Brookfield Infrastructure Partners L.P.BIP was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $37.71 to $39.69 in the past one-month time frame.
The move came after the company declared that it has inked a definitive agreement to acquire Enbridge Inc.'s Western Canadian natural gas gathering and processing business for roughly $3.3 billion.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Brookfield Infrastructure currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Brookfield Infrastructure Partners LP Price
Brookfield Infrastructure Partners LP Price | Brookfield Infrastructure Partners LP Quote
A better-ranked stock in the Utility - Electric Power industry is Alliant Energy Corporation LNT , holding a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Is BIP going up? Or down? Predict to see what others think: Up or Down
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportBrookfield Infrastructure Partners LP (BIP): Free Stock Analysis ReportAlliant Energy Corporation (LNT): Free Stock Analysis ReportTo read this article on Zacks.com click here.