Keybank National Association OH Buys 1,272 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Keybank National Association OH lifted its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,523 shares of the utilities provider’s stock after acquiring an additional 1,272 shares during the quarter. Keybank National Association OH’s holdings in Brookfield Infrastructure Partners were worth $1,193,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 12.0% during the 4th quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider’s stock worth $848,018,000 after acquiring an additional 2,866,195 shares in the last quarter. Toronto Dominion Bank boosted its stake in Brookfield Infrastructure Partners by 24.6% during the 3rd quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider’s stock valued at $140,273,000 after purchasing an additional 790,078 shares during the period. National Bank of Canada FI raised its holdings in Brookfield Infrastructure Partners by 5.4% in the 3rd quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock valued at $89,362,000 after acquiring an additional 130,371 shares in the last quarter. Montrusco Bolton Investments Inc. raised its holdings in Brookfield Infrastructure Partners by 5.0% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 829,187 shares of the utilities provider’s stock valued at $26,337,000 after acquiring an additional 39,565 shares in the last quarter. Finally, Addenda Capital Inc. raised its holdings in Brookfield Infrastructure Partners by 129.5% in the 4th quarter. Addenda Capital Inc. now owns 680,481 shares of the utilities provider’s stock valued at $21,632,000 after acquiring an additional 384,000 shares in the last quarter. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Down 0.7 %

Shares of BIP opened at $28.65 on Friday. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 716.33 and a beta of 1.10. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. The business’s fifty day moving average price is $32.17 and its two-hundred day moving average price is $33.19. Brookfield Infrastructure Partners L.P. has a 52 week low of $24.84 and a 52 week high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. On average, analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.43 dividend. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 6.00%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 4,300.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Raymond James increased their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 31st. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. TD Securities increased their price target on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Scotiabank increased their price objective on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $42.50.

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.