TD Asset Management Inc Purchases 259,074 Shares of 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% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,015,901 shares of the utilities provider’s stock after acquiring an additional 259,074 shares during the quarter. TD Asset Management Inc owned 1.52% of Brookfield Infrastructure Partners worth $244,192,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter worth about $42,000. Assetmark Inc. lifted its holdings in shares of 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 acquiring an additional 1,061 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter worth about $45,000. Sound Income Strategies LLC lifted its holdings in shares of Brookfield Infrastructure Partners by 45.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 436 shares during the last quarter. Finally, Concord Wealth Partners bought a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter worth about $50,000. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Up 0.0%

Shares of 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 market capitalization of $17.97 billion, a price-to-earnings ratio of 58.83 and a beta of 1.05. The company has a 50-day moving average of $37.12 and a 200 day moving average of $36.51. Brookfield Infrastructure Partners LP has a 1-year low of $29.63 and a 1-year high of $40.32.

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

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.82 dividend on an annualized basis and a yield of 4.7%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 275.76%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BIP. 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 report 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 report on Monday. Weiss Ratings lowered shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.63.

Insider Buying and Selling

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant bought 1,150 shares of the business’s stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $48.10 per share, with a total value of $55,315.00. Following the transaction, the chief financial officer owned 2,150 shares of the company’s stock, valued at approximately $103,415. This trade represents a 115.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed 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.