TD Waterhouse Canada Inc. Has $57.80 Million Stock Holdings in Brookfield Infrastructure Partners LP $BIP

TD Waterhouse Canada Inc. grew its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,665,061 shares of the utilities provider’s stock after purchasing an additional 108,574 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Brookfield Infrastructure Partners were worth $57,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in BIP. Westfuller Advisors LLC acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter worth approximately $44,000. Assetmark Inc. raised its stake in Brookfield Infrastructure Partners by 544.1% during the 4th quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock worth $44,000 after buying an additional 1,061 shares during the period. Sound Income Strategies LLC raised 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 worth $49,000 after buying an additional 436 shares during the period. City Holding Co. acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter worth approximately $59,000. Finally, Pacifica Partners Inc. raised its stake in Brookfield Infrastructure Partners by 1,248.7% during the 4th quarter. Pacifica Partners Inc. now owns 2,023 shares of the utilities provider’s stock worth $69,000 after buying an additional 1,873 shares during the period. 57.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. TD Cowen reaffirmed a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. TD Securities reaffirmed a “buy” rating and set a $57.00 price target (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Royal Bank Of Canada upped their price target on Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Weiss Ratings raised Brookfield Infrastructure Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.13.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $36.52 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.75 and a current ratio of 0.78. The stock has a 50 day moving average price of $37.43 and a two-hundred day moving average price of $35.83. The firm has a market capitalization of $16.90 billion, a P/E ratio of 40.58 and a beta of 1.11. Brookfield Infrastructure Partners LP has a 52 week low of $27.36 and a 52 week high of $40.32.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Thursday, January 29th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.42). The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $1.98 billion. Brookfield Infrastructure Partners had a return on equity of 3.22% and a net margin of 4.40%.The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 earnings per share. Equities analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.82 dividend on an annualized basis and a yield of 5.0%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. Brookfield Infrastructure Partners’s dividend payout ratio is presently 202.22%.

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.