Baskin Financial Services Inc. Has $15.07 Million Stock Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Baskin Financial Services Inc. cut its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 478,182 shares of the utilities provider's stock after selling 74,468 shares during the period. Brookfield Infrastructure Partners makes up about 1.4% of Baskin Financial Services Inc.'s holdings, making the stock its 28th biggest position. Baskin Financial Services Inc. owned 0.10% of Brookfield Infrastructure Partners worth $15,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BIP. Royal Bank of Canada grew its holdings in shares of Brookfield Infrastructure Partners by 1.4% during the second quarter. Royal Bank of Canada now owns 43,553,186 shares of the utilities provider's stock valued at $1,589,691,000 after buying an additional 618,631 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Brookfield Infrastructure Partners by 8.3% in the third quarter. The Manufacturers Life Insurance Company now owns 17,876,978 shares of the utilities provider's stock valued at $525,947,000 after purchasing an additional 1,362,482 shares in the last quarter. Principal Financial Group Inc. grew its stake in Brookfield Infrastructure Partners by 11.7% in the third quarter. Principal Financial Group Inc. now owns 16,337,632 shares of the utilities provider's stock valued at $480,326,000 after purchasing an additional 1,714,740 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Brookfield Infrastructure Partners by 6.3% in the fourth quarter. 1832 Asset Management L.P. now owns 15,750,231 shares of the utilities provider's stock valued at $488,100,000 after purchasing an additional 938,006 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Brookfield Infrastructure Partners by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,344,597 shares of the utilities provider's stock valued at $420,203,000 after purchasing an additional 685,194 shares in the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BIP has been the topic of a number of recent research reports. BMO Capital Markets boosted their target price on Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, January 10th. Jefferies Financial Group assumed coverage on Brookfield Infrastructure Partners in a research report on Tuesday, February 27th. They issued a "buy" rating for the company. Raymond James boosted their price target on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 2nd. TD Securities reduced their price target on Brookfield Infrastructure Partners from $47.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, February 2nd. Finally, National Bankshares cut Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating and set a $32.00 price objective for the company. in a research report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Brookfield Infrastructure Partners currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.11.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners stock traded down $0.87 during trading hours on Tuesday, hitting $29.53. The stock had a trading volume of 381,390 shares, compared to its average volume of 508,331. The company has a 50-day moving average of $30.31 and a two-hundred day moving average of $28.92. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.20. The company has a market cap of $13.62 billion, a PE ratio of 210.94 and a beta of 0.95. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $21.03 and a fifty-two week high of $37.32.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings data on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.99). Brookfield Infrastructure Partners had a net margin of 1.34% and a return on equity of 0.79%. The company had revenue of $4.97 billion during the quarter. On average, equities research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.32 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a $0.405 dividend. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Infrastructure Partners's dividend payout ratio is currently 1,157.23%.

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 60,000 kilometers (km) of operational electricity transmission and distribution lines; 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.8 million electricity and natural gas connections; and 540,000 long-term contracted sub-metering services.

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