Mackenzie Financial Corp Acquires 650,892 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Mackenzie Financial Corp lifted its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,784,509 shares of the utilities provider's stock after purchasing an additional 650,892 shares during the period. Mackenzie Financial Corp owned approximately 1.89% of Brookfield Infrastructure Partners worth $278,858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. JT Stratford LLC raised its position in Brookfield Infrastructure Partners by 13.0% during the fourth quarter. JT Stratford LLC now owns 71,204 shares of the utilities provider's stock valued at $2,264,000 after buying an additional 8,211 shares during the period. Waverly Advisors LLC acquired a new position in Brookfield Infrastructure Partners during the fourth quarter valued at $344,000. Meketa Capital LLC acquired a new position in Brookfield Infrastructure Partners during the fourth quarter valued at $1,423,000. JARISLOWSKY FRASER Ltd raised its position in Brookfield Infrastructure Partners by 89.0% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 12,097 shares of the utilities provider's stock valued at $384,000 after buying an additional 5,697 shares during the period. Finally, Focus Partners Wealth raised its position in Brookfield Infrastructure Partners by 103.3% during the fourth quarter. Focus Partners Wealth now owns 22,803 shares of the utilities provider's stock valued at $759,000 after buying an additional 11,587 shares during the period. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Trading Up 1.9%

Shares of BIP stock traded up $0.62 on Tuesday, reaching $33.19. 567,920 shares of the stock were exchanged, compared to its average volume of 444,973. The stock has a market cap of $15.42 billion, a PE ratio of 830.03 and a beta of 1.07. Brookfield Infrastructure Partners L.P. has a one year low of $25.72 and a one year high of $36.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72. The stock has a 50 day moving average price of $30.11 and a 200 day moving average price of $31.60.

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 for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. The company had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $2 billion. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. During the same quarter in the previous year, the company posted $0.78 earnings per share. Equities research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure Partners's payout ratio is presently -8,600.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BIP shares. Citigroup dropped their price target on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Raymond James upped their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. Wall Street Zen raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Finally, Scotiabank raised their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $41.67.

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.