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. First Manhattan Co. now owns 564,697 shares of the utilities provider's stock valued at $17,979,000 after acquiring an additional 16,522 shares in the last quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Finally, Bronfman E.L. Rothschild L.P. boosted its position in Brookfield Infrastructure Partners L.P.by 7.3% in the first quarter. Investors might consider the stock as a long term growth candidate as the firm has yielded 26.50% earnings per share growth over the past 5 years and 13.70% revenue growth over that same time frame. Wells Fargo & Company MN's holdings in Brookfield Renewable Partners were worth $287,000 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. TD Asset Management Inc. now owns 9,884,891 shares of the utilities provider's stock valued at $425,408,000 after purchasing an additional 1,183,668 shares during the last quarter. Brookfield Infrastructure Partners L.P. (BIP) opened at $43.85 on Wednesday.
Brookfield Infrastructure Partners LP (NYSE:BIP) now has an Average Broker Rating of 1.25. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 44.27 and a beta of 1.05. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be paid a $0.435 dividend. The ex-dividend date is Wednesday, November 29th. Brookfield Infrastructure Partners's payout ratio is 644.44%. The company had a trading volume of 79,638 shares, compared to its average volume of 65,678. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.
Several brokerages have recently issued reports on BEP. Brookfield Renewable Partners reiterated a "sector perform" rating and issued a $44.50 target price on shares of Brookfield Renewable Partners in a research note on Tuesday, August 15th.
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Shares of Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) have earned an average rating of "Hold" from the six research firms that are now covering the company, Marketbeat reports. Scotiabank reaffirmed an "outperform" rating and set a $53.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Monday, September 18th. CIBC lowered Brookfield Renewable Partners from an "outperform" rating to a "neutral" rating and set a C$45.00 price objective for the company.in a research note on Thursday, November 2nd.
4 analysts rate Brookfield Infrastructure Partners LP a Buy or Strong Buy, which is 100% of all the analyst ratings. The company has an average rating of "Buy" and a consensus target price of $50.15.
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Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company's segments include utilities, transport, energy, communications infrastructure and other.
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