Brookfield Infrastructure Partners (NYSE:BIP) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN)’s share price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $37.48 and traded as high as $38.70. Brookfield Infrastructure Partners shares last traded at $38.1010, with a volume of 1,369,313 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BIP. BMO Capital Markets raised their target price on shares of Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. National Bank Financial lifted their target price 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. Citigroup reissued a “neutral” rating and set a $41.00 price objective (up from $37.00) on shares of Brookfield Infrastructure Partners in a research report on Monday, August 3rd. Canadian Imperial Bank of Commerce set a $44.00 target price on shares of Brookfield Infrastructure Partners and gave the company an “outperformer” rating in a research note on Thursday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.75.

Brookfield Infrastructure Partners Stock Up 1.9%

The stock has a fifty day moving average of $36.66 and a 200-day moving average of $37.51. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of 10.73 and a beta of 1.06.

Institutional Trading of Brookfield Infrastructure Partners

Institutional investors and hedge funds have recently modified their holdings of the stock. QRG Capital Management Inc. grew its holdings in shares of Brookfield Infrastructure Partners by 5.2% during the 2nd quarter. QRG Capital Management Inc. now owns 8,721 shares of the utilities provider’s stock valued at $318,000 after purchasing an additional 433 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Brookfield Infrastructure Partners by 2.3% during the first quarter. Janney Montgomery Scott LLC now owns 23,194 shares of the utilities provider’s stock valued at $838,000 after buying an additional 529 shares during the last quarter. Western Pacific Wealth Management LP purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter worth about $27,000. MGO One Seven LLC boosted its stake in shares of Brookfield Infrastructure Partners by 10.0% in the third quarter. MGO One Seven LLC now owns 9,974 shares of the utilities provider’s stock worth $355,000 after acquiring an additional 909 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new position in Brookfield Infrastructure Partners in the third quarter valued at approximately $33,000. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a global owner and operator of essential infrastructure assets. The partnership invests in and manages businesses that provide critical services to communities and industries, with a focus on long-term, durable cash flows and assets that are difficult to replicate.

Its operations span several infrastructure sectors, including utilities, transportation, midstream energy, and data infrastructure. The portfolio includes regulated and contracted businesses such as electricity and natural gas transmission and distribution systems, rail and port operations, natural gas pipelines and processing facilities, fiber-optic networks, data centers, and other communications infrastructure.

Brookfield Infrastructure serves customers across North America, South America, Europe, and the Asia-Pacific region.