Scotia Capital Inc. now owns 2,527,595 shares of the utilities provider's stock worth $80,466,000 after purchasing an additional 412,554 shares during the period.
Advisor Group Inc. boosted its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 21.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
Most recently Brookfield Infrastructure Partners LP (NYSE:BIP) posted quarterly earnings of $-0.04 which compared to the sell-side estimates of 0.82. Mackenzie Financial Corp owned about 0.33% of Brookfield Renewable Partners worth $18,664,000 at the end of the most recent quarter. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. Brookfield Renewable Partners has a 12-month low of $26.61 and a 12-month high of $32.99. 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. Stockholders of record on Thursday, November 30th will be given a dividend of 0.468 per share by the utilities provider on Friday, December 29th. The ex-dividend date is Wednesday, November 29th. This represents a $1.87 annualized dividend and a yield of 5.80%. Brookfield Infrastructure Partners's dividend payout ratio is 644.44%. This buyback authorization permits the utilities provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.
Analysts on a consensus basis are expecting that the stock will reach $36.05 within the year. Zacks Investment Research upgraded shares of Brookfield Renewable Partners from a "sell" rating to a "hold" rating in a report on Tuesday, May 16th. Finally, GMP Securities reiterated a "buy" rating and issued a $32.00 price target on shares of Brookfield Renewable Partners in a research note on Friday, May 5th. National Bank Financial boosted their price target on shares of Brookfield Infrastructure Partners from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Monday, November 6th. Finally, Raymond James Financial decreased their target price on shares of Brookfield Renewable Partners to $42.00 and set a "market perform" rating on the stock in a research report on Thursday, August 17th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Brookfield Renewable Partners presently has an average rating of "Hold" and a consensus target price of $38.39.
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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. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).