tc energy
TC Energy Corporation, formerly known as TransCanada Corporation, is a North American energy company headquartered in Calgary, Alberta. It operates across Canada, the United States, and Mexico, focusing on energy infrastructure with core business segments in Natural Gas Pipelines, Power Generation, and Energy Storage.
The company is a key player in energy delivery, moving over 30% of North America’s daily natural gas supply through its extensive pipeline network. Additionally, TC Energy has a diversified portfolio that includes natural gas pipelines, oil pipelines, power generation, and renewable energy projects.
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ALGONQUIN POWER & UTILITIES, $9.52, is a buy. The utility (Toronto symbol AQN; Shares outstanding: 768.2 million; Market cap: $7.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.9%; www.algonquinpower.com) completed the sale of its 42.2% ownership stake in Atlantica Sustainable Infrastructure plc in December 2024 for $1.08 billion (all figures except share price and market cap in U.S. dollars). Algonquin also sold its non-regulated renewable energy business to LS Power in January 2025 for up to $2.5 billion. Today, Algonquin focuses entirely on its regulated utilities, which supply electricity, gas, water distribution and wastewater collection services to 32 million customers in Canada, the U.S., Chile and Bermuda.
Pipeline giant TC Energy was forced to cut its dividend after spinning off its oil pipeline business. However, given rising demand for natural gas and the company’s slate of new projects, we believe TC will return to its longstanding practice of providing annual dividend increases.
Top dividend pick TC Energy Inc. offers a 5.0% yield as it commissions lots of new projects for maximum growth.
Loblaw and TC Energy are leading competitors in theirrespective markets; look for that to cut your ongoing risk. We see both as attractive buys.