Last July, Dominion Energy (NYSE: D) announced a dramatic and somewhat painful move for shareholders: Selling oil and gas midstream assets to a unit of Berkshire Hathaway (NYSE: BRK/B) for $9.7 billion including assumed debt, and cutting dividends -33 percent to reflect the resulting reduced cash flow.
Verizon Communications (NYSE: VZ) was first to prove the potential of 4G wireless. So when rival T-Mobile US (NSDQ: TMUS)—Deutsche Telekom’s (Germany: DTE, OTC: DTEGY) US unit—appeared to take the lead rolling out 5G, many have assumed the company has passed the torch of industry leadership.
Conservative Holding Sempra Energy (NYSE: SRE) this week raised the mid-point of its 2021 earnings guidance range to $8.05 per share, a significant leap from the previous $7.80. That’s just one of the highlights from its June 29 Strategic Update and Financial Outlook.
I first became acquainted with Algonquin Power & Utilities (NYSE: AQN) back in the early ‘00s. Then it was a small power plant developer growing rapidly by taking advantage of the Canadian income trust investment boom.
For nearly eight years as a Conservative Holding, Brookfield Renewable Partners (TSX: BEP-U, NYSE: BEP) has reliably built cash flow from a growing global portfolio of contracted hydro, wind and solar assets. Dividends have increased nearly 60 percent since my initial recommendation and face few hurdles to 5 to 8 percent annual growth.
From range limits to battery costs, electric vehicles have a long way to go before they rule America’s roads. And even the leading name in EV manufacturing Tesla Inc (NSDQ: TSLA) still relies on tax credits and outside capital to fund operations.
In the past year, BCE Inc (TSX: BCE, NYSE: BCE) took hits from pandemic fallout and government pressure to cut broadband and wireless rates. And though less exposed than archrival Telus Inc (TSX: T, NYSE: TU), the company was forced to overhaul 5G strategy when equipment maker Huawei became persona non grata.
Locked in 6 to 8 percent annual earnings growth secured by steady rate base expansion; Strong regulatory relations in 8 southern states, particularly Texas; A dividend that’s nearly doubled over the past decade and is still covered better than 2-to-1 by profits; A secure A-rated balance sheet and operating metrics routinely at the top for natural gas distributors.
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