Key Points
- CFO David Tyler Krant bought 1,150 shares on May 1 at an average price of $48.10 (total $55,315), raising his holding to 2,150 shares — a 115% increase disclosed in an SEC filing.
- Q1 results beat expectations: Brookfield Infrastructure reported $0.90 EPS vs. $0.28 consensus and revenue of $6.30 billion versus $2.13 billion estimated.
- Dividend announced: a quarterly payout of $0.455 (annualized $1.82) with an ex-dividend date of May 29 and a yield around 5.0%, though the payout ratio is very high (~275.8%).
Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) (TSE:BIP.UN) CFO David Tyler Krant acquired 1,150 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $48.10 per share, with a total value of $55,315.00. Following the acquisition, the chief financial officer owned 2,150 shares in the company, valued at $103,415. The trade was a 115.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Brookfield Infrastructure Partners Trading Up 1.6%
Shares of BIP opened at $36.31 on Wednesday. The business has a 50-day moving average of $36.89 and a 200 day moving average of $35.94. Brookfield Infrastructure Partners LP has a fifty-two week low of $29.63 and a fifty-two week high of $40.32. The firm has a market cap of $16.81 billion, a P/E ratio of 55.01 and a beta of 1.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.75 and a current ratio of 0.04.
Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) (TSE:BIP.UN) last announced its quarterly earnings data 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 return on equity of 2.54% and a net margin of 3.46%.The company had revenue of $6.30 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted $0.82 EPS. As a group, research analysts forecast that Brookfield Infrastructure Partners LP will post 3.63 EPS for the current year.
Brookfield Infrastructure Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 annualized dividend and a yield of 5.0%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is 275.76%.
Analysts Set New Price Targets
Several brokerages recently weighed in on BIP. Morgan Stanley raised Brookfield Infrastructure Partners from an "equal weight" rating to an "overweight" rating and set a $45.00 price objective for the company in a report on Monday, March 23rd. BMO Capital Markets reissued an "outperform" rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. TD Securities reissued a "buy" rating and issued a $57.00 price objective (up from $55.00) on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Weiss Ratings downgraded Brookfield Infrastructure Partners from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 29th. Finally, TD Cowen restated 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $43.71.
View Our Latest Stock Report on Brookfield Infrastructure Partners
Institutional Investors Weigh In On Brookfield Infrastructure Partners
Several institutional investors have recently bought and sold shares of BIP. Principal Financial Group Inc. raised its position in Brookfield Infrastructure Partners by 10.1% during the 3rd quarter. Principal Financial Group Inc. now owns 31,975,602 shares of the utilities provider's stock valued at $1,051,678,000 after purchasing an additional 2,933,287 shares during the last quarter. Capital World Investors raised its position in Brookfield Infrastructure Partners by 0.3% during the 4th quarter. Capital World Investors now owns 31,104,057 shares of the utilities provider's stock valued at $1,081,181,000 after purchasing an additional 86,068 shares during the last quarter. Bank of Montreal Can raised its position in 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 purchasing an additional 926,167 shares during the last quarter. CIBC Asset Management Inc raised its position in Brookfield Infrastructure Partners by 7.4% during the 4th quarter. CIBC Asset Management Inc now owns 8,559,336 shares of the utilities provider's stock valued at $297,699,000 after purchasing an additional 589,915 shares during the last quarter. Finally, Scotia Capital Inc. raised its position in Brookfield Infrastructure Partners by 6.2% during the 3rd quarter. Scotia Capital Inc. now owns 7,367,383 shares of the utilities provider's stock valued at $241,967,000 after purchasing an additional 431,557 shares during the last quarter. 57.92% of the stock is currently owned by hedge funds and other institutional investors.
Brookfield Infrastructure Partners Company Profile
(
Get Free Report)
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.
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