Brookfield Infrastructure Partners (NYSE:BIP) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Brookfield Infrastructure Partners shares moved above their 200-day moving average, reaching $38.70 before last trading at $38.10, compared with a 200-day average of $37.48.
• Analyst sentiment remains generally positive: eight analysts rate the stock a Buy and two rate it Hold, producing a consensus “Moderate Buy” rating and a $45.75 target price. However, one research firm downgraded the stock to Sell.
• Institutional investors own 57.92% of the company, while Brookfield operates diversified infrastructure assets across utilities, transportation, midstream energy, and data infrastructure markets worldwide.

Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) TSE: BIP.UN shares passed 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 trading hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BIP shares. National Bank Financial lifted their price objective on shares of Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Wall Street Zen cut Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th. Citigroup restated a "neutral" rating and set a $41.00 price target (up from $37.00) on shares of Brookfield Infrastructure Partners in a research report on Monday, August 3rd. Weiss Ratings raised Brookfield Infrastructure Partners from a "hold (c-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Finally, Canadian Imperial Bank of Commerce set a $44.00 price target on Brookfield Infrastructure Partners and gave the stock an "outperformer" rating in a research note on Thursday, October 22nd. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.75.

Brookfield Infrastructure Partners Price Performance

The business has a 50 day moving average of $36.70 and a 200 day moving average of $37.48. The company has a market cap of $17.44 billion, a PE ratio of 61.45 and a beta of 1.06. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.89 and a quick ratio of 0.84.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ninepoint Partners LP purchased a new position in shares of Brookfield Infrastructure Partners in the second quarter worth $2,452,000. The Manufacturers Life Insurance Company boosted its position in shares of Brookfield Infrastructure Partners by 55.0% during the first quarter. The Manufacturers Life Insurance Company now owns 2,761,387 shares of the utilities provider's stock worth $99,572,000 after acquiring an additional 979,842 shares during the last quarter. Gold Investment Management Ltd. bought a new position in shares of Brookfield Infrastructure Partners during the third quarter worth $6,435,000. Cardinal Point Capital Management ULC bought a new position in shares of Brookfield Infrastructure Partners during the third quarter worth $1,075,000. Finally, Oak Grove Capital LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter valued at $2,936,000. Institutional investors own 57.92% of the company's stock.

About Brookfield Infrastructure Partners

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.

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