Baskin Financial Services Inc. Reduces Position in Brookfield Infrastructure Partners LP (NYSE:BIP)

Baskin Financial Services Inc. cut its position in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 2.9% in the 1st quarter, according to its most recent disclosure with the SEC. 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 SEC filing.

A number of other large investors have also recently made changes to their positions in BIP. Mackenzie Financial Corp raised its holdings in shares of Brookfield Infrastructure Partners by 8.0% in the fourth quarter. Mackenzie Financial Corp now owns 8,784,509 shares of the utilities provider's stock worth $278,858,000 after buying an additional 650,892 shares during the period. Scotia Capital Inc. increased its stake in shares of Brookfield Infrastructure Partners by 2.7% in the 4th quarter. Scotia Capital Inc. now owns 6,432,381 shares of the utilities provider's stock valued at $202,492,000 after purchasing an additional 171,748 shares in the last quarter. Intact Investment Management Inc. increased its stake in shares of Brookfield Infrastructure Partners by 52.1% in the 4th quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock valued at $55,477,000 after purchasing an additional 598,290 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Brookfield Infrastructure Partners by 6.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,492,480 shares of the utilities provider's stock worth $46,978,000 after buying an additional 94,103 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Brookfield Infrastructure Partners by 3.4% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 710,827 shares of the utilities provider's stock worth $22,597,000 after purchasing an additional 23,374 shares during the last quarter. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Trading Up 0.0%

Brookfield Infrastructure Partners stock traded up $0.01 during midday trading on Thursday, hitting $33.80. 186,880 shares of the stock were exchanged, compared to its average volume of 442,441. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.64. Brookfield Infrastructure Partners LP has a 52 week low of $25.72 and a 52 week high of $36.50. The company has a fifty day simple moving average of $32.51 and a two-hundred day simple moving average of $31.41. The stock has a market capitalization of $15.70 billion, a PE ratio of 10.66 and a beta of 1.08.

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 for the quarter, topping 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 business had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the company earned $0.78 earnings per share. Equities research analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

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

Analysts Set New Price Targets

BIP has been the topic of a number of recent research reports. Citigroup cut their price objective 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. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Two 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. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $41.67.

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.