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

Key Points

• TD Asset Management Inc reduced its stake in Brookfield Infrastructure Partners LP by 14.8% in Q2, leaving them with $221.11 million worth of shares.
• Brookfield Infrastructure Partners reported $0.81 EPS for the last quarter, missing estimates of $0.82, and recorded a 5.7% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $0.43 per share, representing an annual yield of 5.0%.

TD Asset Management Inc decreased its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 14.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,613,447 shares of the utilities provider's stock after selling 1,152,194 shares during the period. TD Asset Management Inc owned 1.42% of Brookfield Infrastructure Partners worth $221,112,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. North Capital Inc. bought a new stake in Brookfield Infrastructure Partners during the 1st quarter worth about $35,000. SouthState Corp bought a new stake in shares of Brookfield Infrastructure Partners in the 1st quarter valued at about $37,000. Farther Finance Advisors LLC increased its stake in shares of 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 last quarter. Pandora Wealth Inc. bought a new stake in shares of Brookfield Infrastructure Partners in the 1st quarter valued at about $80,000. Finally, State of Wyoming bought a new stake in shares of Brookfield Infrastructure Partners in the 1st quarter valued at about $97,000. Institutional investors and hedge funds own 57.92% of the company's stock.

Brookfield Infrastructure Partners Price Performance

Shares of BIP opened at $34.71 on Tuesday. Brookfield Infrastructure Partners LP has a 52-week low of $25.72 and a 52-week high of $36.50. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.88. The stock has a 50 day simple moving average of $31.51 and a 200 day simple moving average of $31.54. The firm has a market capitalization of $16.09 billion, a PE ratio of 694.40 and a beta of 1.16.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.81 earnings per share 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 firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company earned $0.77 EPS. The company's revenue was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.72 dividend on an annualized basis and a yield of 5.0%. Brookfield Infrastructure Partners's dividend payout ratio is 3,440.00%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BIP shares. Wall Street Zen cut Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Saturday, September 6th. National Bankshares set a $35.00 price target on Brookfield Infrastructure Partners and gave the company an "outperform" rating in a research note on Friday, September 26th. Jefferies Financial Group assumed coverage on Brookfield Infrastructure Partners in a research report on Friday, August 29th. They issued a "buy" rating and a $35.00 price objective for the company. Royal Bank Of Canada set a $40.00 price objective on Brookfield Infrastructure Partners and gave the company an "outperform" rating in a research report on Wednesday, August 27th. Finally, National Bank Financial upgraded Brookfield Infrastructure Partners from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of "Moderate Buy" and an average target price of $40.14.

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.

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