Baskin Financial Services Inc. Decreases Stock Holdings in Brookfield Infrastructure Partners LP (NYSE:BIP)

Baskin Financial Services Inc. decreased its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 337,744 shares of the utilities provider's stock after selling 9,948 shares during the period. Baskin Financial Services Inc. owned approximately 0.07% of Brookfield Infrastructure Partners worth $10,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of BIP. Oppenheimer & Co. Inc. bought a new position in Brookfield Infrastructure Partners during the fourth quarter valued at $1,324,000. Jones Financial Companies Lllp increased its position in Brookfield Infrastructure Partners by 250.3% during the fourth quarter. Jones Financial Companies Lllp now owns 9,049 shares of the utilities provider's stock valued at $288,000 after acquiring an additional 6,466 shares during the last quarter. Keybank National Association OH increased its position in Brookfield Infrastructure Partners by 3.5% during the fourth quarter. Keybank National Association OH now owns 37,523 shares of the utilities provider's stock valued at $1,193,000 after acquiring an additional 1,272 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in Brookfield Infrastructure Partners by 3.4% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 710,827 shares of the utilities provider's stock valued at $22,597,000 after acquiring an additional 23,374 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Brookfield Infrastructure Partners during the fourth quarter valued at $5,306,000. Institutional investors own 57.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BIP shares. Citigroup lowered 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 research note on Thursday, May 1st. Royal Bank Of Canada reissued an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $41.67.

Brookfield Infrastructure Partners Trading Up 0.0%

Shares of BIP traded up $0.01 during trading hours on Friday, reaching $33.80. 186,880 shares of the company traded hands, compared to its average volume of 441,542. The firm has a market cap of $15.70 billion, a price-to-earnings ratio of -1,688.91 and a beta of 1.08. Brookfield Infrastructure Partners LP has a 12-month low of $25.72 and a 12-month high of $36.50. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.64. The stock's fifty day moving average price is $32.61 and its 200 day moving average price is $31.43.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its earnings results on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.01. Brookfield Infrastructure Partners had a net margin of 1.41% and a return on equity of 1.04%. The firm had revenue of $5.39 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. Sell-side analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date was Friday, May 30th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently -8,600.00%.

Brookfield Infrastructure Partners 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.