Brookfield Infrastructure Partners (NYSE:BIP) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $38.57 and traded as high as $39.63. Brookfield Infrastructure Partners shares last traded at $39.1220, with a volume of 552,307 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BIP. Citigroup reiterated a “neutral” rating and set a $41.00 price objective (up from $37.00) on shares of Brookfield Infrastructure Partners in a report on Monday, August 3rd. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $47.00 target price (up from $45.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, July 31st. BMO Capital Markets lifted their target price on Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Wall Street Zen lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $48.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Tuesday, July 21st. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Brookfield Infrastructure Partners presently has an average rating of “Moderate Buy” and an average price target of $45.11.

Brookfield Infrastructure Partners Stock Up 0.5%

The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.83. The business has a 50-day moving average price of $38.57 and a 200-day moving average price of $37.68. The stock has a market cap of $18.02 billion, a PE ratio of 63.10 and a beta of 1.05.

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, August 31st. Brookfield Infrastructure Partners’s dividend payout ratio is 293.55%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Several institutional investors have recently bought and sold shares of the company. Trust Co. of Vermont purchased a new stake in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $36,000. Clearstead Trust LLC purchased a new position in shares of Brookfield Infrastructure Partners in the second quarter valued at approximately $865,000. Allied Private Wealth LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the second quarter worth approximately $37,000. Herbst Group LLC boosted its stake in shares of Brookfield Infrastructure Partners by 20.8% in the second quarter. Herbst Group LLC now owns 71,740 shares of the utilities provider’s stock worth $2,618,000 after acquiring an additional 12,370 shares during the last quarter. Finally, Rathbones Group PLC increased its position in shares of Brookfield Infrastructure Partners by 12.0% during the first quarter. Rathbones Group PLC now owns 107,194 shares of the utilities provider’s stock worth $3,872,000 after purchasing an additional 11,471 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.