Investment Q&A

• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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• ATCO Ltd. Class II Shares (ACO.Y $63.75)
  • $63.75 P/E (TTM): 14.69X Cap: $6.25B
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Q: Atco sent a message to shareholders of Class I and Class II shares today. There will be a special meeting in December to vote on Class II shares becoming Class I shares, for various reasons --- one of them being that the existing Class II shares are not very liquid (low trading volume).

Would this change to the share structure affect Class I shareholders in any significant way going forward?

And, please confirm that only the Class II shareholders are entitled to vote at the special meeting.

Thank you and have a great day.

Upvote 2

Read Answer Asked by Cathy on November 18, 2025

• Manulife Financial Corporation (MFC $47.64)
  • $47.64 P/E (TTM): 14.91X Cap: $79.11B
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• Canadian Imperial Bank Of Commerce (CM $117.98)
  • $117.98 P/E (TTM): 14.74X Cap: $111.52B
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• Great-West Lifeco Inc. (GWO $63.01)
  • $63.01 P/E (TTM): 14.32X Cap: $58.08B
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• IGM Financial Inc. (IGM $56.00)
  • $56.00 P/E (TTM): 12.77X Cap: $13.11B
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• AltaGas Ltd. (ALA $44.12)
  • $44.12 P/E (TTM): 17.29X Cap: $13.16B
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• Canadian Utilities Limited Class A Non-Voting Shares (CU $42.12)
  • $42.12 P/E (TTM): 20.66X Cap: $11.52B
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• Keyera Corp. (KEY $43.63)
  • $43.63 P/E (TTM): 18.16X Cap: $10.07B
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• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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• Northland Power Inc. (NPI $17.95)
  • $17.95 Cap: $4.63B
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• Gibson Energy Inc. (GEI $25.00)
  • $25.00 P/E (TTM): 25.71X Cap: $3.96B
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• Russel Metals Inc. (RUS $40.16)
  • $40.16 P/E (TTM): 13.51X Cap: $2.21B
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• Morguard North American Residential Real Estate Investment Trust (MRG.UN $16.88)
  • $16.88 P/E (TTM): 5.24X Cap: $886M
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• Nexus Industrial REIT (NXR.UN $7.52)
  • $7.52 Cap: $727M
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• First Capital Real Estate Investment Trust (FCR.UN $19.40)
  • $19.40 P/E (TTM): 35.85X Cap: $4.11B
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• Doman Building Materials Group Ltd. (DBM $8.81)
  • $8.81 P/E (TTM): 9.83X Cap: $766M
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• Propel Holdings Inc. (PRL $20.52)
  • $20.52 P/E (TTM): 9.38X Cap: $818M
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Q: For a dividend account, in what order would you acquire and at what price. Thanks

Upvote 8

Read Answer Asked by David on November 06, 2025

• TC Energy Corporation (TRP $76.76)
  • $76.76 P/E (TTM): 23.5X Cap: $78.81B
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• Brookfield Renewable Partners L.P. (BEP.UN $40.32)
  • $40.32 Cap: $26.28B
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• Tourmaline Oil Corp. (TOU $61.96)
  • $61.96 P/E (TTM): 17.21X Cap: $23.55B
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• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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• Capital Power Corporation (CPX $61.99)
  • $61.99 P/E (TTM): 21.78X Cap: $9.68B
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Q: Hi, looking to trim one of these holdings too many, could you please rank these companies from least liked to best . Risk and Sector not an issue. Keeping the remaining for long term.
Thanks

Upvote 3

Read Answer Asked by Brad on October 30, 2025

• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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• Capital Power Corporation (CPX $61.99)
  • $61.99 P/E (TTM): 21.78X Cap: $9.68B
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Q: Which company do you think has better long term growth potential?
Thanks

Upvote 4

Read Answer Asked by Curtis on September 17, 2025

• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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Q: Hi Peter & Team,

Our new PM frequently mentions modular housing as a way to rapidly build up Canada's housing supply. Since ATCO is apparently a large player in modular housing, do you believe that this could provide some tailwinds to ATCO stock? Your insight is highly valued.

Upvote 3

Read Answer Asked by Jerry on May 15, 2025

• Fortis Inc. (FTS $72.22)
  • $72.22 P/E (TTM): 20.99X Cap: $36.73B
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• Canadian Utilities Limited Class A Non-Voting Shares (CU $42.12)
  • $42.12 P/E (TTM): 20.66X Cap: $11.52B
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• Emera Incorporated (EMA $68.04)
  • $68.04 P/E (TTM): 18.59X Cap: $20.57B
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• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
  • View ACO.X Profile
  • View Questions on ACO.X
• TransAlta Corporation (TA $20.40)
  • $20.40 Cap: $6B
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• Hydro One Limited (H $53.66)
  • $53.66 P/E (TTM): 24.99X Cap: $32.26B
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Q: What order would you place these for buying right now...and maybe a bullet point as to why or why not for each? Many thanks!

