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Conservative Income Feature

NextEra Energy Partners: High Income, Even Faster Growth

By Roger S. Conrad on Apr. 10, 2023

In late January, NextEra Energy Partners (NYSE: NEP) management extended guidance for 12 to 15 percent dividend growth through calendar year 2026. That’s off a current yield of nearly 5.3 percent, implying an end of period payout on the current price of between 8.3 and 9.2 percent.

NextEra Energy: Renewable Energy’s Best in Class and Cheap Again

By Roger S. Conrad on Mar. 10, 2023

NextEra Energy (NYSE: NEE) was the first major mover in American renewable energy—forging relationships across the country with prospective customers, local governments and suppliers years ahead of the competition en route to building its current 65 gigawatt capacity operating portfolio. And the company is set to continue that dominance, coming off a record year of 8 GW of new contracts and 5 GW start ups despite supply chain challenges. The Florida Power & Light utility is developing what management calls a 160 GW solar, storage and hydrogen opportunity over the next 20 years. And unregulated NextEra Energy Resources has $71 billion total assets, 30 GW of generation and a backlog of signed contracts for 19 GW more.

TC Energy: Quality Infrastructure on the Cheap

By Roger S. Conrad on Feb. 9, 2023

Major infrastructure projects are vulnerable to big cost increases in inflationary times. So while disappointing, TC Energy’s (TSX: TRP, NYSE: TRP) announcement this month of a 30 percent increase in construction costs for its Coastal GasLink natural gas pipeline is hardly surprising.

Dominion Energy: Long-Term Quality at a Discount

By Roger S. Conrad on Jan. 10, 2023

Investors hate uncertainty. So it’s understandable that Dominion Energy (NYSE: D) shares sold off in early November, when the company replaced its CFO and announced a “top to bottom” strategic review. CEO Bob Blue stated the company would pursue “value-maximizing” actions, including “alternatives to our current business mix and capital allocation.” Dominion shares, however, now arguably price in the opposite: A cut in 6 percent annual earnings and dividend growth guidance to low single digits or worse.

Southern Company: Safe and Faster Dividend Growth Ahead

By Roger S. Conrad on Dec. 12, 2022

Being the first mover in a new technology means taking risks later adopters don’t. And Conservative Holding Southern Company (NYSE: SO) felt the pain of a $6 billion write off when its once-promising clean coal project in Mississippi failed in the previous decade.

WEC Energy: High Quality Stock at Good Entry Point

By Roger S. Conrad on Nov. 14, 2022

Utilities’ investment plans require regulatory consistency to be successful. And for Conservative Holding WEC Energy Group (NYSE: WEC), November election results were pretty close to optimal for its $20.1 billion, 5-year CAPEX plan, increased this month from $17.7 billion.

Brookfield Renewable: Growing in a Hot Market When Others Can’t

By Roger S. Conrad on Oct. 10, 2022

Bloomberg New Energy Finance reports wind and solar power combined produced 10.5 percent of global electricity in 2021. They also accounted for a record 75 percent generating capacity entering service. And output will grow another 8 percent this year to nearly 320 GW, according to the International Energy Agency.

Algonquin Power: High, Safe Yield with Locked-In Growth

By Roger S. Conrad on Sep. 8, 2022
Stocks of acquisition-minded companies typically trade at what I call a “show me” discount: Whatever promises management makes about earnings and dividend growth, operating numbers will have to show it before the share price will rise.

BCE Inc: False Assumptions Create Buying Opportunity

By Roger S. Conrad on Aug. 8, 2022

Weaker Q2 results from US communications giants apparently led some investors to assume the same for BCE Inc (TSX: BCE, NYSE: BCE). That didn’t happen, as the company posted solid numbers and affirmed 2022 guidance for growth in revenue, EBITDA, earnings per share and free cash flow.

CMS Energy: Proving that Being a Utility is Good Enough

By Roger S. Conrad on Jul. 11, 2022

It’s hard to believe that 20 years ago CMS Energy (NYSE: CMS) was a pariah in its home state of Michigan. The long-time CEO had exited in disgrace, after spectacularly failing to convert the electric and gas utility into a mini-Enron. And the company was floundering in debt and bad will from regulators and customers.



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 b