Q: I hold all of these utilities and would like to consolidate into one as a reliable dividend stream with some potential for a small amount of growth over 10-15 years (I hold in a RRSP). Which utility would you recommend to achieve this objective?
You can view 3 more answers this month. Sign up for a free trial for unlimited access.
Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
-
Royal Bank of Canada (RY $190.65)
-
BCE Inc. (BCE $35.24)
-
Enbridge Inc. (ENB $66.33)
-
Manulife Financial Corporation (MFC $42.49)
-
Loblaw Companies Limited (L $56.88)
-
Fortis Inc. (FTS $70.05)
-
Emera Incorporated (EMA $66.33)
-
Chartwell Retirement Residences (CSH.UN $18.25)
-
Open Text Corporation (OTEX $45.15)
-
RBC Life Science and Technology Fund Series D (RBF1030 $67.47)
-
Brookfield Asset Management Inc Class A Limited (BAM $61.06)
-
Brookfield Renewable Partners L.P. Limited Partnership Units (BEP $25.40)
Q: Good day,
I have built my daughter's RRSP with your wise direction. She is up 15 to 25% on BAM;EMA;FTS;L;OTEX;RY; BEP and RBF 1030.(My choice) Wonderful. Thank you. We are down in descending order on ENB;CSH;BCE and MFC.
Overweight in Utilities and Financials but okay with that.
Would you add to the latter group? Add any new ones.
Looking forward to Peter on BBN Tuesday.
Long term 25 years+. Many thanks!
I have built my daughter's RRSP with your wise direction. She is up 15 to 25% on BAM;EMA;FTS;L;OTEX;RY; BEP and RBF 1030.(My choice) Wonderful. Thank you. We are down in descending order on ENB;CSH;BCE and MFC.
Overweight in Utilities and Financials but okay with that.
Would you add to the latter group? Add any new ones.
Looking forward to Peter on BBN Tuesday.
Long term 25 years+. Many thanks!
-
Suncor Energy Inc. (SU $55.28)
-
Enbridge Inc. (ENB $66.33)
-
Power Corporation of Canada Subordinate Voting Shares (POW $57.76)
-
Fortis Inc. (FTS $70.05)
-
CCL Industries Inc. Unlimited Class B Non-Voting Shares (CCL.B $83.91)
-
Inter Pipeline Ltd. (IPL $19.12)
-
Emera Incorporated (EMA $66.33)
-
iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.53)
-
Hydro One Limited (H $50.65)
-
Brookfield Business Partners L.P. (BBU.UN $38.44)
-
Canadian Tire Corporation Limited (CTC $249.00)
-
Brookfield Asset Management Inc Class A Limited (BAM $61.06)
-
Brookfield Renewable Partners L.P. Limited Partnership Units (BEP $25.40)
-
Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $47.31)
Q: Good day,
I hold BEP.UN;BEPC;BBU;CCL.B;ENB;EMA;H;FTS;CTC; and BAM in a non registered account and thanks to you I have done very well following your Q & A and portfolios. I am down 43% in SU; down 23% in CPD; down 16% in IPL and 6% in POW. Would you add to the winners? Add to the temporary losers or ADD new ones. After today, am tempted to add to SU for sure. Have RRIF and TFSA with pretty balanced sectors. Overall, Overweight in Utilities, Financials and okay with that. Many thanks, Paul
I hold BEP.UN;BEPC;BBU;CCL.B;ENB;EMA;H;FTS;CTC; and BAM in a non registered account and thanks to you I have done very well following your Q & A and portfolios. I am down 43% in SU; down 23% in CPD; down 16% in IPL and 6% in POW. Would you add to the winners? Add to the temporary losers or ADD new ones. After today, am tempted to add to SU for sure. Have RRIF and TFSA with pretty balanced sectors. Overall, Overweight in Utilities, Financials and okay with that. Many thanks, Paul
-
Fortis Inc. (FTS $70.05)
-
Brookfield Renewable Partners L.P. (BEP.UN $35.16)
-
Emera Incorporated (EMA $66.33)
-
Algonquin Power & Utilities Corp. (AQN $8.04)
-
Northland Power Inc. (NPI $22.28)
Q: All of these stocks seem to be favourites and pay good dividends. Am having a hard time differentiating between them as regards to those involved in renewable energy ( I think NPI, BEP and Aqn ) and those involved in transmission only of electricity and natural gas (I think FTS, and EMA). Could you please comment on the differences, if there is any and how you would rank them.
