Clearstead Trust LLC Invests $865,000 in Brookfield Infrastructure Partners LP $BIP

Clearstead Trust LLC purchased a new position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,706 shares of the utilities provider’s stock, valued at approximately $865,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Clear Trail Advisors LLC lifted its position in Brookfield Infrastructure Partners by 5.0% during the 1st quarter. Clear Trail Advisors LLC now owns 7,344 shares of the utilities provider’s stock worth $265,000 after acquiring an additional 350 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Brookfield Infrastructure Partners by 4.8% in the fourth quarter. NewEdge Advisors LLC now owns 8,758 shares of the utilities provider’s stock valued at $304,000 after purchasing an additional 400 shares during the period. Public Sector Pension Investment Board raised 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 purchasing an additional 400 shares during the last quarter. Empire Financial Management Company LLC raised its stake in shares of Brookfield Infrastructure Partners by 1.0% during the fourth quarter. Empire Financial Management Company LLC now owns 40,792 shares of the utilities provider’s stock worth $1,417,000 after purchasing an additional 403 shares during the last quarter. Finally, State of Wyoming lifted its holdings 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 purchasing an additional 407 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $39.77 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.89. Brookfield Infrastructure Partners LP has a one year low of $29.63 and a one year high of $44.03. The firm has a market capitalization of $18.31 billion, a P/E ratio of 64.14 and a beta of 1.05. The company’s fifty day moving average is $38.62 and its two-hundred day moving average is $37.84.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, August 31st. Brookfield Infrastructure Partners’s dividend payout ratio is presently 293.55%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. National Bank Financial lifted their price objective on shares of Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Morgan Stanley restated an “overweight” rating and set a $50.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Wednesday. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $47.00 target price (up from $45.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, July 31st. Weiss Ratings raised shares of Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and an average target price of $45.33.

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.