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

Mackenzie Financial Corp increased its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 28.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,118,909 shares of the utilities provider's stock after purchasing an additional 1,565,246 shares during the quarter. Mackenzie Financial Corp owned approximately 1.55% of Brookfield Infrastructure Partners worth $224,468,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Bank of Nova Scotia increased its holdings in shares of Brookfield Infrastructure Partners by 413.9% in the 3rd quarter. Bank of Nova Scotia now owns 4,278,411 shares of the utilities provider's stock valued at $125,557,000 after acquiring an additional 3,445,832 shares during the period. Principal Financial Group Inc. increased its stake in Brookfield Infrastructure Partners by 11.7% during the third quarter. Principal Financial Group Inc. now owns 16,337,632 shares of the utilities provider's stock worth $480,326,000 after acquiring an additional 1,714,740 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Brookfield Infrastructure Partners by 8.3% during the third quarter. The Manufacturers Life Insurance Company now owns 17,876,978 shares of the utilities provider's stock worth $525,947,000 after acquiring an additional 1,362,482 shares during the last quarter. 1832 Asset Management L.P. boosted its position in shares of Brookfield Infrastructure Partners by 6.3% during the fourth quarter. 1832 Asset Management L.P. now owns 15,750,231 shares of the utilities provider's stock worth $488,100,000 after buying an additional 938,006 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Brookfield Infrastructure Partners by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 6,344,597 shares of the utilities provider's stock worth $420,203,000 after buying an additional 685,194 shares during the period. Hedge funds and other institutional investors own 57.92% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BIP. TD Securities decreased their price target on Brookfield Infrastructure Partners from $47.00 to $46.00 and set a "buy" rating for the company in a report on Friday, February 2nd. BMO Capital Markets boosted their price target on Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 10th. National Bankshares lowered Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating and set a $32.00 target price on the stock. in a research note on Tuesday, January 30th. Raymond James boosted their price target on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a "strong-buy" rating in a report on Friday, February 2nd. Finally, National Bank Financial downgraded Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating in a report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners has an average rating of "Moderate Buy" and an average target price of $39.11.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE:BIP traded down $0.48 during trading hours on Monday, hitting $25.36. The stock had a trading volume of 823,308 shares, compared to its average volume of 519,670. The stock's fifty day simple moving average is $29.79 and its 200 day simple moving average is $28.76. Brookfield Infrastructure Partners L.P. has a 1-year low of $21.03 and a 1-year high of $37.32. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 182.43 and a beta of 0.95. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.64 and a current ratio of 0.68.

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

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.405 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 6.39%. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.38. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is 1,157.14%.

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.