TD Waterhouse Canada Inc. Boosts Holdings in Brookfield Infrastructure Partners LP $BIP

TD Waterhouse Canada Inc. boosted its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,576,166 shares of the utilities provider’s stock after acquiring an additional 40,114 shares during the period. TD Waterhouse Canada Inc. owned 0.34% of Brookfield Infrastructure Partners worth $52,788,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SouthState Corp bought a new stake in shares of Brookfield Infrastructure Partners in the 1st quarter worth approximately $37,000. Harbour Investments Inc. increased its position in Brookfield Infrastructure Partners by 23.1% in the second quarter. Harbour Investments Inc. now owns 2,523 shares of the utilities provider’s stock worth $85,000 after buying an additional 474 shares during the last quarter. Pandora Wealth Inc. purchased a new stake in Brookfield Infrastructure Partners in the first quarter worth $80,000. State of Wyoming bought a new stake in shares of Brookfield Infrastructure Partners in the first quarter valued at $97,000. Finally, Delta Asset Management LLC TN lifted its position in shares of Brookfield Infrastructure Partners by 3,263.4% during the 2nd quarter. Delta Asset Management LLC TN now owns 3,767 shares of the utilities provider’s stock valued at $126,000 after buying an additional 3,655 shares during the last quarter. 57.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. National Bank Financial raised Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. National Bankshares set a $35.00 target price on shares of Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a research note on Friday, September 26th. Royal Bank Of Canada set a $40.00 price target on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Wall Street Zen raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Jefferies Financial Group set a $37.00 price objective on shares of Brookfield Infrastructure Partners and gave the company a “hold” rating in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $40.43.

Brookfield Infrastructure Partners Price Performance

BIP stock opened at $35.00 on Wednesday. The firm has a 50 day moving average of $33.63 and a 200-day moving average of $32.64. The firm has a market capitalization of $16.22 billion, a P/E ratio of 700.20 and a beta of 1.14. Brookfield Infrastructure Partners LP has a 12 month low of $25.72 and a 12 month high of $36.10. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Friday, November 7th. The utilities provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.42). Brookfield Infrastructure Partners had a return on equity of 1.15% and a net margin of 1.54%.The firm had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the company posted $0.76 EPS. The business’s revenue was up 13.4% on a year-over-year basis. As a group, sell-side analysts predict that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.9%. Brookfield Infrastructure Partners’s dividend payout ratio is presently 256.72%.

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.