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

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $35.02 and traded as high as $35.33. Brookfield Infrastructure Partners shares last traded at $35.10, with a volume of 785,571 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BIP. Morgan Stanley set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday, December 2nd. Scotiabank reiterated an “outperform” rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday. Jefferies Financial Group set a $37.00 target price on shares of Brookfield Infrastructure Partners and gave the stock a “hold” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a report on Monday, December 29th. Finally, National Bankshares increased their price target on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.63.

Brookfield Infrastructure Partners Price Performance

The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.81 and a current ratio of 0.85. The stock has a market capitalization of $16.19 billion, a price-to-earnings ratio of 52.39 and a beta of 1.10. The business’s 50 day simple moving average is $35.02 and its 200-day simple moving average is $33.27.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.42). The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $2.05 billion. Brookfield Infrastructure Partners had a net margin of 3.70% and a return on equity of 2.74%. Brookfield Infrastructure Partners’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 EPS. Research analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, November 28th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.72 annualized dividend and a yield of 4.9%. Brookfield Infrastructure Partners’s payout ratio is presently 256.72%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Westfuller Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at about $44,000. City Holding Co. acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter valued at about $59,000. Caldwell Trust Co acquired a new position in Brookfield Infrastructure Partners during the 2nd quarter valued at about $66,000. Pacifica Partners Inc. raised its position in shares of Brookfield Infrastructure Partners by 1,248.7% during the 4th quarter. Pacifica Partners Inc. now owns 2,023 shares of the utilities provider’s stock worth $69,000 after buying an additional 1,873 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in shares of Brookfield Infrastructure Partners by 17.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock worth $71,000 after acquiring an additional 325 shares during the period. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

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.