NBC Securities Inc. Grows Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

NBC Securities Inc. increased its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 120,467.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,993 shares of the utilities provider's stock after acquiring an additional 40,959 shares during the period. NBC Securities Inc.'s holdings in Brookfield Infrastructure Partners were worth $1,221,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 12.0% in the 4th quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider's stock valued at $848,018,000 after purchasing an additional 2,866,195 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Brookfield Infrastructure Partners by 8.0% in the 4th quarter. Mackenzie Financial Corp now owns 8,784,509 shares of the utilities provider's stock valued at $278,858,000 after purchasing an additional 650,892 shares during the last quarter. Scotia Capital Inc. boosted its holdings 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 during the last quarter. Intact Investment Management Inc. boosted its holdings 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 during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 6.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,492,480 shares of the utilities provider's stock valued at $46,978,000 after purchasing an additional 94,103 shares during the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BIP has been the topic of a number of research analyst reports. Scotiabank lifted their price target on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Royal Bank of Canada reissued an "outperform" rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. Finally, Citigroup reduced their target price on shares of Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Two investment 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, the stock currently has a consensus rating of "Buy" and an average target price of $41.67.

Brookfield Infrastructure Partners Stock Up 0.6%

NYSE:BIP traded up $0.20 during trading hours on Wednesday, hitting $33.54. The stock had a trading volume of 268,603 shares, compared to its average volume of 443,228. The company has a market cap of $15.58 billion, a PE ratio of 838.71 and a beta of 1.07. The business has a 50 day simple moving average of $30.45 and a two-hundred day simple moving average of $31.56. Brookfield Infrastructure Partners L.P. has a 1-year low of $25.72 and a 1-year high of $36.50. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72.

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

Brookfield Infrastructure Partners Dividend Announcement

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 paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.13%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is -8,600.00%.

About Brookfield Infrastructure Partners

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.