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The Year Is Half Over: 3 Dividend Stocks to Buy for the Second Half
The Motley Fool· 2024-07-08 10:07
However, while the first half was strong for the broader market, it wasn't quite so good for dividend stocks. The Dow Jones US Dividend 100 Index (which tracks the 100 top dividend stocks) only rose about 2%. Because of that, many high-quality dividend stocks look like relatively attractive investments right now. Reuben Gregg Brewer (Enbridge): The portfolio backing Enbridge's 7.5% dividend yield is changing in 2024. That's because the company is buying three regulated natural gas utilities from Dominion En ...
2 Dividend Growth Stocks With Yields up to 5.5% That Are Screaming Buys in July
The Motley Fool· 2024-07-08 08:10
Group 1: Brookfield Renewable - Brookfield Renewable offers two investment options: a partnership with a yield of 5.6% and a corporate share class with a yield of approximately 5% [3] - The company is overseen by Brookfield Asset Management, which has a strong history in global infrastructure investments [4] - Brookfield Renewable's energy production is diversified: 47% hydroelectric, 21% onshore wind, 16% solar, and 9% distributed power [4] - The company targets a funds-from-operations growth of about 10% annually, with distribution growth between 5% and 9% [5] - Over the past 20 years, Brookfield Renewable has averaged a distribution growth of approximately 6% per year [5] - Both investment options are expected to be rewarding over time as dividends continue to grow [6] Group 2: WEC Energy - WEC Energy serves approximately 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota, with a current dividend yield of around 4.4% [7] - The company has increased its dividend annually for 21 years, with an average increase of 7% over the past decade [7] - WEC Energy is initiating its largest five-year capital investment plan, estimated at $23.7 billion, focusing on transitioning from coal to cleaner energy sources [7] - The company anticipates electricity demand growth of 4.5% to 5% per year, driven in part by investments from major companies like Microsoft [8] - WEC Energy's earnings growth is expected to be between 6.5% and 7%, supporting continued high dividend growth [9] - The company ranks in the top decile for dividend growth within the utility sector [9] Group 3: Investment Opportunities - The S&P 500 index is near all-time highs, with yields below 1.3%, making higher-yielding stocks like Brookfield Renewable and WEC Energy attractive for income investors [2] - Both companies represent viable options for investors seeking high-yield dividend growth stocks in a challenging market [9]
Rag to Riches: 3 Renewable Energy Stocks That Could Make Early Investors Rich
Investor Place· 2024-06-19 16:45
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia. Let's look at some numbers. According to the U.S. Energy Information Administration (EIA), renewable energy deployment may expand by 17% to reach 42 giga ...
Has Brookfield Renewable (BEPC) Outpaced Other Oils-Energy Stocks This Year?
ZACKS· 2024-06-14 14:45
Core Viewpoint - Brookfield Renewable Corporation and Vista Oil & Gas, S.A.B. de C.V. are highlighted as strong performers in the Oils-Energy sector, with both companies showing promising year-to-date returns and positive earnings outlooks [3][4][5]. Company Performance - Brookfield Renewable Corporation has returned 6.3% year-to-date, outperforming the average gain of 2.5% in the Oils-Energy group [7]. - Vista Oil & Gas, S.A.B. de C.V. has seen a significant increase of 48.7% year-to-date, indicating strong market performance [2]. Earnings Estimates - The consensus EPS estimate for Brookfield Renewable Corporation has increased by 10.8% over the past 90 days, reflecting improved analyst sentiment and earnings outlook [9]. - For Vista Oil & Gas, the consensus EPS estimate for the current year has risen by 6.9% over the past three months, also indicating a positive trend [5]. Industry Context - Brookfield Renewable Corporation is part of the Alternative Energy - Other industry, which has gained an average of 34.9% year-to-date, suggesting that while BEPC is performing well, it is slightly underperforming its industry [10]. - Vista Oil & Gas operates within the Oil and Gas - Integrated - International industry, which has moved up by 3.9% year-to-date, placing it in a relatively weaker position compared to its own performance [8].
