AGF Management Ltd. Acquires 578,966 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

AGF Management Ltd. lifted its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 24.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,964,836 shares of the utilities provider's stock after acquiring an additional 578,966 shares during the quarter. AGF Management Ltd. owned about 0.65% of Brookfield Infrastructure Partners worth $93,438,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter worth about $30,000. Rational Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth about $39,000. LWM Advisory Services LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth about $48,000. CWM LLC boosted its stake in shares of Brookfield Infrastructure Partners by 33.7% during the 4th quarter. CWM LLC now owns 2,986 shares of the utilities provider's stock worth $94,000 after acquiring an additional 753 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth about $182,000. Institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Up 0.2 %

Brookfield Infrastructure Partners stock traded up $0.07 during trading hours on Friday, hitting $30.75. The stock had a trading volume of 496,691 shares, compared to its average volume of 524,506. The company has a 50-day moving average of $28.74 and a two-hundred day moving average of $28.99. The company has a market cap of $14.19 billion, a PE ratio of 99.19 and a beta of 0.99. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a $0.405 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.62 annualized dividend and a yield of 5.27%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is 522.58%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BMO Capital Markets decreased their target price on Brookfield Infrastructure Partners from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Thursday, May 2nd. National Bankshares downgraded Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating and set a $32.00 target price for the company. in a research note on Tuesday, January 30th. National Bank Financial downgraded Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, January 30th. Jefferies Financial Group decreased their target price on Brookfield Infrastructure Partners from $37.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, April 17th. Finally, StockNews.com downgraded Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $38.20.

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.