Brookfield Renewable Partners L.P. (NYSE:BEP) is included among the 13 Best Canadian Dividend Stocks to Buy and Hold for the Long Term. Mizuho Raises Brookfield Renewable (BEP) Price Target to $33, Maintains Neutral Rating On November 7, Mizuho rais‍ed it‍s​ pr‌ice​ tar⁠g‌et‍ for Brookfield Renewable Partners L.P. (NYSE:BEP) to $33 from $27 while ma⁠int​aining a Neutral rating on the s⁠tock, as reported by The Fly. Brookfield Renewable Partners L.P. (NYSE:BEP) is a‌lready one of the larg⁠est renewabl​e‍ ...

Core Viewpoint - The energy sector is crucial to the global economy and can be volatile, making careful stock selection essential for investors, especially those focused on dividends [1]. Group 1: Chevron - Chevron is an integrated energy company with exposure across the entire energy value chain, which helps mitigate the volatility associated with commodity prices [3]. - The company boasts a strong balance sheet with a debt-to-equity ratio of 0.22x, allowing it to manage downturns effectively and maintain its dividend, which has been increased annually for 38 consecutive years [4]. - Chevron's current dividend yield is 4.4%, making it a more attractive option compared to ExxonMobil's 3.5% yield [6]. Group 2: Enterprise Products Partners - Enterprise Products Partners operates as a master limited partnership (MLP) and focuses on midstream energy infrastructure, charging fees for the use of its assets, which reduces exposure to commodity price fluctuations [7]. - The company has increased its distribution for 27 consecutive years, with a distribution yield of approximately 7% [8]. - While the MLP structure may lead to slower growth, it is appealing for conservative dividend investors [10]. Group 3: TotalEnergies - TotalEnergies is transitioning from traditional oil and gas profits to renewable energy, with its renewable division growing 17% in 2024 and 3% in the first nine months of 2025 [11]. - The company maintains its dividend during this transition, offering a yield of 6.1% [13]. - Unlike peers BP and Shell, which cut dividends to fund clean energy initiatives, TotalEnergies has committed to its clean energy strategy without sacrificing dividends [13]. Group 4: Investment Considerations - Chevron, Enterprise Products Partners, and TotalEnergies are all viable options for investors seeking energy sector exposure with dividend income, each catering to different investment strategies [14].

Financial Data and Key Metrics Changes - Enbridge reported a record third quarter adjusted EBITDA, driven by contributions from U.S. gas utilities and organic growth in gas transmission [6][24] - The debt to EBITDA ratio for the quarter was 4.8 times, remaining within the target leverage range of 4.5 to 5 times [6][27] - Compared to Q3 2024, adjusted EBITDA increased by $66 million, while EPS decreased from $0.55 to $0.46 per share due to seasonal lower EBITDA in Q3 [24][25] Business Line Data and Key Metrics Changes - Liquids segment achieved record mainline volumes of 3.1 million barrels per day, reflecting strong demand for Canadian crude [10][11] - Gas transmission experienced strong performance with favorable contracting outcomes and contributions from new projects [24] - Gas distribution segment benefited from a full quarter contribution from Enbridge Gas North Carolina and quick-turn capital projects in Ohio [24] Market Data and Key Metrics Changes - The U.S. Northeast is experiencing increased demand for natural gas, with expansions in the Algonquin pipeline to address supply shortages [15][17] - The North American storage market is tightening, with Enbridge positioned to add over 60 BCF of new natural gas storage capacity [17][18] Company Strategy and Development Direction - Enbridge's strategy focuses on executing a diverse range of growth projects across all business segments, with a commitment to maintaining a low-risk business model [10][28] - The company anticipates achieving 5% growth through the end of the decade, supported by $35 billion in secured capital [28][29] - Enbridge is advancing projects that align with energy demand growth driven by LNG development, power generation, and data centers [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business model's resilience and the ability to deliver strong results through various economic cycles [25][28] - The company noted improving policy support for energy infrastructure investments, which is expected to enhance growth opportunities [28][55] Other Important Information - Enbridge has sanctioned $3 billion in new growth capital projects during the quarter, showcasing continued execution on growth commitments [7][27] - The company has maintained a consistent dividend growth for 30 consecutive years, reflecting the stability of its business fundamentals [27] Q&A Session Summary Question: Acceleration in gas distribution and storage - Management noted an acceleration in commercial activity driven by demand from data centers and power generation, particularly in Ohio and Utah [30][31] Question: Line 5 construction and permitting - Management indicated that permitting for the Wisconsin Reboot and Michigan tunnel is regaining momentum, with expectations to complete the Wisconsin Reboot by 2027 [34] Question: Mainline optimization phase two - Management confirmed that the optimization is not an acceleration but a continuation of efforts to meet customer demand, with significant supply growth expected from Canadian producers [37][39] Question: Growth outlook and capital sequencing - Management expressed confidence in maintaining capital spending between $9 billion and $10 billion, with a strong project pipeline supporting growth [42][44] Question: LNG Canada and gas storage opportunities - Management highlighted strong customer interest in gas storage expansions, with significant contracts already signed for new capacity [49] Question: Managing cost risk in hot markets - Management emphasized prudent capital management and strong contractor relationships to mitigate cost risks in competitive areas [51][52]

