Toronto Dominion Bank Has $140.27 Million Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Toronto Dominion Bank lifted its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 24.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,003,231 shares of the utilities provider’s stock after purchasing an additional 790,078 shares during the period. Toronto Dominion Bank’s holdings in Brookfield Infrastructure Partners were worth $140,273,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BIP. Creative Planning raised its holdings in Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. Creative Planning now owns 67,445 shares of the utilities provider’s stock worth $2,363,000 after buying an additional 389 shares during the period. Callahan Advisors LLC lifted its position in Brookfield Infrastructure Partners by 2.1% in the 2nd quarter. Callahan Advisors LLC now owns 22,129 shares of the utilities provider’s stock valued at $607,000 after acquiring an additional 450 shares in the last quarter. Insight Folios Inc boosted its stake in Brookfield Infrastructure Partners by 3.2% in the 3rd quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider’s stock worth $587,000 after purchasing an additional 525 shares during the period. Financial Advocates Investment Management raised its stake in shares of Brookfield Infrastructure Partners by 6.0% in the 2nd quarter. Financial Advocates Investment Management now owns 10,389 shares of the utilities provider’s stock valued at $285,000 after purchasing an additional 590 shares during the period. Finally, EP Wealth Advisors LLC boosted its position in shares of Brookfield Infrastructure Partners by 3.4% during the second quarter. EP Wealth Advisors LLC now owns 18,068 shares of the utilities provider’s stock worth $496,000 after buying an additional 591 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BIP shares. TD Securities boosted their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group upped their price objective on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Brookfield Infrastructure Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $34.44 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The business’s 50 day moving average is $34.70 and its 200-day moving average is $32.02. Brookfield Infrastructure Partners L.P. has a 1-year low of $24.84 and a 1-year high of $36.50. The firm has a market cap of $15.90 billion, a P/E ratio of -90.63 and a beta of 1.05.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.70%. Brookfield Infrastructure Partners’s payout ratio is presently -426.32%.

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.