Brookfield Infrastructure Partners (NYSE:BIP) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty 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.

Analysts Set New Price Targets

BIP has been the topic of several research reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $47.00 price target (up from $45.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, July 31st. Morgan Stanley reissued an “overweight” rating and set a $48.00 target price on shares of Brookfield Infrastructure Partners in a report on Tuesday, July 21st. Citigroup restated a “neutral” rating and issued a $41.00 price target (up from $37.00) on shares of Brookfield Infrastructure Partners in a research report on Monday. National Bank Financial boosted their price objective on shares of Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised shares of Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and an average target price of $45.11.

Brookfield Infrastructure Partners Price Performance

The firm has a market capitalization of $18.02 billion, a P/E ratio of 63.10 and a beta of 1.05. The business has a fifty day moving average of $38.57 and a 200-day moving average of $37.68. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.64 and a current ratio of 0.89.

Brookfield Infrastructure Partners Dividend Announcement

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

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of hedge funds and other institutional investors have recently modified their holdings of BIP. Capital World Investors increased its stake in Brookfield Infrastructure Partners by 0.3% during the 4th quarter. Capital World Investors now owns 31,104,057 shares of the utilities provider’s stock valued at $1,081,181,000 after buying an additional 86,068 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Brookfield Infrastructure Partners by 7.4% in the 4th quarter. CIBC Asset Management Inc now owns 8,559,336 shares of the utilities provider’s stock worth $297,699,000 after acquiring an additional 589,915 shares during the period. Scotia Capital Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 6.2% in the third quarter. Scotia Capital Inc. now owns 7,367,383 shares of the utilities provider’s stock valued at $241,967,000 after acquiring an additional 431,557 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Brookfield Infrastructure Partners by 3.8% in the fourth quarter. TD Asset Management Inc now owns 7,015,901 shares of the utilities provider’s stock valued at $244,192,000 after acquiring an additional 259,074 shares in the last quarter. Finally, Cibc World Market Inc. increased its stake in shares of Brookfield Infrastructure Partners by 0.4% during the fourth quarter. Cibc World Market Inc. now owns 6,688,284 shares of the utilities provider’s stock valued at $232,351,000 after acquiring an additional 24,650 shares during the period. 57.92% of the stock is currently owned by institutional investors.

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.