UBS Group AG Sells 18,563 Shares of Brookfield Infrastructure Partners LP $BIP

UBS Group AG reduced its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 11.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 150,432 shares of the utilities provider’s stock after selling 18,563 shares during the quarter. UBS Group AG’s holdings in Brookfield Infrastructure Partners were worth $5,226,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. JCIC Asset Management Inc. grew its stake in Brookfield Infrastructure Partners by 6.6% in the 4th quarter. JCIC Asset Management Inc. now owns 5,589 shares of the utilities provider’s stock worth $194,000 after acquiring an additional 345 shares in the last quarter. Huntleigh Advisors Inc. grew its stake in Brookfield Infrastructure Partners by 3.3% in the 3rd quarter. Huntleigh Advisors Inc. now owns 10,974 shares of the utilities provider’s stock worth $361,000 after acquiring an additional 354 shares in the last quarter. ProShare Advisors LLC grew its stake in Brookfield Infrastructure Partners by 1.6% in the 3rd quarter. ProShare Advisors LLC now owns 25,357 shares of the utilities provider’s stock worth $834,000 after acquiring an additional 390 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Brookfield Infrastructure Partners by 0.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 67,771 shares of the utilities provider’s stock worth $2,229,000 after acquiring an additional 400 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in Brookfield Infrastructure Partners by 0.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock worth $1,494,000 after acquiring an additional 400 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TD Securities reiterated a “buy” rating and set a $57.00 price objective (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Royal Bank Of Canada increased their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Weiss Ratings downgraded shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. BMO Capital Markets reiterated an “outperform” rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Finally, TD Cowen reiterated a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.86.

Insider Activity

In related news, CFO David Tyler Krant purchased 1,150 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $48.10 per share, with a total value of $55,315.00. Following the completion of the acquisition, the chief financial officer owned 2,150 shares in the company, valued at approximately $103,415. This represents a 115.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Brookfield Infrastructure Partners Price Performance

Shares of BIP opened at $39.71 on Friday. The company has a market cap of $18.38 billion, a price-to-earnings ratio of 60.16 and a beta of 1.03. Brookfield Infrastructure Partners LP has a twelve month low of $29.63 and a twelve month high of $40.32. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.74. The company has a 50 day moving average of $36.74 and a two-hundred day moving average of $36.26.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.62. The company had revenue of $6.30 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.82 earnings per share. As a group, 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. Shareholders 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 4.6%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 275.76%.

Brookfield Infrastructure Partners Company 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.