Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth.
Roger built his reputation with Utility Forecaster, a publication he founded more than 20 years ago that The Hulbert Financial Digest routinely ranked as one of the best investment newsletters. He’s also a sought-after expert on master limited partnerships (MLP) and former Canadian royalty trusts.
In April 2013, Roger reunited with his long-time friend and colleague, Elliott Gue, becoming co-editor of Energy & Income Advisor, a semimonthly online newsletter that’s dedicated to uncovering the most profitable opportunities in the energy sector.
Although the masthead may have changed, readers can count on Roger to deliver the same high-quality analysis and rational assessment of the best dividend-paying utilities, MLPs and dividend-paying Canadian energy names.
There are only a few weeks left in first quarter 2019. And still a handful of Utility Report Card coverage universe companies haven’t reported calendar fourth quarter numbers and guidance.
Unfortunately, tardy filings are par for the course this time of year, when most companies make full-on annual reports rather than quarterly updates. But there’s already been plenty revealed that has critical implications for investors during the rest of 2019.
This month’s Report Card has the particulars for almost all of the companies that didn’t report in time for the February issue. Putting together everything we’ve learned so far, the most important takeaway is, to a company, our Portfolio recommendations didn’t disappoint.
In fact, Aggressive Holding Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) justified our faith holding onto it over the past year by returning to dividend growth. That news pushed its shares to a new all-time high this month. And as the “Portfolio Holdings Trading Above Target” table in the Portfolio Article shows, it’s hardly alone in making a run.
It’s been nearly a dozen years since Italy’s Enel SpA (Italy: ENEL, OTC: ENLAY) acquired a majority stake in Spain’s Endesa SA (Spain: ELE)—and immediately became the largest holder of electricity assets in South America as well. That was thanks to a much earlier merger between Endesa and the former Enersis of Chile, which had built a collection of assets across several countries most importantly Brazil.
TransCanada Corp (TSX: TRP, NYSE: TRP) has long been synonymous with the delayed north leg of the Keystone XL pipeline. Earlier this decade, the project to deliver Alberta oil to the US Gulf Coast seemed a sure thing. Then it became the one pipeline the Obama Administration rejected, only to be revived by the Trump Administration.
Sweet yields can bring sour consequences. That’s a lesson I learned once again, after recommending high yielding CenturyLink Inc (NYSE: CTL) in last month’s Feature article. The company was on the Endangered Dividends List for shrinking revenue. Nonetheless, hefty free cash flow and attractive broadband assets convinced me the dividend could be maintained.
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Roger's current take and vital statistics on more than 200 essential-services stocks.