TD Asset Management Inc Raises Stock Position in Brookfield Infrastructure Partners LP $BIP

TD Asset Management Inc lifted its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 3.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,015,901 shares of the utilities provider’s stock after buying an additional 259,074 shares during the quarter. TD Asset Management Inc’s holdings in Brookfield Infrastructure Partners were worth $244,192,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 4th quarter worth approximately $42,000. Assetmark Inc. boosted its stake in Brookfield Infrastructure Partners by 544.1% in the 4th quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 1,061 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Brookfield Infrastructure Partners in the 4th quarter worth approximately $45,000. Sound Income Strategies LLC lifted its stake in Brookfield Infrastructure Partners by 45.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 436 shares during the period. Finally, Concord Wealth Partners acquired a new stake in Brookfield Infrastructure Partners during the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Performance

BIP opened at $38.83 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.68 and a quick ratio of 0.64. The firm has a fifty day moving average price of $37.12 and a 200 day moving average price of $36.51. Brookfield Infrastructure Partners LP has a 1 year low of $29.63 and a 1 year high of $40.32. The stock has a market cap of $17.97 billion, a P/E ratio of 58.83 and a beta of 1.05.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.62. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. The firm had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the business posted $0.82 EPS. Equities research analysts anticipate that Brookfield Infrastructure Partners LP will post 3.59 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, May 29th. Brookfield Infrastructure Partners’s payout ratio is currently 275.76%.

Analysts Set New Price Targets

BIP has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. National Bank Financial lifted their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Monday. Weiss Ratings cut shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a research note on Tuesday, May 26th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.63.

Insider Activity

In other news, CFO David Tyler Krant bought 1,150 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $48.10 per share, for a total transaction of $55,315.00. Following the purchase, the chief financial officer directly owned 2,150 shares in the company, valued at approximately $103,415. This trade represents a 115.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.