Latest Stock Advice
Nutrien Ltd. offers exposure to potash and nitrogen prices, a stable retail base and strong profitability.
Toromont Industries Ltd. should see continued earnings growth thanks to its leading market share and Canada’s plan to increase spending on infrastructure projects.
Top pick Barrick Mining just raised its dividend a whopping 140% as it generates record earnings and continues its strategic asset reorganization.
Warner Music Group Corp. is well-positioned for higher-margin catalog revenues, added streaming adoption, and new AI monetization opportunities.
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BCE INC. $57.77 (Toronto symbol BCE; Shares outstanding: 865.4 million; Market cap: $50.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.7%; www.bce.ca) continues to benefit from strong demand for its wireless, high-speed Internet and Fibe TV services. That’s offsetting weaker revenue from traditional telephone services. In the three months ended December 31, 2015, the company’s revenue rose 1.4%, to $5.60 billion from $5.53 billion. Per-share profits were unchanged at $0.72. During the quarter, the company added 91,308 wireless subscribers under long-term contracts. That’s down from 118,120 a year earlier, mainly due to strong competition over the winter holiday. However, smartphone users now account for 78% of these customers, up from 76% a year earlier. That’s good news, as smartphones generate higher monthly fees than regular cellphones....
BROOKFIELD RENEWABLE ENERGY PARTNERS L.P. $37.27 (Toronto symbol BEP.UN; Units outstanding: 265.2 million; Market cap: $10.1 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.6%; www.brookfieldrenewable.com) owns 207 hydroelectric generating stations, 37 wind farms and five natural gas-fired plants. In all, it has over 7,284 megawatts of generating capacity. Roughly 24% of that capacity is in Canada, with another 50% in the U.S., 13% in Latin America and 8% in Europe. In the three months ended September 30, 2015, Brookfield’s cash flow per share rose 2.2%, to $0.46 from $0.45 a year earlier....
INNERGEX RENEWABLE ENERGY $12.84 (Toronto symbol INE; Shares outstanding: 103.9 million; Market cap: $1.3 billion; TSINetwork Rating: Extra Risk; Dividend yield 5.0%; www.innergex.com) operates 27 hydroelectric plants, six wind farms and one solar power facility in Quebec, Ontario, B.C. and Idaho. The company gets 77% of its power from hydroelectric plants, 22% from wind and 1% from solar. In contrast to Brookfield, Innergex is growing slowly, mostly by building its own hydroelectric and wind facilities, rather than through acquisitions. Right now, the company has four projects under construction. But like Brookfield, Innergex makes sure it has firm long-term power-purchase contracts in place before it starts building new plants....
ENBRIDGE INC. $46.75 (Toronto symbol ENB; Shares outstanding: 867.6 million; Market cap: $40.8 billion; TSINetwork Rating: Above Average; Divd. yield: 4.5%; www.enbridge.com) has agreed to sell 56.6 million common shares at $40.70 a share to several major brokerage firms to raise $2.3 billion. Enbridge will put that cash toward $18.2 billion in spending on new pipelines, wind farms and other projects between 2016 and 2019. The company has already secured shipping commitments from oil producers and other clients. That should cut the risk for these new projects. The extra cash flow from the new operations will allow Enbridge to increase its dividend by 10% to 12% a year through 2019; the current annual rate of $2.12 a share yields 4.5%. However, the stock is somewhat expensive at 21.0 times its projected 2016 earnings of $2.23 a share....