Clearstead Trust LLC acquired a new position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP – Free Report) (TSE:BIP.UN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,706 shares of the utilities provider’s stock, valued at approximately $865,000.
Other hedge funds have also made changes to their positions in the company. Clear Trail Advisors LLC increased its position in shares of Brookfield Infrastructure Partners by 5.0% in the first quarter. Clear Trail Advisors LLC now owns 7,344 shares of the utilities provider’s stock valued at $265,000 after buying an additional 350 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Brookfield Infrastructure Partners by 4.8% in the 4th quarter. NewEdge Advisors LLC now owns 8,758 shares of the utilities provider’s stock worth $304,000 after buying an additional 400 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Brookfield Infrastructure Partners by 0.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock worth $1,494,000 after buying an additional 400 shares in the last quarter. Empire Financial Management Company LLC grew its stake in Brookfield Infrastructure Partners by 1.0% in the 4th quarter. Empire Financial Management Company LLC now owns 40,792 shares of the utilities provider’s stock valued at $1,417,000 after acquiring an additional 403 shares during the last quarter. Finally, State of Wyoming grew its stake in Brookfield Infrastructure Partners by 12.6% in the 2nd quarter. State of Wyoming now owns 3,649 shares of the utilities provider’s stock valued at $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.
Brookfield Infrastructure Partners Price Performance
Brookfield Infrastructure Partners stock opened at $39.77 on Friday. Brookfield Infrastructure Partners LP has a 12-month low of $29.63 and a 12-month high of $44.03. The stock has a market capitalization of $18.31 billion, a P/E ratio of 64.14 and a beta of 1.05. The firm’s 50-day moving average is $38.62 and its two-hundred day moving average is $37.84. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.89 and a quick ratio of 0.84.
Brookfield Infrastructure Partners Announces Dividend
Analyst Ratings Changes
BIP has been the subject of a number of research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $47.00 target price (up from $45.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, July 31st. National Bank Financial increased their price target 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. Weiss Ratings raised shares of Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. 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. Finally, Citigroup reaffirmed a “neutral” rating and issued a $41.00 target price (up from $37.00) on shares of Brookfield Infrastructure Partners in a research note on Monday, August 3rd. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.33.
View Our Latest Stock Analysis on BIP
Brookfield Infrastructure Partners 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.
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