State of Wisconsin Investment Board Grows Stock Position in Brookfield Infrastructure Partners LP $BIP

State of Wisconsin Investment Board boosted its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 212.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,592,339 shares of the utilities provider’s stock after acquiring an additional 1,762,436 shares during the quarter. State of Wisconsin Investment Board’s holdings in Brookfield Infrastructure Partners were worth $90,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital World Investors boosted its holdings in Brookfield Infrastructure Partners by 0.3% in the 4th quarter. Capital World Investors now owns 31,104,057 shares of the utilities provider’s stock worth $1,081,181,000 after acquiring an additional 86,068 shares during the period. Bank of Montreal Can boosted its holdings in Brookfield Infrastructure Partners by 3.4% in the 3rd quarter. Bank of Montreal Can now owns 28,289,627 shares of the utilities provider’s stock worth $930,446,000 after acquiring an additional 926,167 shares during the period. CIBC Asset Management Inc boosted its holdings in Brookfield Infrastructure Partners by 7.4% in the 4th quarter. CIBC Asset Management Inc now owns 8,559,336 shares of the utilities provider’s stock worth $297,699,000 after acquiring an additional 589,915 shares during the period. Scotia Capital Inc. boosted its holdings in Brookfield Infrastructure Partners by 6.2% in the 3rd quarter. Scotia Capital Inc. now owns 7,367,383 shares of the utilities provider’s stock worth $241,967,000 after acquiring an additional 431,557 shares during the period. Finally, TD Asset Management Inc boosted its holdings in Brookfield Infrastructure Partners by 3.8% in the 4th quarter. TD Asset Management Inc now owns 7,015,901 shares of the utilities provider’s stock worth $244,192,000 after acquiring an additional 259,074 shares during the period. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Insider Activity

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant bought 1,150 shares of the business’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $48.10 per share, with a total value of $55,315.00. Following the transaction, the chief financial officer directly owned 2,150 shares in the company, valued at approximately $103,415. This trade represents a 115.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Analysts Set New Price Targets

A number of research firms have weighed in on BIP. National Bank Financial upped their price target on Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $45.00 price target (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Morgan Stanley upped their price target on Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings cut Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.63.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $38.02 on Wednesday. The business’s 50 day moving average is $37.62 and its two-hundred day moving average is $36.72. Brookfield Infrastructure Partners LP has a 52-week low of $29.63 and a 52-week high of $40.32. The firm has a market cap of $17.60 billion, a price-to-earnings ratio of 57.60 and a beta of 1.05. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.74.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the company posted $0.82 EPS. Analysts forecast that Brookfield Infrastructure Partners LP will post 3.59 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently announced 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. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Infrastructure Partners’s dividend payout ratio is presently 275.76%.

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.