These renewable energy stocks could produce high-powered total returns in the coming years.The transition to lower-carbon energy sources, such as renewables, is inevitable. The world can't burn fossil fuels forever. They're a finite resource that do damage to the environment.Given this backdrop, investing in renewable energy stocks is a logical choice. Brookfield Renewable (BEPC -2.25%) (BEP -0.68%) and Clearway Energy (CWEN.A -1.22%) (CWEN -1.71%) are leaders in this space. They also pay attractive and gro ...

Core Insights - Apollo-managed funds have agreed to acquire Eagle Creek Renewable Energy, a significant player in the U.S. hydroelectric sector, although financial terms were not disclosed [1] - Eagle Creek operates 85 hydroelectric facilities across 18 states, with a total capacity of nearly 700 MW, enough to power over 260,000 homes, highlighting its role in meeting the growing energy demand [2] - Apollo sees substantial growth opportunities in supporting Eagle Creek's expansion and enhancing its operations to provide reliable, clean power [3] Company Overview - Eagle Creek is recognized for its strong safety and performance track record in the hydroelectric industry, positioning it as one of the largest independent hydro platforms in the U.S. [2][3] - Apollo has committed approximately $59 billion to energy transition-related investments since 2022, indicating a strong focus on sustainable energy solutions [3] Transaction Details - The acquisition is subject to customary closing conditions and regulatory approvals, with an expected completion in the first quarter of 2026 [4] - BMO Capital Markets acted as the financial advisor, while Vinson & Elkins served as legal counsel for Apollo Funds [4] Apollo's Investment Strategy - Apollo aims to deploy over $100 billion in energy transition investments by 2030, utilizing its proprietary Transition Investment Framework [4] - As of June 30, 2025, Apollo manages approximately $840 billion in assets, reflecting its significant presence in the alternative asset management space [5]

