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Enbridge Inc. (ENB $74.91)
- $74.91 P/E (TTM): 28.04X Cap: $162.25B
- View ENB Profile
- View Questions on ENB
- View Reports on ENB
TC Energy Corporation (TRP $88.24)
- $88.24 P/E (TTM): 26.99X Cap: $91.26B
- View TRP Profile
- View Questions on TRP
AltaGas Ltd. (ALA $47.84)
- $47.84 P/E (TTM): 19.01X Cap: $14.78B
- View ALA Profile
- View Questions on ALA

Q: Would you consider ENB, TRP, ALA as energy stock? My weight is above 15% for energy and just wonder if any of these can be group in a different sector?

Thanks

Asked on March 24, 2026

5i Research Answer:

These are all classifed within the energy sector. However, they have some utility-like characteristics. Their business outlook really depends more on volume and throughput as opposed to commodity prices. So, we would take this into account when look at sector allocation. We might consider them "half energy" when looking at position limits. Note this is not an exact science, though.

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