TD Asset Management Inc. Sells 246,690 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

TD Asset Management Inc. lowered its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,749,703 shares of the utilities provider's stock after selling 246,690 shares during the quarter. TD Asset Management Inc. owned about 1.67% of Brookfield Infrastructure Partners worth $246,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Brookfield Infrastructure Partners by 12.0% during the 4th quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider's stock worth $848,018,000 after acquiring an additional 2,866,195 shares during the period. Toronto Dominion Bank boosted its position in shares of Brookfield Infrastructure Partners by 24.6% during the third quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider's stock valued at $140,273,000 after purchasing an additional 790,078 shares in the last quarter. National Bank of Canada FI grew its stake in Brookfield Infrastructure Partners by 5.4% in the third quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider's stock worth $89,362,000 after purchasing an additional 130,371 shares during the period. Intact Investment Management Inc. raised its holdings in Brookfield Infrastructure Partners by 52.1% in the fourth quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock worth $55,477,000 after purchasing an additional 598,290 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its position in Brookfield Infrastructure Partners by 5.0% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 829,187 shares of the utilities provider's stock valued at $26,337,000 after buying an additional 39,565 shares during the period. 57.92% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BIP. Scotiabank upped their target price on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. Royal Bank of Canada reiterated an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a report on Tuesday. Raymond James upped their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 30th. Finally, TD Securities lifted their price objective on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $42.50.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE:BIP traded down $0.66 during midday trading on Friday, reaching $29.70. 534,523 shares of the company's stock traded hands, compared to its average volume of 419,783. Brookfield Infrastructure Partners L.P. has a one year low of $24.84 and a one year high of $36.50. The stock has a 50 day moving average of $31.33 and a 200 day moving average of $32.88. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 742.74 and a beta of 1.10. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. As a group, equities research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 5.79%. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is 4,300.00%.

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.