TD Asset Management Inc Has $221.11 Million Holdings in Brookfield Infrastructure Partners LP $BIP

TD Asset Management Inc lessened its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 14.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,613,447 shares of the utilities provider’s stock after selling 1,152,194 shares during the quarter. TD Asset Management Inc’s holdings in Brookfield Infrastructure Partners were worth $221,112,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. North Capital Inc. acquired a new stake in shares of Brookfield Infrastructure Partners in the 1st quarter valued at approximately $35,000. SouthState Corp bought a new stake in Brookfield Infrastructure Partners in the 1st quarter valued at $37,000. Farther Finance Advisors LLC raised its stake in Brookfield Infrastructure Partners by 565.6% in the 1st quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider’s stock valued at $68,000 after acquiring an additional 1,906 shares during the period. Pandora Wealth Inc. bought a new stake in Brookfield Infrastructure Partners in the 1st quarter valued at $80,000. Finally, State of Wyoming bought a new stake in Brookfield Infrastructure Partners in the 1st quarter valued at $97,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Up 1.0%

Shares of NYSE BIP opened at $34.71 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.88. Brookfield Infrastructure Partners LP has a 52 week low of $25.72 and a 52 week high of $36.50. The stock has a market capitalization of $16.09 billion, a P/E ratio of 694.40 and a beta of 1.16. The stock’s fifty day moving average is $31.51 and its 200 day moving average is $31.54.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Brookfield Infrastructure Partners had a return on equity of 1.15% and a net margin of 1.54%.The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a $0.43 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.0%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 3,440.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. National Bank Financial upgraded Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Weiss Ratings restated a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a research note on Wednesday, October 8th. Jefferies Financial Group started coverage on Brookfield Infrastructure Partners in a research note on Friday, August 29th. They issued a “buy” rating and a $35.00 price target on the stock. Royal Bank Of Canada set a $40.00 price objective on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Finally, National Bankshares set a $35.00 price objective on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.14.

Brookfield Infrastructure Partners Company 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.