Jarislowsky Fraser Ltd lifted its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 83.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,793 shares of the utilities provider’s stock after buying an additional 8,072 shares during the period. Jarislowsky Fraser Ltd’s holdings in Brookfield Infrastructure Partners were worth $766,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bollard Group LLC boosted its position in shares of Brookfield Infrastructure Partners by 1.0% in the second quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock worth $151,000 after buying an additional 38 shares during the period. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in shares of Brookfield Infrastructure Partners by 0.5% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 12,400 shares of the utilities provider’s stock worth $507,000 after acquiring an additional 65 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Brookfield Infrastructure Partners by 1.4% in the second quarter. Citigroup Inc. now owns 7,102 shares of the utilities provider’s stock worth $290,000 after acquiring an additional 100 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Brookfield Infrastructure Partners by 1.4% in the second quarter. M&T Bank Corp now owns 10,960 shares of the utilities provider’s stock worth $449,000 after acquiring an additional 150 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Brookfield Infrastructure Partners by 5.5% in the second quarter. Janney Montgomery Scott LLC now owns 6,407 shares of the utilities provider’s stock worth $262,000 after acquiring an additional 335 shares in the last quarter. 34.47% of the stock is owned by institutional investors.

Several research analysts recently commented on the company. TD Securities boosted their price target on Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Scotiabank upped their price objective on Brookfield Infrastructure Partners from $42.50 to $43.50 and gave the company an “outperform” rating in a research note on Friday, August 4th. Zacks Investment Research cut Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Royal Bank Of Canada upped their price objective on Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. Finally, BidaskClub upgraded Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $48.88.

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Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) traded down $0.20 during mid-day trading on Wednesday, reaching $43.58. The company had a trading volume of 88,086 shares, compared to its average volume of 381,770. Brookfield Infrastructure Partners LP has a 1-year low of $31.03 and a 1-year high of $44.91. The company has a market cap of $16,850.00, a price-to-earnings ratio of 162.11, a price-to-earnings-growth ratio of 1.27 and a beta of 1.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23.

Brookfield Infrastructure Partners declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 7th that allows the company to repurchase 13,820,000 shares. This repurchase authorization allows the utilities provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Wednesday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 669.23%.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

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