BIP Stock Summary and Trading Ideas (Brookfield Infr Partners | NYSE:BIP)

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics that tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company's segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Canada and also has a presence in Australia, Colombia, United Kingdom, Brazil, United States of America, Chile, Peru, and other countries.

Brookfield Infr Partners trades on the NYSE stock market under the symbol BIP.

As of May 13, 2024, BIP stock price declined to $30.52 with 274,723 million shares trading.

BIP has a beta of 2.00, meaning it tends to be more sensitive to market movements. BIP has a correlation of 0.36 to the broad based SPY ETF.

BIP has a market cap of $14.08 billion. This is considered a Large Cap stock.

Last quarter Brookfield Infr Partners reported $5 billion in Revenue and $.10 earnings per share. This beat revenue expectation by $3 billion and missed earnings estimates by -$.01.

In the last 3 years, BIP stock traded as high as $61.16 and as low as $21.03.

The top ETF exchange traded funds that BIP belongs to (by Net Assets): TOLZ, FORH, XVOL, GLIF, RVRB.

BIP has underperformed the market in the last year with a return of -9.2%, while the SPY ETF gained +27.8%. In the last 3 month period, BIP fell short of the market, returning -0.7%, while SPY returned +4.3%. However, in the most recent 2 weeks BIP has outperformed the stock market by returning +12.5%, while SPY returned +2.5%.

BIP support price is $30.05 and resistance is $31.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BIP stock will trade within this expected range on the day.