Steady gains from renewable power

High-cost wind and solar power doesn’t make sense economically. However, Algonquin and Innergex sell all of their wind and solar power under long-term, government-guaranteed contracts at above-market prices. That cuts their risk.

ALGONQUIN POWER & UTILITIES CORP. $5.71 (Toronto symbol AQN; Shares outstanding: 94.3 million; Market… Read More

Good partner in Emera

ALGONQUIN POWER & UTILITIES $5.85 (Toronto symbol AQN; Shares outstanding: 94.3 million; Market cap: $672.3 million; TSINetwork Rating: Extra Risk; Dividend yield: 4.4%; www.algonquinpower.com) is buying the 49.999% of California Pacific Electric Company (CPEC) it doesn’t own from Emera Inc. CPEC sells power to 47,000… Read More

High yields from renewable energy

ALGONQUIN POWER & UTILITIES CORP. $5.21 (Toronto symbol AQN; Shares outstanding: 95.1 million; Market cap: $495.5 million; TSINetwork Rating: Extra Risk; Dividend yield: 5.0%; www.algonquinpower.com) holds interests in 44 hydroelectric plants in Canada and the northeastern U.S., as well as 12 thermal-energy facilities. Wholly owned… Read More

This utility is investing for growth

Stocks in the Utilities sector usually appeal mainly to conservative and income-seeking investors. That’s because these firms’ operations (such as power plants and pipelines) generate steady cash flows that help them pay above-average dividends.

However, some utilities also offer opportunities for growth. Emera is good example… Read More

Regulatory delay pushed up final price

EMERA INC. $33 (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 114.0 million; Market cap: $3.8 billion; Price-to-sales ratio: 2.4; Dividend yield: 3.9%; TSINetwork Rating: Average; www.emera.com) has completed its purchase of California Pacific Electric Co., which generates and distributes electricity to 47,000 customers… Read More

Renewable power stocks with gains ahead

ALGONQUIN POWER & UTILITIES CORP. $4.88 (Toronto symbol AQN; Shares outstanding: 95.1 million; Market cap: $464.1 million; TSINetwork Rating: Extra Risk; Dividend yield: 4.9%; www.algonquinpower.com) holds interests in 47 hydroelectric plants in Canada and the northeastern U.S., as well as 14 thermal-energy facilities. Wholly owned… Read More

Yields stay high at these converted trusts

ALGONQUIN POWER & UTILITIES CORP. $4.10 (Toronto symbol AQN; Shares outstanding: 93.9 million; Market cap: $385.1 million; SI Rating: Extra Risk; Dividend yield: 5.9%) converted to a dividend-paying corporation in October 2009. Prior to its conversion, it was called Algonquin Power Income Fund.

Algonquin holds interests… Read More

Wind expansion for Algonquin

ALGONQUIN POWER & UTILITIES CORP. $4.25 (Toronto symbol AQN; Shares outstanding: 93.7 million; Market cap: $398.4 million; SI Rating: Extra Risk; Dividend yield: 5.7%) has started building its 26.4-megawatt Red Lily wind farm in Saskatchewan.

The company expects to start generating power from the $67.7-million project… Read More

Two ex-trusts hold payouts steady

PEMBINA PIPELINE INCOME FUND $17.86 (Toronto symbol PIF.UN; Units outstanding: 160.0 million; Market cap: $2.9 billion; SI Rating: Extra Risk; Dividend yield: 8.7%) owns nine pipeline systems with a total length of over 8,000 kilometres. This network is the largest feeder operation in Canada. These… Read More

Algonquin conversion a plus

ALGONQUIN POWER & UTILITIES CORP. $3.33 (Toronto symbol AQN; Shares outstanding: 85.7 million; Market cap: $285.2 million; SI Rating: Extra Risk) is the new name of Algonquin Power Income Fund after its conversion to a dividend-paying corporation.

To effect the conversion, TSX-listed Hydrogenics Inc. bought Algonquin,… Read More