First Manhattan Co. now owns 1,639,485 shares of the utilities provider's stock worth $70,727,000 after buying an additional 6,517 shares during the period.
Hartland & Co. LLC increased its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 76.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. Advisor Group Inc.'s holdings in Brookfield Infrastructure Partners were worth $911,000 at the end of the most recent quarter. Janus Henderson Group PLC purchased a new position in Brookfield Infrastructure Partners in the second quarter valued at approximately $51,505,000. This is a positive change from Brookfield Renewable Partners's previous quarterly dividend of $0.47. TD Asset Management Inc. increased its stake in Brookfield Infrastructure Partners by 13.6% in the third quarter. (BIP) opened at $43.85 on Wednesday. 252,371 shares of the company's stock traded hands, compared to its average volume of 376,168. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61.
2 analysts rate Brookfield Renewable Partners L.P. a Buy or Strong Buy, which is 28.57% of all the analyst ratings. The company has a market capitalization of $12,070.86, a PE ratio of 161.70, a price-to-earnings-growth ratio of 1.27 and a beta of 1.05.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, November 30th will be given a dividend of $0.435 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 5.80%. Brookfield Renewable Partners has a dividend payout ratio of -296.8% indicating that the company can not now cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Brookfield Infrastructure Partners's payout ratio is 644.44%. FMR LLC now owns 1,245,800 shares of the utilities provider's stock worth $39,724,000 after purchasing an additional 60,000 shares during the period. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.
Several analysts recently weighed in on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Royal Bank Of Canada upped their price objective on shares of Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, November 6th. GMP Securities restated a "hold" rating and set a $34.50 target price on shares of Brookfield Renewable Partners in a research report on Friday, October 20th. Brookfield Infrastructure Partners presently has an average rating of "Buy" and a consensus price target of $50.15.
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Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. Its segments include Hydroelectric, Wind, Other and Corporate. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).