Brookfield Infrastructure Partners LP (TSE:BIP – Get Rating) – Analysts at Raymond James reduced their Q1 2023 EPS estimates for Brookfield Infrastructure Partners in a note issued to investors on Friday, February 3rd. Raymond James analyst F. Bastien now anticipates that the company will post earnings of $0.96 per share for the quarter, down from their previous estimate of $0.99. Raymond James also issued estimates for Brookfield Infrastructure Partners' Q2 2023 earnings at $0.98 EPS, Q3 2023 earnings at $1.02 EPS, Q4 2023 earnings at $1.06 EPS, FY2023 earnings at $4.02 EPS, Q1 2024 earnings at $1.05 EPS, Q2 2024 earnings at $1.06 EPS, Q3 2024 earnings at $1.10 EPS, Q4 2024 earnings at $1.15 EPS and FY2024 earnings at $4.36 EPS.
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Separately, National Bank Financial downgraded shares of Brookfield Infrastructure Partners from an "outperfrom under weight" rating to a "sector perform market weight" rating in a research note on Thursday, November 3rd.
Brookfield Infrastructure Partners Price Performance
Insider Buying and Selling
In other news, Director Sam Jb Pollock acquired 6,000 shares of the business's stock in a transaction on Thursday, December 22nd. The stock was bought at an average price of C$42.54 per share, with a total value of C$255,240.00. Following the completion of the acquisition, the director now owns 41,390 shares of the company's stock, valued at C$1,760,730.60. In other news, Director Sam Jb Pollock acquired 6,000 shares of the business's stock in a transaction on Thursday, December 22nd. The stock was bought at an average price of C$42.54 per share, with a total value of C$255,240.00. Following the completion of the acquisition, the director now owns 41,390 shares of the company's stock, valued at C$1,760,730.60. Also, Director John Patrick Mullen acquired 6,740 shares of the business's stock in a transaction on Wednesday, November 30th. The stock was purchased at an average cost of C$50.32 per share, with a total value of C$339,185.24. Following the acquisition, the director now directly owns 6,740 shares of the company's stock, valued at approximately C$339,185.24.
Brookfield Infrastructure Partners Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be issued a dividend of $0.519 per share. This represents a $2.08 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Monday, February 27th. This is a boost from Brookfield Infrastructure Partners's previous quarterly dividend of $0.50.
About Brookfield Infrastructure Partners
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Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data infrastructure sectors across North and South America, Asia Pacific and Europe. The Company is focused on assets that have contracted and regulated revenues that generate stable and predictable cash flows.
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