TD Waterhouse Canada Inc. Sells 19,679 Shares of Brookfield Infrastructure Partners LP $BIP

TD Waterhouse Canada Inc. cut its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,556,487 shares of the utilities provider’s stock after selling 19,679 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Brookfield Infrastructure Partners were worth $51,759,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Truist Financial Corp grew its holdings in Brookfield Infrastructure Partners by 1.3% during the 2nd quarter. Truist Financial Corp now owns 23,616 shares of the utilities provider’s stock worth $791,000 after acquiring an additional 314 shares during the last quarter. AdvisorNet Financial Inc lifted its position in shares of Brookfield Infrastructure Partners by 17.7% during the third quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 325 shares in the last quarter. Huntleigh Advisors Inc. lifted its position in shares of Brookfield Infrastructure Partners by 3.3% during the third quarter. Huntleigh Advisors Inc. now owns 10,974 shares of the utilities provider’s stock worth $361,000 after purchasing an additional 354 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of Brookfield Infrastructure Partners by 0.9% during the second quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock valued at $1,494,000 after purchasing an additional 400 shares during the last quarter. Finally, State of Wyoming increased its holdings in shares of Brookfield Infrastructure Partners by 12.6% in the second quarter. State of Wyoming now owns 3,649 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 407 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on BIP. Wall Street Zen raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Scotiabank restated an “outperform” rating and set a $44.00 target price on shares of Brookfield Infrastructure Partners in a research report on Friday, January 16th. National Bankshares raised their price target on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Morgan Stanley set a $45.00 price objective on Brookfield Infrastructure Partners in a report on Wednesday. Finally, Jefferies Financial Group set a $37.00 target price on shares of Brookfield Infrastructure Partners and gave the company a “hold” rating in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.75.

Brookfield Infrastructure Partners Trading Down 0.2%

NYSE BIP opened at $35.31 on Thursday. Brookfield Infrastructure Partners LP has a 12 month low of $25.72 and a 12 month high of $36.58. The stock has a 50-day simple moving average of $34.94 and a 200 day simple moving average of $33.36. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $16.28 billion, a PE ratio of 52.70 and a beta of 1.10.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Friday, November 7th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.42). The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $2.05 billion. Brookfield Infrastructure Partners had a return on equity of 2.74% and a net margin of 3.70%.Brookfield Infrastructure Partners’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. Research analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, November 28th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, November 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.9%. Brookfield Infrastructure Partners’s payout ratio is currently 256.72%.

Brookfield Infrastructure Partners Company 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.