Upvote 10

Read Answer Asked by Doug on March 31, 2025

• Manulife Financial Corporation (MFC $47.64)
  • $47.64 P/E (TTM): 14.91X Cap: $79.11B
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• Fairfax Financial Holdings Limited Subordinate Voting Shares (FFH $2,343.04)
  • $2,343.04 P/E (TTM): 7.81X Cap: $50.26B
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• Power Corporation of Canada Subordinate Voting Shares (POW $68.18)
  • $68.18 P/E (TTM): 14.68X Cap: $43.51B
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• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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• Whitecap Resources Inc. (WCP $11.70)
  • $11.70 P/E (TTM): 9.5X Cap: $14.09B
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Q: Can you please rate the above 5 companies on a 1-10 scale; 10 being the highest rating. I am want to hold long-term, mostly for income and some growth. Is the debt level of any of these companies a concern?
Thanks!

Upvote 5

Read Answer Asked by Grant on February 26, 2025

• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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Q: Hi Everyone!
What are your thoughts on Atco for a long term hold ?
Cheers,
Tamara

Upvote 3

Read Answer Asked by Tamara on February 21, 2025

• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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Q: Do you see upside movement with rates dropping besides the divident?

Upvote 3

Read Answer Asked by Gary on September 30, 2024

• Enbridge Inc. (ENB $68.25)
  • $68.25 P/E (TTM): 25.66X Cap: $147.25B
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• Canadian Natural Resources Limited (CNQ $47.91)
  • $47.91 P/E (TTM): 14.79X Cap: $99.07B
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• TC Energy Corporation (TRP $76.76)
  • $76.76 P/E (TTM): 23.5X Cap: $78.81B
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• AltaGas Ltd. (ALA $44.12)
  • $44.12 P/E (TTM): 17.29X Cap: $13.16B
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• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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Q: Hi, could you please rank these stocks from best to not as good. Also was thinking of replacing one with CNQ. for more growth, as I may have too much overlap? 3+ year hold . Your thoughts, Thanks

Upvote 5

Read Answer Asked by Brad on September 23, 2024

• Fortis Inc. (FTS $72.22)
  • $72.22 P/E (TTM): 20.99X Cap: $36.73B
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• Brookfield Renewable Partners L.P. (BEP.UN $40.32)
  • $40.32 Cap: $26.28B
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  • View Reports on BEP.UN
• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
  • View ACO.X Profile
  • View Questions on ACO.X
• Capital Power Corporation (CPX $61.99)
  • $61.99 P/E (TTM): 21.78X Cap: $9.68B
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• Hydro One Limited (H $53.66)
  • $53.66 P/E (TTM): 24.99X Cap: $32.26B
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Q: Can you rank the top 5 canadian utilities for a long-term hold for income.

TY

Upvote 12

Read Answer Asked by Gerald on September 12, 2024

• Fortis Inc. (FTS $72.22)
  • $72.22 P/E (TTM): 20.99X Cap: $36.73B
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• Emera Incorporated (EMA $68.04)
  • $68.04 P/E (TTM): 18.59X Cap: $20.57B
  • View EMA Profile
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• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
  • View ACO.X Profile
  • View Questions on ACO.X
• Capital Power Corporation (CPX $61.99)
  • $61.99 P/E (TTM): 21.78X Cap: $9.68B
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• Brookfield Infrastructure Partners L.P. (BIP.UN $49.25)
  • $49.25 P/E (TTM): 54.42X Cap: $22.54B
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• Hydro One Limited (H $53.66)
  • $53.66 P/E (TTM): 24.99X Cap: $32.26B
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Q: Hello,

Thank you for all you do.

For a 5-10 yr hold, could you rank the above on total shareholder return vs risk (I am thinking debt exposure/interest rate risk), but there may be others.

Thank you

Upvote 8

Read Answer Asked by Delbert on April 12, 2024

• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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Q: Good quarter?

Upvote 1

Read Answer Asked by Kelly on March 05, 2024

• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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Q: I am looking at ATCO for a slow and steady grower with a solid, safe dividend.

What are your current thoughts ?

