Mufg Securities Canada LTD. Has $22.39 Million Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Mufg Securities Canada LTD. boosted its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 72.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 704,968 shares of the utilities provider's stock after purchasing an additional 295,232 shares during the quarter. Mufg Securities Canada LTD. owned about 0.15% of Brookfield Infrastructure Partners worth $22,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BIP. Principal Financial Group Inc. raised its position 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 buying an additional 2,866,195 shares in the last quarter. Toronto Dominion Bank raised its stake in Brookfield Infrastructure Partners by 24.6% in the third 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 in the last quarter. National Bank of Canada FI lifted its position in 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 worth $89,362,000 after purchasing an additional 130,371 shares during the period. Intact Investment Management Inc. grew its stake in Brookfield Infrastructure Partners by 52.1% during the fourth quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock worth $55,477,000 after buying an additional 598,290 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. increased 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 buying an additional 39,565 shares during the period. 57.92% of the stock is owned by institutional investors and hedge funds.

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Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP traded down $0.66 during mid-day trading on Friday, hitting $29.70. 534,523 shares of the stock traded hands, compared to its average volume of 419,783. The company has a market cap of $13.79 billion, a PE ratio of 742.74 and a beta of 1.10. Brookfield Infrastructure Partners L.P. has a twelve month low of $24.84 and a twelve month high of $36.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $31.33 and a two-hundred day simple moving average of $32.88.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. As a group, equities research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 5.79%. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently 4,300.00%.

Analysts Set New Price Targets

BIP has been the topic of several analyst reports. Scotiabank increased their price target on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Raymond James raised their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a report on Thursday, January 30th. TD Securities boosted their price target on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.