Brookfield Infrastructure Partners LP $BIP Shares Sold by First Manhattan CO. LLC.

First Manhattan CO. LLC. trimmed its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,878,459 shares of the utilities provider’s stock after selling 33,537 shares during the period. First Manhattan CO. LLC.’s holdings in Brookfield Infrastructure Partners were worth $65,258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of BIP. Goldman Sachs Group Inc. boosted its stake in Brookfield Infrastructure Partners by 12.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,802,475 shares of the utilities provider’s stock valued at $53,696,000 after acquiring an additional 195,276 shares in the last quarter. Focus Partners Wealth boosted its stake in Brookfield Infrastructure Partners by 8.5% in the first quarter. Focus Partners Wealth now owns 24,734 shares of the utilities provider’s stock valued at $737,000 after acquiring an additional 1,931 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in Brookfield Infrastructure Partners in the second quarter valued at approximately $2,595,000. Glenview Trust co acquired a new stake in Brookfield Infrastructure Partners in the second quarter valued at approximately $201,000. Finally, Raymond James Financial Inc. boosted its stake in Brookfield Infrastructure Partners by 8.8% in the second quarter. Raymond James Financial Inc. now owns 724,975 shares of the utilities provider’s stock valued at $24,287,000 after acquiring an additional 58,511 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Trading Down 1.9%

NYSE:BIP opened at $37.35 on Thursday. Brookfield Infrastructure Partners LP has a 12 month low of $29.63 and a 12 month high of $40.32. The firm has a fifty day simple moving average of $37.64 and a 200-day simple moving average of $36.73. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $17.29 billion, a P/E ratio of 56.59 and a beta of 1.05.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.90 EPS 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 during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, equities research analysts anticipate that Brookfield Infrastructure Partners LP will post 3.59 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, May 29th. Brookfield Infrastructure Partners’s payout ratio is presently 275.76%.

Insider Activity at Brookfield Infrastructure Partners

In related news, CFO David Tyler Krant acquired 1,150 shares of the stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $48.10 per share, for a total transaction of $55,315.00. Following the completion of the purchase, the chief financial officer owned 2,150 shares of the company’s stock, valued at approximately $103,415. This represents a 115.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

BIP has been the subject of several recent analyst reports. National Bank Financial raised their target price on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Morgan Stanley raised their target price on shares of Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. 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. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a research note on Tuesday, May 26th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.63.

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.