Enbridge Inc.
ENBRIDGE INC. $57 (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.6 billion; Market cap: $91.2 billion; Price-to-sales ratio: 2.7; Dividend yield: 4.3%; TSINetwork Rating: Above Average; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S....
ENBRIDGE INC. $56 (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 938.6 million; Market cap: $52.7 billion; Price-to-sales ratio: 2.7; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www.enbridge.com) plans to sell some of its common shares in Enbridge Income Fund Holdings Inc....
IBM $172.88 (New York symbol IBM; Shares outstanding: 950.9 million; Market cap: $164.6 billion; TSINetwork Rating: Above Average; Dividend yield: 3.2%; www.ibm.com) is one of the world’s largest computer companies, with operations in over 175 countries.
IBM will now form a new company with big Chinese conglomerate Dalian Wanda....
IBM will now form a new company with big Chinese conglomerate Dalian Wanda....
ENBRIDGE INC. $55.27 (Toronto symbol ENB; Shares outstanding: 934.2 million; Market cap: $52.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.2%; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S....
CANADIAN UTILITIES LTD. $37 (www.canadianutilities.com) distributes electricity and natural gas in Alberta and Australia. The company has raised its quarterly dividend by 10.0%, to $0.3575 a share from $0.325. The new annual rate of $1.43 yields 3.9%. Buy.
ATCO LTD....
ATCO LTD....
ENBRIDGE INC. $55.14 (Toronto symbol ENB; Shares outstanding: 934.2 million; Market cap: $52.3 billion; TSINetwork Rating: Above Average; Dividend yield: 4.2%; www.enbridge.com) will buy Spectra Energy Corporation (New York symbol SE) for $37 billion in Enbridge stock.
Spectra operates 143,520 kilometres of crude oil and natural gas pipelines in the U.S....
Spectra operates 143,520 kilometres of crude oil and natural gas pipelines in the U.S....
In the past two years, several of Canada’s leading utility companies have used acquisitions to expand in the U.S.
That kind of strategy tends to add risk. However, the three companies we analyze below have bought regulated utilities. Predictable revenue streams from these new businesses will help them pay down the loans they needed to complete those purchases.
What’s more, the elimination of overlapping operations will free up cash for dividends....
That kind of strategy tends to add risk. However, the three companies we analyze below have bought regulated utilities. Predictable revenue streams from these new businesses will help them pay down the loans they needed to complete those purchases.
What’s more, the elimination of overlapping operations will free up cash for dividends....
FORTIS INC. $41 (Toronto symbol FTS; Income-Growth Dividend Payer Portfolio, Utilities sector; Shares o/s: 399.8 million; Market cap: $16.4 billion; Price-to-sales ratio: 2.5; Dividend Sustainability Rating: Highest; Dividend yield 3.9%; www.fortisinc.com) is the main power utility in Newfoundland and PEI....
Enbridge and TransCanada continue to face strong political and environmental opposition to their proposed oil pipeline projects in Canada.
In response, both firms are expanding in the U.S. with big acquisitions. While that adds to their risk, we feel both purchases will fuel their growth for years to come....
In response, both firms are expanding in the U.S. with big acquisitions. While that adds to their risk, we feel both purchases will fuel their growth for years to come....
ENBRIDGE INC. $56.98 (Toronto symbol ENB; Shares outstanding: 934.2 million; Market cap: $53.2 billion; TSINetwork Rating: Above Average; Dividend yield: 3.7%; www.enbridge.com) will buy Spectra Energy Corporation (New York symbol SE) for $37 billion in Enbridge stock....