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

Baskin Financial Services Inc. trimmed its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 347,692 shares of the utilities provider’s stock after selling 6,739 shares during the period. Brookfield Infrastructure Partners comprises 0.9% of Baskin Financial Services Inc.’s holdings, making the stock its 29th largest position. Baskin Financial Services Inc.’s holdings in Brookfield Infrastructure Partners were worth $11,042,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Creative Planning increased its holdings in shares of Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. Creative Planning now owns 67,445 shares of the utilities provider’s stock valued at $2,363,000 after purchasing an additional 389 shares in the last quarter. Insight Folios Inc raised its holdings in Brookfield Infrastructure Partners by 3.2% in the 3rd quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider’s stock worth $587,000 after purchasing an additional 525 shares during the period. Cedar Mountain Advisors LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter worth approximately $26,000. Tacita Capital Inc grew its holdings in Brookfield Infrastructure Partners by 0.6% in the third quarter. Tacita Capital Inc now owns 147,208 shares of the utilities provider’s stock valued at $5,173,000 after purchasing an additional 837 shares during the period. Finally, Dunhill Financial LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $30,000. 57.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on BIP. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday. Raymond James upped their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research report on Thursday. TD Securities lifted their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. 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 report on Friday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $42.20.

Brookfield Infrastructure Partners Price Performance

NYSE:BIP opened at $32.78 on Monday. Brookfield Infrastructure Partners L.P. has a one year low of $24.84 and a one year high of $36.50. The stock has a market cap of $15.21 billion, a PE ratio of -86.26 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. The stock has a 50 day moving average price of $32.79 and a 200 day moving average price of $32.97.

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%. Equities research analysts expect that Brookfield Infrastructure Partners L.P. will post 3.09 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

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

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.