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

Toronto Dominion Bank grew its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 24.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,003,231 shares of the utilities provider's stock after purchasing an additional 790,078 shares during the period. Toronto Dominion Bank owned about 0.87% of Brookfield Infrastructure Partners worth $140,273,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at $26,000. Dunhill Financial LLC bought a new position in shares of Brookfield Infrastructure Partners in the third quarter worth about $30,000. Asset Dedication LLC bought a new position in shares of Brookfield Infrastructure Partners in the second quarter worth about $46,000. Truvestments Capital LLC bought a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at approximately $77,000. Finally, Eastern Bank acquired a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $158,000. Institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Trading Down 1.8 %

BIP traded down $0.62 during mid-day trading on Wednesday, hitting $33.88. The stock had a trading volume of 242,091 shares, compared to its average volume of 422,418. The firm has a market capitalization of $15.64 billion, a price-to-earnings ratio of -90.63 and a beta of 1.05. Brookfield Infrastructure Partners L.P. has a 1-year low of $24.84 and a 1-year high of $36.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. The stock's fifty day simple moving average is $34.70 and its 200-day simple moving average is $32.02.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently -426.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BIP shares. TD Securities upped their price target 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. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Finally, Jefferies Financial Group increased their price objective on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a "buy" rating in a report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.20.

About Brookfield Infrastructure Partners

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.