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Brookfield Infrastructure Partners is Among the Companies in the Electric Utilities Industry With the Highest Projected Earnings Growth (BIP, ALE, ITC, AEP, ES)

By Amy Schwartz

Below are the three companies in the Electric Utilities industry with the highest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.

Brookfield Infrastructure Partners ranks highest with a projected earnings growth of 64.2%. Allete is next with a projected earnings growth of 14.5%. ITC Holdings ranks third highest with a projected earnings growth of 11.6%.

American Electric Power follows with a projected earnings growth of 8.6%, and EnergySolutions rounds out the top five with a projected earnings growth of 7.6%.

SmarTrend recommended that subscribers consider buying shares of ITC Holdings on December 1st, 2015 as our technology indicated a new Uptrend was in progress when shares hit $37.90. Since that recommendation, shares of ITC Holdings have risen 20.9%. We continue to monitor ITC Holdings for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest projected earnings growth brookfield infrastructure partners allete itc holdings american electric power amex:es energysolutions

Ticker(s): BIP ALE ITC AEP