Utility

Canadian Utilities Limited Faces a Paradox of Optimism Amidst Stagnant Growth
September 24, 2024 06:35 AM AEST| By Team Kalkine MediaIn the,utilities sector,, Canadian Utilities Limited is currently exhibiting a price-to-earnings (P/E) ratio of 17.4x. This figure stands out, particularly considering that nearly half of all companies in Canada report P/E ratios below 15x, and ratio...

Fortis Closes Private Placement to Boost Capital
September 20, 2024 08:47 PM AEST| By Team Kalkine MediaIn the,utilities sector,, Fortis is adapting to a complex landscape characterized by both challenges and prospects. The recent closure of a $500 million private placement is part of a broader strategy to bolster its capital base, supporting its robus...

Boralex’s Strategic Moves in the Utilities Sector
September 20, 2024 06:58 AM AEST| By Team Kalkine MediaIn the,utilities sector,, Boralex Inc. has been making significant strides that reflect its commitment to growth and sustainability. Known for its focus on renewable energy production, the company has been actively engaging in initiatives aimed at ex...
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Northland Power Inc. Navigates Financial Risks with Debt-Heavy Strategy
September 19, 2024 07:03 AM AEST| By Team Kalkine MediaNorthland Power Inc, a prominent player in the,utilities sector,, has recently garnered attention due to its financial risk profile associated with its use of debt. The company’s approach to financing, particularly its reliance on debt, is a focal po...

How Northland Power Stands Out in the Utilities Sector
September 04, 2024 12:35 AM AEST| By Team Kalkine MediaNorthland Power Inc., a key player in the,utilities sector,, has reported a return on equity (ROE) of 40%, which is a significant figure within the sector. This metric is used to assess a company's ability to generate profit relative to shareholders'...

Caribbean Utilities Company Reaffirms Dividend Payment
September 02, 2024 04:30 AM AEST| By Team Kalkine MediaCaribbean Utilities Company, Ltd., a key player in the,utilities sector,, has confirmed its commitment to a regular dividend payment. The company will distribute a dividend of USD 0.13 per share, continuing its pattern of returning value to sharehold...

Capital Power Second Quarter 2024 Results and Outlook
August 02, 2024 02:00 PM AEST| By Team Kalkine MediaCapital Power reported its second-quarter 2024 results, showing a decrease in revenue to CA$774 million, a 6.0% decline compared to the same quarter last year. Net income also fell by 5.1%, reaching CA$75 million. Despite these declines, the company’...

Fortis Reports $331 Million in Q2 Earnings, Up from Last Year
July 31, 2024 02:00 PM AEST| By Team Kalkine MediaHighlights:,Fortis Inc. earned $331 million in Q2, bolstered by strong performance in Arizona and new customer rates at Tucson Electric Power.,Adjusted net earnings per share rose to 67 cents, up from 62 cents a year earlier.,Revenue increased to $2....

Fortis Inc. (TSX:FTS): Analyzing the Discrepancies in Share Price
July 26, 2024 02:00 PM AEST| By Team Kalkine MediaFortis Inc.'s (TSX:FTS) current price-to-earnings (P/E) ratio of 18.2x may appear high compared to the Canadian market, where many companies have P/E ratios below 14x and even as low as 7x. This elevated P/E ratio warrants further scrutiny to underst...

TSX:BEPC: A Major Draw for Institutional Investors with 86% Ownership
July 26, 2024 02:00 PM AEST| By Team Kalkine MediaBrookfield Renewable Corporation (TSX:BEPC) presents an interesting case in terms of its shareholder composition, which significantly influences its stock dynamics. Institutional ownership plays a pivotal role in the company's market behavior, highli...

3 Reasons to Consider Fortis Stock Right Now
June 17, 2024 04:11 PM AEST| By Team Kalkine MediaInvesting in dividend stocks that consistently provide growing distributions over the long term is a proven strategy for those looking to grow wealth. One company that stands out for this purpose is Fortis (,TSX:FTS,). As a leader among,TSX utility s...

Brookfield Renewable Stock Gains Momentum: Worth Considering?
June 13, 2024 07:41 PM AEST| By Team Kalkine MediaBrookfield Renewable Partners LP has seen a notable uptick in its share price on the TSX in recent weeks, hovering around the $40 mark. This increase can be attributed to several strategic moves and positive market sentiments surrounding the company'...
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Top Picks: Canadian Utility Stocks to Keep an Eye on This June
June 10, 2024 05:19 PM AEST| By Team Kalkine MediaWhen considering investments in the Toronto Stock Exchange (TSX), dividend stocks often come to the forefront for long-term investors. Companies that offer stable and consistent dividends serve as bond proxies with the added potential for capital app...

How Fortis Inc. giving Impressive 7.2% ROE?
May 22, 2024 02:00 PM AEST| By Team Kalkine MediaReturn on Equity (ROE) is a fundamental financial metric that provides valuable insights into how effectively a,TSX utility stock,is utilizing its shareholders' equity to generate profits. In this article, we'll delve into the concept of ROE using Fo...

Consider 2 TSX Utility Stocks for Sustainable Growth
May 21, 2024 02:00 PM AEST| By Team Kalkine MediaInvesting in the stock market offers a pathway to substantial returns, albeit with inherent risks. However, compared to traditional savings accounts, the potential for higher returns makes it an attractive avenue for wealth generation. Strategic inve...

Consider these 2 TSX Utility Stocks for Stability and Growth
May 17, 2024 09:16 PM AEST| By Team Kalkine MediaIn today's volatile market landscape, investors are increasingly turning to defensive stocks to fortify their portfolios against potential economic headwinds. Among these defensive options,,TSX utility stocks,stand out for their stable cash flows and...

What's Missing from TSE:AQN Share Price Puzzle?
May 15, 2024 10:07 PM AEST| By Team Kalkine MediaExploring Algonquin Power & Utilities Corp. (TSE:AQN): A Compelling Investment Prospect with a P/S Ratio of 1.7x, Setting it Apart from Peers in,TSX Utility Stocks,. Yet, a Closer Examination Unveils a Complex Outlook.,Understanding Algonquin Power &...

TSX Utilities Sector Stocks are Under Considration for This Month
May 14, 2024 02:00 PM AEST| By Team Kalkine MediaIn the dynamic landscape of stock market investing, dividend stocks hold a special allure for investors seeking consistent income streams and long-term wealth accumulation. Within the Toronto Stock Exchange (TSX), the utilities sector emerges as a fe...

Innergex Renewable Reduces Dividend by 50%
May 09, 2024 08:25 PM AEST| By Team Kalkine MediaIn the realm of investment, discerning the viability of dividend stocks requires a nuanced understanding of market dynamics and financial performance. One such case is Innergex Renewable (TSX:INE), a renewable energy company that has garnered attenti...

Is Northland Power's 5% Dividend Yield Worth Buying?
February 22, 2024 10:20 PM AEDT| By Team Kalkine MediaIn the past two years, companies in capital-intensive sectors like energy, utilities, and real estate have lagged behind the broader markets significantly. Investors are concerned about the impact of rising interest rates on profit margins, leading t...
Canadian AI All-Stars: Unveiling the Top Stocks for 2024