Baskin Financial Services Inc. Lowers Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Baskin Financial Services Inc. decreased its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 347,692 shares of the utilities provider’s stock after selling 6,739 shares during the quarter. Brookfield Infrastructure Partners makes up 0.9% of Baskin Financial Services Inc.’s holdings, making the stock its 29th largest holding. Baskin Financial Services Inc. owned about 0.07% of Brookfield Infrastructure Partners worth $11,042,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of Brookfield Infrastructure Partners by 2.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 73,734 shares of the utilities provider’s stock valued at $2,023,000 after purchasing an additional 1,612 shares in the last quarter. Creative Planning raised its stake in Brookfield Infrastructure Partners by 9.9% in the second quarter. Creative Planning now owns 67,056 shares of the utilities provider’s stock worth $1,840,000 after buying an additional 6,024 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Brookfield Infrastructure Partners by 16.0% during the second quarter. Cetera Investment Advisers now owns 37,032 shares of the utilities provider’s stock worth $1,016,000 after buying an additional 5,108 shares during the period. Value Partners Investments Inc. bought a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at $596,000. Finally, Inspire Investing LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at $894,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Down 2.4 %

NYSE BIP opened at $32.78 on Monday. Brookfield Infrastructure Partners L.P. has a 12-month low of $24.84 and a 12-month high of $36.50. The company has a fifty day simple moving average of $32.79 and a two-hundred day simple moving average of $32.97. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The stock has a market cap of $15.21 billion, a P/E ratio of -86.26 and a beta of 1.07.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 0.02% and a net margin of 0.03%. On average, analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.09 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 5.25%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s dividend payout ratio is currently 4,300.00%.

Analyst Ratings Changes

Several equities analysts have issued reports on BIP shares. TD Securities lifted their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Friday. Finally, Raymond James upped their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Brookfield Infrastructure Partners has an average rating of “Buy” and a consensus price target of $42.20.

Brookfield Infrastructure Partners Company 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.