Westerkirk Capital Inc. Cuts Stock Position in Brookfield Infrastructure Partners LP $BIP

Westerkirk Capital Inc. lessened its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 93.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,340 shares of the utilities provider’s stock after selling 18,100 shares during the period. Westerkirk Capital Inc.’s holdings in Brookfield Infrastructure Partners were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JCIC Asset Management Inc. grew its stake in shares of Brookfield Infrastructure Partners by 6.6% during the fourth 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 during the last quarter. ProShare Advisors LLC grew its stake in shares of Brookfield Infrastructure Partners by 1.6% during the third quarter. ProShare Advisors LLC now owns 25,357 shares of the utilities provider’s stock worth $834,000 after acquiring an additional 390 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Brookfield Infrastructure Partners by 0.6% during the third 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 during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Brookfield Infrastructure Partners by 0.9% during the second 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 during the last quarter. Finally, State of Wyoming grew its stake in shares of Brookfield Infrastructure Partners by 12.6% during the second quarter. State of Wyoming now owns 3,649 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 407 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Insider Transactions at Brookfield Infrastructure Partners

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

Brookfield Infrastructure Partners Trading Down 0.0%

Brookfield Infrastructure Partners stock opened at $38.67 on Wednesday. Brookfield Infrastructure Partners LP has a 52 week low of $29.63 and a 52 week high of $40.32. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of 58.58 and a beta of 1.05. The stock has a 50-day moving average price of $37.39 and a 200 day moving average price of $36.62. 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 quarterly 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 during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the company posted $0.82 earnings per share. Sell-side analysts anticipate that Brookfield Infrastructure Partners LP will post 3.59 EPS for the current 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 yield of 4.7%. Brookfield Infrastructure Partners’s payout ratio is presently 275.76%.

Analyst Upgrades and Downgrades

BIP has been the subject of a number of research reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $45.00 target price (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. National Bank Financial lifted their target price on Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Morgan Stanley lifted their target price 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 downgraded 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 assigned a Hold rating to the company. According to data from MarketBeat, Brookfield Infrastructure Partners currently has a consensus rating of “Moderate Buy” and an average price target of $44.63.

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.