 shares of the utilities provider’s stock, valued at approximately $2,452,000.

Several other hedge funds have also recently made changes to their positions in BIP. Clear Trail Advisors LLC raised its stake in shares of Brookfield Infrastructure Partners by 5.0% in the first quarter. Clear Trail Advisors LLC now owns 7,344 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 350 shares during the last quarter. NewEdge Advisors LLC boosted its position in Brookfield Infrastructure Partners by 4.8% in the fourth quarter. NewEdge Advisors LLC now owns 8,758 shares of the utilities provider’s stock valued at $304,000 after buying an additional 400 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Brookfield Infrastructure Partners by 0.9% in the second quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock valued at $1,494,000 after buying an additional 400 shares during the last quarter. Empire Financial Management Company LLC increased its holdings in Brookfield Infrastructure Partners by 1.0% in the 4th quarter. Empire Financial Management Company LLC now owns 40,792 shares of the utilities provider’s stock worth $1,417,000 after buying an additional 403 shares during the period. Finally, State of Wyoming increased its holdings in Brookfield Infrastructure Partners by 12.6% in the 2nd quarter. State of Wyoming now owns 3,649 shares of the utilities provider’s stock worth $122,000 after buying an additional 407 shares during the period. 57.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on BIP. Wall Street Zen lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. BMO Capital Markets upped their price objective on shares of Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $47.00 price objective (up from $45.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, July 31st. Weiss Ratings raised shares of Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Finally, Citigroup restated a “neutral” rating and set a $41.00 target price (up from $37.00) on shares of Brookfield Infrastructure Partners in a research report on Monday, August 3rd. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $45.33.

Brookfield Infrastructure Partners Stock Down 0.8%

Brookfield Infrastructure Partners stock opened at $39.09 on Friday. The business’s 50-day moving average price is $38.64 and its 200 day moving average price is $37.95. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 1.83. The firm has a market cap of $18.00 billion, a price-to-earnings ratio of 63.05 and a beta of 1.05. Brookfield Infrastructure Partners LP has a 52 week low of $29.94 and a 52 week high of $44.03.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.73. Brookfield Infrastructure Partners had a return on equity of 2.63% and a net margin of 3.51%.The company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the company posted $0.81 earnings per share. Brookfield Infrastructure Partners’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Brookfield Infrastructure Partners LP will post 3.66 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Infrastructure Partners’s payout ratio is 293.55%.

About Brookfield Infrastructure Partners

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.