#4 - Transcanada (NYSE:TRP)
Transcanada (NYSE: TRP) - Transcanada is a great energy stock that finds itself on the clearance rack because of the problems besetting the oil industry. While consumers are enjoying lower prices at the pump, investors have a follow the herd mentality when it comes to crude stocks and right now that means a wave of selling. However, TRP’s stock which has followed other energy stocks in a downward direction is now ripe for a resurgence. The company – which owns the Keystone pipeline among other natural gas pipelines and other energy-related assets – has generated 19 years of 13% compounded annual returns. If that wasn’t enough, the company is projecting an 8% to 10% dividend hike for the next five years. And if investors need further convincing, they should remember that Transcanada is also a leader in the natural gas market which has surged 50% in advance of the heating season.
About TC Energy
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.
More- Current Price
- $47.12
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 2 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $56.00 (18.9% Upside)
