Mackenzie Financial Corp Grows Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Mackenzie Financial Corp boosted its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 8.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,784,509 shares of the utilities provider's stock after buying an additional 650,892 shares during the quarter. Mackenzie Financial Corp owned approximately 1.89% of Brookfield Infrastructure Partners worth $278,858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of Brookfield Infrastructure Partners by 24.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,130 shares of the utilities provider's stock worth $775,000 after buying an additional 4,281 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Brookfield Infrastructure Partners by 48.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,365 shares of the utilities provider's stock worth $711,000 after acquiring an additional 7,318 shares during the period. Walnut Private Equity Partners LLC grew its holdings in Brookfield Infrastructure Partners by 33.3% in the fourth quarter. Walnut Private Equity Partners LLC now owns 100,000 shares of the utilities provider's stock worth $3,179,000 after purchasing an additional 25,000 shares during the period. Montrusco Bolton Investments Inc. increased its position in Brookfield Infrastructure Partners by 5.0% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 829,187 shares of the utilities provider's stock valued at $26,337,000 after buying an additional 39,565 shares in the last quarter. Finally, Custom Index Systems LLC bought a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at $234,000. Institutional investors own 57.92% of the company's stock.

Wall Street Analyst Weigh In

BIP has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. TD Securities upped their price target on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Citigroup lowered their price target on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Wall Street Zen raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. Finally, Raymond James increased their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Brookfield Infrastructure Partners currently has an average rating of "Buy" and a consensus target price of $41.67.

Brookfield Infrastructure Partners Stock Performance

BIP traded down $0.14 during trading on Thursday, hitting $33.15. 195,846 shares of the company traded hands, compared to its average volume of 552,482. Brookfield Infrastructure Partners L.P. has a one year low of $25.72 and a one year high of $36.50. The stock's fifty day moving average is $30.20 and its 200 day moving average is $31.61. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. The firm has a market cap of $15.40 billion, a P/E ratio of 829.16 and a beta of 1.07.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its earnings results on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. The business had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the business posted $0.78 earnings per share. As a group, equities analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 5.19%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is currently -8,600.00%.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.