Bear Market Beaters: 3 Stocks to Own When the Market Crumbles
Investor Place· 2024-06-03 10:15
Core Viewpoint - The article emphasizes the importance of having a diverse and defensive portfolio to withstand market downturns, particularly during bear markets. It highlights three companies that are considered strong candidates for investment during such times due to their stable cash flows and dividend yields. Group 1: Defensive Stocks Overview - Defensive stocks operate in essential industries, allowing them to maintain performance regardless of economic conditions. They typically offer predictable cash flow and potential dividend income [2]. - The selection criteria for the stocks included a minimum return on equity (ROE) of 10% and sorting based on dividend yield [2]. Group 2: Suburban Propane Partners (SPH) - Suburban Propane Partners is a major supplier of propane and energy products, with a recent quarterly dividend of $0.325 per share, resulting in an annual yield of approximately 6.8% [4][5]. - The company reported a year-over-year net income increase from $104.5 million to $111.5 million, demonstrating resilience despite warm weather affecting heating product demand. Its ROE stands at 17.56% [5]. Group 3: Brookfield Infrastructure Corporation (BIPC) - Brookfield Infrastructure Corporation operates a global logistics network and has a market cap exceeding $1 billion. It recently increased its dividend by 6% to $0.405 per unit, yielding 4.55% [7][10]. - The company reported a significant net income surge to $170 million in Q1 2024, a 640% increase from $23 million in Q1 2023, driven by organic growth and strategic investments. Its ROE reached an impressive 88% [10][11]. Group 4: Brookfield Renewable Corp (BEPC) - Brookfield Renewable Corp focuses on renewable energy, holding a development pipeline of around 134,400 megawatts and installed capacity of 33,000 megawatts. It pays a forward dividend of $1.42, reflecting a yield of 4.39% [13]. - The company reported an 8% increase in funds from operations in Q1 2024, moving closer to its target of 10% FFO growth for the year. It has a strong partnership with Microsoft to deliver renewable energy capacity, which is crucial for meeting growing demand [14][17].
Brookfield Renewable Corporation (BEPC)'s Technical Outlook is Bright After Key Golden Cross
zacks.com· 2024-05-29 14:56
Brookfield Renewable Corporation (BEPC) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, BEPC's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross." There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term movin ...
Are Oils-Energy Stocks Lagging Brookfield Renewable (BEPC) This Year?
zacks.com· 2024-05-29 14:46
Group 1 - Brookfield Renewable Corporation (BEPC) is currently ranked 2 (Buy) in the Zacks Rank system, indicating strong analyst sentiment and an improving earnings outlook [3] - Year-to-date, BEPC has returned approximately 10.7%, outperforming the average gain of 8.2% for the Oils-Energy sector [4] - The Zacks Consensus Estimate for BEPC's full-year earnings has increased by 10.8% over the past 90 days, reflecting positive revisions in earnings estimates [3] Group 2 - BEPC belongs to the Alternative Energy - Other industry, which is ranked 144 in the Zacks Industry Rank, and has seen an average gain of 37.9% this year, indicating that BEPC is slightly underperforming its industry [6] - The Oils-Energy group, which includes BEPC, is currently ranked 14 within the Zacks Sector Rank, comprising 249 companies [2] - Another notable stock in the Oils-Energy sector is Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR (VIST), which has returned 55.7% year-to-date and also holds a Zacks Rank of 2 (Buy) [4][5]
Should Value Investors Buy Brookfield Renewable (BEPC) Stock?
zacks.com· 2024-05-28 14:40
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Zacks has developed the inn ...
Is Brookfield Renewable (BEPC) Stock Outpacing Its Oils-Energy Peers This Year?
Zacks Investment Research· 2024-05-13 14:46
Based on the latest available data, BEPC has gained about 9% so far this year. In comparison, Oils-Energy companies have returned an average of 8.1%. This means that Brookfield Renewable Corporation is outperforming the sector as a whole this year. Another Oils-Energy stock, which has outperformed the sector so far this year, is Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR (VIST) . The stock has returned 53.7% year-to-date. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks ...
Are Investors Undervaluing Brookfield Renewable (BEPC) Right Now?
Zacks Investment Research· 2024-05-10 14:47
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.Zacks has developed the innov ...