CA - Canadian Utilities: A Best-In-Class Dividend Stock For Income-Oriented Investors
2024-07-14 23:10:44 ET
Summary
- Canadian Utilities is a regulated utility company in Alberta with a focus on lower carbon energy sources and steady growth in core businesses.
- The company has a track record of consistent dividends and operational performance, with a strong balance sheet and solid investment grade profile.
- The company continues to pivot to a lower-carbon energy future across its businesses, and I expect this to translate into higher capital project backlog and incrementally bolster growth.
- I rate shares as a 'buy' given the attractive valuation relative to peers, lower leverage versus comps, and stable infrastructure franchise.
Please note all $ figures in , not , unless otherwise stated.