Thanks
W
Thanks
W
-
Emera Incorporated (EMA $66.33)
-
Fortis Inc. (FTS $50.68)
-
Hyatt Hotels Corporation Class A (H $144.06)
Q: Hello, which is your order of preference for long term hold, future price and dividend appreciation. Thanks.
-
Fortis Inc. (FTS $70.05)
-
Canadian Utilities Limited Class A Non-Voting Shares (CU $38.55)
-
Emera Incorporated (EMA $66.33)
-
Algonquin Power & Utilities Corp. (AQN $8.04)
-
Brookfield Infrastructure Partners L.P. (BIP.UN $42.37)
Q: Peter,
I own Atco, Algonquin Power, Fortis, Canadian Utilities , Emara and Brookfield Infrastructure. My concern is I am missing out on the renewables / green space companies. In the utility space what other recommendations you would give to ensure I am covered.
Thank you
Paul
I own Atco, Algonquin Power, Fortis, Canadian Utilities , Emara and Brookfield Infrastructure. My concern is I am missing out on the renewables / green space companies. In the utility space what other recommendations you would give to ensure I am covered.
Thank you
Paul
-
Fortis Inc. (FTS $70.05)
-
Brookfield Renewable Partners L.P. (BEP.UN $35.16)
-
Emera Incorporated (EMA $66.33)
-
Algonquin Power & Utilities Corp. (AQN $8.04)
-
Northland Power Inc. (NPI $22.28)
-
Boralex Inc. Class A Shares (BLX $29.76)
Q: HI, There seems to be a growing consensus among market watchers and strategists, that Utilities are likely to shine in coming months and years. In this sector, specially the companies which have more exposure to Renewable and Green energy seem to be the favorites. One of the reasons cited for this view is a possible Biden win in coming US elections. We presently have about 9% sector weighting, equally divided between AQN and FTS, but wish increase to may be 15%. Over recent weeks, rising valuations have also reflected this optimism, although, for some more than others.( e.g.,Boralex from $27 to now $41). Which of above companies, in your view, have best potential for growth and prospects for consolidating their position in Green energy ? Also, from valuation perspective, which ones will be your favorites, for more capital appreciation over next few years ? It would help, if you could rank them in preference and explain your reasoning. Thank you for your great insight, as always.
-
Canadian Tire Corporation Limited Class A Non-Voting Shares (CTC.A $170.09)
-
Fortis Inc. (FTS $70.05)
-
Restaurant Brands International Inc. (QSR $87.61)
-
Emera Incorporated (EMA $66.33)
-
Algonquin Power & Utilities Corp. (AQN $5.82)
-
TC Energy Corporation (TRP $51.24)
Q: This is actually a followup question to your answer to Steve's question from earlier this morning.
I also hold a core position in TRP. Dividend investor. Intended to hold 'forever'. I'm 43.
I couldn't tell from your answer to Steve's question whether you view TRP as a 'BUY', 'SELL', 'HOLD' or 'GRADUALLY TRIM UNTIL DIVESTED'. You had previously opined that oil will likely subsist as a fuel source in demand for 20+ years. That would take me to age 63. What do you think is the likelihood that TRP continues to pay and grow its dividend for say, 50 years? I know given the time frame, this is a very difficult, speculative, predictive question, but your guess is better than mine. I don't want to hang on to this position only to have to sell it at a massive loss 20 years from now, but that is the scenario that appears to be gradually unfolding now.