Ken

Upvote 3

Read Answer Asked by Ken on February 26, 2024

• Fortis Inc. (FTS $72.22)
  • $72.22 P/E (TTM): 20.99X Cap: $36.73B
  • View FTS Profile
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• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
  • View ACO.X Profile
  • View Questions on ACO.X
• Capital Power Corporation (CPX $61.99)
  • $61.99 P/E (TTM): 21.78X Cap: $9.68B
  • View CPX Profile
  • View Questions on CPX
  • View Reports on CPX

Q: I’m considering switching from aco.x to cpx to free up cash and maintain total annual dividend amount. Will you please provide opinion regarding the safety of the dividend and long-term capital appreciation. Is there a better company in any sector I should consider at this time to achieve the same objective. Thank you

Upvote 3

Read Answer Asked by David on February 12, 2024

• Toronto-Dominion Bank (The) (TD $114.96)
  • $114.96 P/E (TTM): 9.66X Cap: $196.20B
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• Bank of Nova Scotia (The) (BNS $94.01)
  • $94.01 P/E (TTM): 18.2X Cap: $117.70B
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• BCE Inc. (BCE $32.01)
  • $32.01 P/E (TTM): 4.86X Cap: $30.03B
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• Enbridge Inc. (ENB $68.25)
  • $68.25 P/E (TTM): 25.66X Cap: $147.25B
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• Sun Life Financial Inc. (SLF $82.48)
  • $82.48 P/E (TTM): 20.75X Cap: $47.07B
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• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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Q: Please identify your 5 top equity CDN bond proxies that pay north of a 5% dividend where you believe the dividend is safe plus there is room for growth in the stock price.

Upvote 22

Read Answer Asked by LEN on November 30, 2023

• Toronto-Dominion Bank (The) (TD $114.96)
  • $114.96 P/E (TTM): 9.66X Cap: $196.20B
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• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
  • View ACO.X Profile
  • View Questions on ACO.X
• Tricon Residential Inc. (TCN $15.34)
  • $15.34 P/E (TTM): 28.0X Cap: $4.50B
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• A&W Revenue Royalties Income Fund (AW.UN $36.93)
  • $36.93 P/E (TTM): 17.7X Cap: $538M
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• iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.49)
  • $13.49 P/E (TTM): 7.35X Cap: $1.06B
  • View CPD Profile
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• iShares Convertible Bond Index ETF (CVD $17.95)
  • $17.95 Cap: $102M
  • View CVD Profile
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• iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.52)
  • $16.52 Cap: $941M
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Q: hi,
looking through the 5i model income portfolio, these entities are all down in share price. for an investor looking for income and growth (both capital appreciation and dividend growth to keep up with inflation over long term ), are all these a buy today? any a sell? any others in the income portfolio you are more interested in today?
cheers, chris

Upvote 0

Read Answer Asked by chris on September 18, 2023

• Broadcom Inc. (AVGO $355.20)
  • $355.20 P/E (TTM): 87.41X Cap: $1.60T
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• UnitedHealth Group Incorporated (DE) (UNH $308.52)
  • $308.52 P/E (TTM): 16.72X Cap: $284.05B
  • View UNH Profile
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• Zoetis Inc. Class A (ZTS $116.83)
  • $116.83 P/E (TTM): 20.0X Cap: $52.06B
  • View ZTS Profile
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• Toronto-Dominion Bank (The) (TD $114.96)
  • $114.96 P/E (TTM): 9.66X Cap: $196.20B
  • View TD Profile
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• Enbridge Inc. (ENB $68.25)
  • $68.25 P/E (TTM): 25.66X Cap: $147.25B
  • View ENB Profile
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  • View Reports on ENB
• Restaurant Brands International Inc. (QSR $95.30)
  • $95.30 P/E (TTM): 24.31X Cap: $42.86B
  • View QSR Profile
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• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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  • View Questions on ACO.X
• TMX Group Limited (X $51.71)
  • $51.71 P/E (TTM): 31.52X Cap: $14.32B
  • View X Profile
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  • View Reports on X
• Domino's Pizza Inc (DPZ $401.60)
  • $401.60 P/E (TTM): 23.65X Cap: $13.62B
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• Pool Corporation (POOL $233.79)
  • $233.79 P/E (TTM): 21.64X Cap: $9.02B
  • View POOL Profile
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Q: Hi 5i,

Can you offer some of your favourite dividend growth equity's. CDN and US, regardless of sector.

Upvote 0

Read Answer Asked by Regan on September 14, 2023

• Brookfield Renewable Partners L.P. (BEP.UN $40.32)
  • $40.32 Cap: $26.28B
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• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
  • View ACO.X Profile
  • View Questions on ACO.X
• BMO Covered Call Utilities ETF (ZWU $11.37)
  • $11.37 P/E (TTM): 18.66X Cap: $1.95B
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• Hydro One Limited (H $53.66)
  • $53.66 P/E (TTM): 24.99X Cap: $32.26B
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Q: Hello i would like to add some Zwu to my TSFA account strictly as income,hovewer i noticed that Zwu isn't part of your income portfolio any reasons? i'm 80.

Thanks.
Dan

Upvote 0

Read Answer Asked by DANIEL on September 12, 2023

• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.44)
  • $55.44 P/E (TTM): 14.69X Cap: $6.25B
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Q: I believe that a little over a month ago the Atco CEO purchased $931K of stock at $37.22 - a 6.2% increase in ownership. Is this enough conviction to get someone interested in taking a position in the stock?

Upvote 0

Read Answer Asked by James on September 11, 2023