Group 1: Brookfield Renewable - Brookfield Renewable is a leading global provider of renewable power and decarbonization solutions, generating stable and growing cash flow from hydroelectric, wind, and solar energy assets [3][4] - The company sells approximately 90% of its power under long-term power purchase agreements (PPAs) with an average remaining term of 14 years, with 70% of its revenue indexed to inflation, resulting in predictable cash flow to support a current dividend yield of 4.4% [4][5] - Brookfield expects inflation-driven rate increases to grow its funds from operations (FFO) per share by 2%-3% annually, with additional margin enhancement activities potentially adding another 2%-4% [5][6] - The company has a significant backlog of renewable energy projects, anticipating an additional 4%-6% growth in FFO per share from new developments [6] - Brookfield aims for over 10% annual growth in FFO per share in the future, supporting plans to increase dividends by 5%-9% each year, having grown its payout at a 6% compound annual rate since 2001 [7][8] Group 2: Invitation Homes - Invitation Homes is a real estate investment trust (REIT) focused on owning and managing single-family rental properties, with over 110,000 homes across 16 major housing markets [9][10] - The company benefits from strong demand, resulting in high occupancy rates and a 6.1% annual growth rate in same-store net operating income since its IPO in 2017, supporting a current dividend yield of 3.8% [10][11] - Invitation Homes actively acquires additional rental properties to enhance FFO per share growth, currently having over 1,800 homes under contract from leading homebuilders [11] Group 3: Realty Income - Realty Income is a REIT that invests in a diverse portfolio of commercial real estate secured by long-term net leases, providing stable rental income and a current dividend yield of 5.6% [12][13] - The REIT aims to distribute about 75% of its adjusted FFO as dividends while retaining the rest for new investments, supported by a strong balance sheet [13] - Realty Income has a history of increasing its dividend, having raised payments 131 times since its public listing in 1994, including for the past 111 consecutive quarters [13] Group 4: Investment Strategy - Brookfield Renewable, Invitation Homes, and Realty Income align with a dividend investment strategy, offering strong financial profiles and consistent dividend growth for enduring income [14]

Core Insights - The energy sector is undergoing significant changes, with a clear growth advantage for low- or no-carbon energy sources, positioning companies like NextEra Energy, TotalEnergies, and Enbridge favorably for future investments [2][9] Group 1: NextEra Energy - NextEra Energy operates a regulated utility in Florida, benefiting from in-migration and becoming one of the largest regulated utilities in the U.S. [3] - The company has developed one of the largest wind and solar operations globally, contributing to an average dividend growth of around 10% per year over the past decade, with a current yield of 3.2% [4] - A $1,000 investment in NextEra Energy would yield approximately 14 shares [4] Group 2: TotalEnergies - TotalEnergies is transitioning from oil to cleaner energy sources, focusing on natural gas and expanding its electricity and renewable power business [5][6] - The integrated power business grew by 17% in 2024, contributing about 10% to operating segment income, with a dividend yield of 6.4% [6] - A $1,000 investment in TotalEnergies would result in around 16 shares [6] Group 3: Enbridge - Enbridge operates as a North American pipeline giant, focusing on moving oil and natural gas rather than producing it, providing stable cash flows [7] - The company is shifting towards natural gas and has acquired three regulated natural gas utilities, while also investing in clean energy projects like offshore wind in Europe [8] - Enbridge boasts a dividend yield of 5.8%, with increases over the past 30 years, and a $1,000 investment would yield approximately 21 shares [7][8]

Group 1: Energy Sector Transition - The energy sector is undergoing significant changes, with electricity expected to rise from 21% to 32% of final energy use in the U.S. between 2020 and 2050, reflecting a global trend [1] - Companies like TotalEnergies and Enbridge are preparing for these changes by investing in renewable energy while maintaining their core operations in oil and natural gas [6][7] Group 2: Company Profiles - TotalEnergies operates as an integrated energy company with upstream, midstream, and downstream segments, which helps mitigate the volatility of the commodity-driven business [3] - Enbridge focuses on the midstream sector, generating reliable cash flows through energy transportation assets, making it a suitable option for investors seeking energy exposure without commodity risk [5] Group 3: Investment Strategies - Both TotalEnergies and Enbridge are using profits from traditional energy sources to fund investments in cleaner energy, such as solar and wind [6][7] - Investors can purchase shares of TotalEnergies and Enbridge, with potential yields of 6.5% and 5.9% respectively, compared to the average energy stock yield of 3.4% [9] Group 4: Dividend Reliability - TotalEnergies has a strong history of supporting dividends, maintaining its payout during the pandemic, while Enbridge boasts 30 consecutive annual dividend increases [9] - Both companies are foreign entities, which may involve foreign taxes for U.S. investors, but they offer substantial dividends and exposure to the evolving energy landscape [10]