I hold a fairly concentrated portfolio of 20 companies, equally-weighted, and each is selected with the intention of holding for their sustained, rising dividend payments in perpetuity. When this is threatened, either imminently or in the medium to long-term, I sell. I sold SU when they cut their dividend and am glad I did.
Given this context, should I exit TRP? If so, should I use the proceeds to start a new position in AQN? I already own FTS and EMA, would this be too much overlap or too much utilities exposure? If so, I am relatively light on Consumer Discretionary (only hold CTC.A in this sector and have been eyeing QSR - do you think a switch from TRP to QSR would make more sense?
Please deduct as many credits as necessary, this was actually *many* questions in one.
I also hold a core position in TRP. Dividend investor. Intended to hold 'forever'. I'm 43.
I couldn't tell from your answer to Steve's question whether you view TRP as a 'BUY', 'SELL', 'HOLD' or 'GRADUALLY TRIM UNTIL DIVESTED'. You had previously opined that oil will likely subsist as a fuel source in demand for 20+ years. That would take me to age 63. What do you think is the likelihood that TRP continues to pay and grow its dividend for say, 50 years? I know given the time frame, this is a very difficult, speculative, predictive question, but your guess is better than mine. I don't want to hang on to this position only to have to sell it at a massive loss 20 years from now, but that is the scenario that appears to be gradually unfolding now.
I hold a fairly concentrated portfolio of 20 companies, equally-weighted, and each is selected with the intention of holding for their sustained, rising dividend payments in perpetuity. When this is threatened, either imminently or in the medium to long-term, I sell. I sold SU when they cut their dividend and am glad I did.
Given this context, should I exit TRP? If so, should I use the proceeds to start a new position in AQN? I already own FTS and EMA, would this be too much overlap or too much utilities exposure? If so, I am relatively light on Consumer Discretionary (only hold CTC.A in this sector and have been eyeing QSR - do you think a switch from TRP to QSR would make more sense?
Please deduct as many credits as necessary, this was actually *many* questions in one.
-
Fortis Inc. (FTS $70.05)
-
Canadian Utilities Limited Class A Non-Voting Shares (CU $38.55)
-
Emera Incorporated (EMA $66.33)
Q: Can you rate the following companies in order of expected dividend growth over the next 5-10 years: CU, EMA, FTS. How do they rate in respect to their renewable energy prospects and growth?
-
BCE Inc. (BCE $35.24)
-
TELUS Corporation (T $22.94)
-
Fortis Inc. (FTS $70.05)
-
Emera Incorporated (EMA $66.33)
-
Algonquin Power & Utilities Corp. (AQN $8.04)
Q: Looking to deploy excess cash, mainly for dividends and some growth. I have room in both utilities and telecom sectors. If I compare the Utilities and Telecoms listed, it would seem from current valuations (Fwd PE versus historical PE average) and looking at share appreciation the past 5 years ( history of generating shareholder value) , 5yr dividend growth rates and expected revenue growth, the utilities group easily wins on all counts. Based on this analysis, I should be buying from my list of utilities before I start buying from the Telecom list. Do you agree with my conclusion? Should I add any additional analysis? Thank-you.
Q: Could I please have your comments on EMA’s results please. Free cash flow took a dive. Anything to be overly concerned about? Thanks.
-
Emera Incorporated (EMA $66.33)
-
Algonquin Power & Utilities Corp. (AQN $8.04)
-
Boralex Inc. Class A Shares (BLX $29.76)
Q: I have had these 3 utilities companies in my portfolio for some time .Their share value resilience and ongoing share price increases have been very beneficial for my portfolio. I am reluctant to trim them for adjustment of the portfolio utilities sector. These are also mostly " green energy " producers which have been in demand.In your view in what order would you trim these companies for portfolio sector adjustment ? Thanks for your opinion.
-
Emera Incorporated (EMA $66.33)
-
Algonquin Power & Utilities Corp. (AQN $8.04)
-
Northland Power Inc. (NPI $22.28)
Q: Thinking of putting some money long term with reasonable dividend in one of the above mentioned companies. Any suggestions?
