Brookfield Infrastructure Partners LP (BIP) Investment Increased by Td Asset Management Inc

Mae Love
November 13, 2017

GGP shares rose 4% premarket to $23.50, topping the offer price. As of the latest earnings report the EPS was $0.26 with 384.88M shares now outstanding.

BEP has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed a "hold" rating and issued a $35.00 target price on shares of Brookfield Renewable Partners L.P.in a research report on Friday, October 20th.

September 18 investment analysts at Scotiabank made no change to the stock rating of "Outperform" targeting a price of $53.00. The company has a consensus rating of "Buy" and a consensus target price of $48.88.

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Here are a few institutional investors who have updated their positions. Its position was valued at $44,179,000 an increase of 11.0% as of the end of the quarter. Karpas Strategies LLC now owns 292,195 shares of the company's stock valued at $6,823,000 after acquiring an additional 2,200 shares in the last quarter. Shamrock Asset Management LLC augmented its ownership by buying 1,112 shares an increase of 4.1%. Wells Fargo & Company MN grew its stake in shares of Brookfield Renewable Partners L.P.by 242.2% during the second quarter. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Institutional investors and hedge funds own 63.24% of the company's stock.

Brookfield Renewable Partners L.P. has a 12-month low of $26.61 and a 12-month high of $36.00. (NYSE BEP) opened at $34.05 on Monday. The company had a trading volume of 60,500 shares, compared to its average volume of 75,026. BidaskClub downgraded shares of Brookfield Infrastructure Partners from a strong-buy rating to a buy rating in a research note on Tuesday, July 11th.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. A combined company would be approximately 30% by existing GGP shareholders. Ameriprise Financial Inc. bought a new position in Brookfield Infrastructure Partners during the 1st quarter worth approximately $350,000. The ex-dividend date is Wednesday, November 29th. Brookfield Infrastructure Partners's payout ratio is 644.44%. The Company owns, operates and develops a portfolio of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage and student housing assets.

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