Financial Performance - Second Quarter 2025 Adjusted EBITDA was $16.5 million, a 22% decrease compared to $21.1 million in 2Q24, driven by lower RIN prices, loss of ISCC carbon credits, and non-recurring G&A expense[14, 16, 18] - RNG production for 2Q25 reached 1.2 million MMBtu, a 33% increase compared to 2Q24[14, 16] - Fuel Station Services segment experienced EBITDA growth of 30% compared to 2Q24[16] Liquidity and Capital Allocation - As of June 30, 2025, the company had approximately $203 million in liquidity, including $138 million of unused capacity under the $450 million credit facility, $36 million of unused capacity under the associated revolver, and $29 million in cash, cash equivalents, and short-term investments[21] - Net debt as of June 30, 2025, was approximately $302 million[21] - The company anticipates putting into construction approximately 2.0 million annual MMBtu of RNG annual design capacity in 2025[58] Guidance and Projections - The company maintains full-year 2025 Adjusted EBITDA guidance, projecting between $90 million and $110 million, assuming a $2.60/gallon D3 RIN price[16, 58] - The Adjusted EBITDA projection is based on an RNG production range of 5.0 to 5.4 million MMBtu[58] - Adjusted EBITDA from the Fuel Station Services segment is projected to grow by 30% - 50% compared to 2024[58] Operational Highlights - The company operates 11 RNG facilities with a total RNG annual design capacity of 8.8 million MMBtu[40] - Total volumes sold, dispensed, and serviced in the Fueling Station Services segment reached 145.0 million GGE in 2024 and are projected to reach 202.1 million GGE in 2025[35]

Core Viewpoint - Energy demand is increasing rapidly, creating favorable conditions for companies involved in hydrocarbon production and the transition to cleaner energy sources, which are expected to yield strong returns for investors [1]. Group 1: TotalEnergies - TotalEnergies is well-positioned for the clean energy transition, utilizing an integrated energy model that spans upstream, midstream, and downstream operations, providing investors with diversified exposure while mitigating the impact of volatile commodity prices [4]. - The company has increased its focus on renewable power and electric generation assets, unlike peers BP and Shell, which have scaled back their ambitions. TotalEnergies has maintained its dividend, even increasing it, recognizing its importance to investors [5][6]. - TotalEnergies offers a dividend yield of 6.4%, making it an attractive long-term investment option in the energy sector [6]. Group 2: NextEra Energy - NextEra Energy is experiencing rapid growth, with adjusted earnings per share rising by 9.4% in the second quarter, driven by its Florida electric utility and energy resources segment, which benefits from strong demand for renewable energy [7]. - The company projects adjusted earnings per share to grow by 6% to 8% annually through 2027, alongside an expected annual dividend growth of about 10% [8]. - Analysts anticipate a surge in U.S. power demand due to factors like AI data centers and electrification, positioning NextEra Energy to benefit significantly from this trend as a leader in renewable energy [9][10]. Group 3: Brookfield Renewable - The global energy transition is expected to continue despite political shifts, with renewable electricity generation projected to grow by nearly 90% from 2023 to 2030 [11]. - Brookfield Renewable is a diversified renewable energy company, generating over 40% of its cash flows from markets outside North America, with operations in hydropower, wind, solar, and energy storage [12]. - The company recently signed a hydro power agreement with Google to deliver up to 3,000 megawatts of hydroelectric power, and it reported a 10% year-over-year increase in funds from operations in the second quarter [13]. - Brookfield Renewable anticipates long-term growth in annual funds from operations per unit by over 10%, targeting 5% to 9% annual dividend growth, with a current yield of 4% [14].