Brookfield Infrastructure Partners L.P. (NYSE:BIP) Stock Position Raised by Mackenzie Financial Corp

Mackenzie Financial Corp grew its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 12.0% in the fourth quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider's stock valued at $848,018,000 after acquiring an additional 2,866,195 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at approximately $22,033,000. Guardian Capital LP bought a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at approximately $21,099,000. Intact Investment Management Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 52.1% in the fourth quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock valued at $55,477,000 after acquiring an additional 598,290 shares in the last quarter. Finally, Mufg Securities Canada LTD. boosted its holdings in shares of Brookfield Infrastructure Partners by 72.1% in the fourth quarter. Mufg Securities Canada LTD. now owns 704,968 shares of the utilities provider's stock valued at $22,388,000 after acquiring an additional 295,232 shares in the last quarter. Institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Price Performance

NYSE:BIP traded up $0.08 during trading hours on Wednesday, reaching $33.34. 466,030 shares of the company's stock were exchanged, compared to its average volume of 445,056. 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 company has a market capitalization of $15.49 billion, a P/E ratio of 833.78 and a beta of 1.07. Brookfield Infrastructure Partners L.P. has a 12 month low of $25.72 and a 12 month high of $36.50. The business's 50-day simple moving average is $30.11 and its two-hundred day simple moving average is $31.60.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The business had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $2 billion. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. During the same quarter in the prior year, the firm earned $0.78 EPS. Sell-side analysts expect that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 5.16%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently -8,600.00%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BIP. Raymond James increased their price objective 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Citigroup reduced their target price on shares of Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. Finally, Scotiabank raised their target price on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Brookfield Infrastructure Partners has a consensus rating of "Buy" and an average target price 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.