transcanada

TC ENERGY INC. $64 (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 927 million; Market cap: $59.3 billion; Price-to-sales ratio: 4.3; Dividend yield: 4.7%; TSINetwork Rating: Above Average; www.tcenergy.com) is the new name for TransCanada Corp....

GREAT-WEST LIFECO $33.78 (Toronto symbol GWO; shares outstanding: 987.8 million; Market cap: $31.4 billion; TSINetwork Rating: Above Average; Dividend yield: 4.9%; www.greatwestlifeco.com) is Canada’s second-largest insurance company, after Manulife Financial.


The company plans to merge its three Canadian insurance subsidiaries (The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company) into a single firm—The Canada Life Assurance Company....

TRANSCANADA CORP. $64 (Toronto symbol TRP; Income-Growth Dividend Payer Portfolio, Utilities sector; Shares outstanding: 923.6 million; Market cap: $59.1 billion; Dividend yield: 4.7%; Dividend Sustainability Rating: Highest; www.transcanada.com) operates a 91,900-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S....

TRANSCANADA CORP. $62 (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 923.6 million; Market cap: $57.3 billion; Price-to-sales ratio: 4.2; Dividend yield: 4.8%; TSINetwork Rating: Above Average; www.transcanada.com) operates a 91,900-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S....

INNERGEX RENEWABLE ENERGY $14.291 (Toronto symbol INE; Shares outstanding: 133.1 million; Market cap: $1.9 billion; TSINetwork Rating: Extra Risk; Dividend yield 4.9%; www.innergex.com) has agreed to sell its assets in Iceland. It owns a 53.9% stake in two geothermal power projects and is building a run-of-river hydro project (one that relies on relatively steady river currents rather than a reservoir, or dam, to maintain its power output).


Innergex will receive $408.8 million when it completes the transaction, probably before June 30, 2019.


The company will use the proceeds to repay $228 million in loans it used to fund last year’s purchase of a 62% stake in five wind farms on Quebec’s Gaspé peninsula....

The six ETFs we update below mainly hold high-quality stocks that are widely traded on Canadian and U.S. exchanges. Each fund tracks the performance of a major stock market index. That’s different from ETFs focused on narrower indexes or themes such as cryptocurrencies or biotechnology.


Of course, you pay brokerage commissions to buy and sell these investments....

BROOKFIELD RENEWABLE PARTNERS L.P. $39.30 (Toronto symbol BEP.UN; Units outstanding: 296.3 million; Market cap: $11.6 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.9%; www.brookfieldrenewable.com) has interests in 218 hydroelectric generating stations, 104 wind farms and 544 solar-power facilities....

TRANSCANADA CORP. $58.96 (Toronto symbol TRP; Shares outstanding: 914.0 million; Market cap: $54.6 billion; TSINetwork Rating: Above Average; Dividend yield: 5.1%; www.transcanada.com) operates a 91,900-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S....

TRANSCANADA CORP. $56 (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 914.0 million; Market cap: $51.2 billion; Price-to-sales ratio: 3.9; Dividend yield: 4.9%; TSINetwork Rating: Above Average; www.transcanada.com) operates a 91,900-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S....

Dear safe-money investor:


We’ve selected our top picks for 2019—one stock, one real estate investment trust (REIT) and one exchange-traded fund (ETF). Each offers an attractive combination of growth prospects and a reasonable price.


We feel that investors profit the most by holding a well-balanced portfolio of high-quality stocks and REITs—like our first two recommendations....