Q: Good afternoon
Quick question
Fortis or Emera, and why.?
I notice that Emera pays a better dividend
Thank you
Quick question
Fortis or Emera, and why.?
I notice that Emera pays a better dividend
Thank you
Q: What would you consider the best bond proxies at this time?
-
Fortis Inc. (FTS $70.05)
-
Brookfield Renewable Partners L.P. (BEP.UN $35.16)
-
Emera Incorporated (EMA $66.33)
-
BMO Equal Weight Utilities Index ETF (ZUT $24.63)
Q: Hi
I have held Emera for a few years in a TFSA (~2% of total portfolio). You seem to prefer other companies in the utilities sector. What is your preferred pick(s) for this sector and would you recommend switching out of EMA? I also have ~1.5% in ZUT. My other holding primarily consist of a split of broad market ETFs.
thanks,
I have held Emera for a few years in a TFSA (~2% of total portfolio). You seem to prefer other companies in the utilities sector. What is your preferred pick(s) for this sector and would you recommend switching out of EMA? I also have ~1.5% in ZUT. My other holding primarily consist of a split of broad market ETFs.
thanks,
-
Fortis Inc. (FTS $70.05)
-
AltaGas Ltd. (ALA $42.17)
-
Emera Incorporated (EMA $66.33)
-
Algonquin Power & Utilities Corp. (AQN $8.04)
-
BMO Equal Weight Utilities Index ETF (ZUT $24.63)
-
iShares S&P/TSX Capped Utilities Index ETF (XUT $31.03)
Q: I wish to buy a defensive utility in a non-reg acct that will qualify for DTC (not sure if ETFs above qualify for DTC). I am aware of different div yields. Is there any significant difference in risks that stand out to you? Plse rank in your order of pref for purchase (already own EMA but would purchase more).
-
Tyson Foods Inc. (TSN $57.61)
-
Waste Management Inc. (WM $227.02)
-
Fortis Inc. (FTS $70.05)
-
Emera Incorporated (EMA $66.33)
-
Maple Leaf Foods Inc. (MFI $35.65)
-
Premium Brands Holdings Corporation (PBH $95.72)
-
Hydro One Limited (H $50.65)
-
Waste Connections Inc. (WCN $184.78)
Q: What would be your favourite 5 Canadian and 5 us stocks for stagflation and best etf as well.Your favourite food commodity etf as well .thanks
Q: Hi, how would EMA hold up in a significant economic/ market downturn compared to say FTS or BEP.? Does its business and operations generally carry similar or different risks? Thanks.
-
Enbridge Inc. (ENB $66.33)
-
TC Energy Corporation (TRP $70.80)
-
Fortis Inc. (FTS $70.05)
-
Brookfield Renewable Partners L.P. (BEP.UN $35.16)
-
Emera Incorporated (EMA $66.33)
-
Algonquin Power & Utilities Corp. (AQN $8.04)
-
Brookfield Infrastructure Partners L.P. (BIP.UN $42.37)
Q: I am a buy and hold investor with 5 to 10 years of time horizon.
Have the following 7 stocks in Canadian Utilities in the order of their weights in our portfolio. Utilities makeup roughly 8.5% of the total portfolio including cash positions and like their dividend. FTS, TRP,EMA, AQN, ENB, BEP-UN, BIP-UN. I like to reduce exposure to utilities and also like to reduce number of different shares. Two questions:
1. Is 8.5% a reasonable weight considering the current situation?
2. Which one of these I should sell to reduce utilities weight and to reduce the number of shares in utilities?
Have the following 7 stocks in Canadian Utilities in the order of their weights in our portfolio. Utilities makeup roughly 8.5% of the total portfolio including cash positions and like their dividend. FTS, TRP,EMA, AQN, ENB, BEP-UN, BIP-UN. I like to reduce exposure to utilities and also like to reduce number of different shares. Two questions:
1. Is 8.5% a reasonable weight considering the current situation?
2. Which one of these I should sell to reduce utilities weight and to reduce the number of shares in utilities?