Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 6.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,492,480 shares of the utilities provider's stock after buying an additional 94,103 shares during the period. TD Waterhouse Canada Inc. owned 0.32% of Brookfield Infrastructure Partners worth $46,978,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BIP. Promus Capital LLC acquired a new stake in Brookfield Infrastructure Partners in the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc acquired a new position in Brookfield Infrastructure Partners in the 4th quarter worth approximately $28,000. Larson Financial Group LLC acquired a new stake in Brookfield Infrastructure Partners during the 4th quarter valued at approximately $30,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $32,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Price Performance

BIP traded down $0.10 during midday trading on Friday, hitting $28.83. 489,843 shares of the company traded hands, compared to its average volume of 445,023. The company has a market capitalization of $13.38 billion, a price-to-earnings ratio of 720.93 and a beta of 1.04. The business has a 50 day simple moving average of $29.46 and a two-hundred day simple moving average of $32.10. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners L.P. has a 52-week low of $25.72 and a 52-week high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its quarterly 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 1.17% and a net margin of 1.64%. On average, equities analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.97%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. Brookfield Infrastructure Partners's dividend payout ratio is currently 4,300.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BIP shares. Raymond James upped their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a report on Thursday, January 30th. Scotiabank raised their target price on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. TD Securities lifted their price target on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $42.50.

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.