K.J. Harrison & Partners Inc Increases Stock Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

K.J. Harrison & Partners Inc increased its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 44.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 24,245 shares of the utilities provider’s stock after acquiring an additional 7,500 shares during the period. K.J. Harrison & Partners Inc’s holdings in Brookfield Infrastructure Partners were worth $772,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BIP. Principal Financial Group Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 12.0% in the fourth quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider’s stock valued at $848,018,000 after purchasing an additional 2,866,195 shares during the period. Toronto Dominion Bank boosted its position in Brookfield Infrastructure Partners by 24.6% in the 3rd quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider’s stock valued at $140,273,000 after buying an additional 790,078 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Brookfield Infrastructure Partners by 5.4% during the third 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. Intact Investment Management Inc. purchased a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth about $40,286,000. Finally, Pathway Financial Advisers LLC lifted its stake in shares of Brookfield Infrastructure Partners by 1,616.3% in the third quarter. Pathway Financial Advisers LLC now owns 1,079,521 shares of the utilities provider’s stock worth $37,826,000 after acquiring an additional 1,016,623 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Down 1.0 %

Shares of NYSE:BIP opened at $32.09 on Thursday. The company’s fifty day moving average is $32.34 and its two-hundred day moving average is $33.24. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. Brookfield Infrastructure Partners L.P. has a 1-year low of $24.84 and a 1-year high of $36.50. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 802.45 and a beta of 1.08.

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

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 5.36%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s payout ratio is currently 4,051.01%.

Wall Street Analysts Forecast Growth

BIP has been the subject of a number of recent analyst reports. Raymond James raised their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 30th. TD Securities lifted their price target on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Scotiabank raised their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, 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, January 31st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Brookfield Infrastructure Partners presently has a consensus rating of “Buy” and an average price target of $42.50.

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.