Compare Preferred Shares Of Pipeline Companies

Using these tables you can Compare Preferred Shares Of Pipeline Companies.  All companies compared here have a pipeline operation either in Canada or internationally. List includes all the big ones like (Pembina and   Enbridge) as well as smaller ones like  Altagas .  All types of preferred’s are included (perpetual, fixed, floating) in one table. We present the information in an easy, to view and understand format.  As a result you can pick the right share to purchase or sell.

Compare Preferred Shares Of Pipeline Companies Process

A listing of all pipelines regulated by the Canadian Government can be found at Canada Energy Regulator. Here is a map or all major Pipeline Systems and Frontier Activities Regulated by the National Energy Board.

  1. Some investors, looking for high yield over the next 5 years, will put more emphasis on the “Blended Yield” metric. As a result, the issue with the most dividend over the next 5 years is selected.
  2. More weight should be given to the “Credit Rating” metric, if you are looking for the highest credit worthy issues. That is to say, sacrificing some yield for security, is a good fit for the long term and “buy and hold” investors.
  3. Good value is indicated by the metric “Rate Increase Percent”.  This also highlights the stocks with the most room for capital gains, if rates start going up. A value investor may find this appealing.

For a quick overview of the Canadian pipeline companies, here is a short video by Rong Wu – Investing.

Conclusion

We expect each investor, to review the various metrics, and make a determination on the totality of their values. While at the same time expressing their personal investing style. In other words we present you with the information and you make a choice you are comfortable with.

 

Two tables are provided here. Review both, since the information provided contributes to the selection process.

If you need more information on how to use the metrics below, see our how to YouTube video  or our post how to pick the best preferred share of a company.

 

Table To Compare Preferred Shares Of Pipeline Companies

The following metrics are now only available on the premium version of this tool:


  1. Reset Date.
  2. Reset (Yield | Dividend). Represents the yield and dividend for the current issue after the upcoming reset. For this calculation it’s assumed the key rates are going to be the same as todays published rates. The reset yield is the sum of the key rate for the base term (5YR, 3Month, etc) plus the published spread. Since we do not know what the key rate will be at the time of the reset we assume its going to be the same as today. The ability to use a different set of rates during this caclulation is planned for a future release.
  3. Blended (Yield | Dividend).
  4. Rate Change Percent.
  5. Rate Change To Value.
  6. New Spread increase. It shows the effect or the current price on the issue spread of the preferred. It shows the percent increase/decrease of the new spread
  7. New Spread Value.
  8. Short Position.
  9. Additional Features.
  10. Years To Double Initial Investment. How many years will it take for the initial investment to double.
  11. Outstanding float.
  12. Market Cap In Bilions.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield.
Last Updated: Market Data Jul-31 09:31, Model Metrics Jul-31 09:35
Credit RatingSymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
Pfd3HENB-A ENB.PR.A CA29250N2041 $25.67$25.83$23.43PERPETUAL @ 5.50%05.36% $1.3752Enbridge_Perpetual_5.50%_Cumulative_Redeemable_Preference_Shares,_Series_A
Pfd3HW-M W.PR.M CA95751D1289 $25.25$26.12$24.415YR + 4.52% Min_5.20%05.15% $1.3000Westcoast_Energy_Inc._5.20%,_Series_12
Pfd3HENB-N ENB.PR.N CA29250N7743 $20.30$21.09$12.945YR + 2.65%06.26% $1.2712Enbridge_Series_N,_Cumulative_Redeemable_Preference_Shares
Pfd3HENB-P ENB.PR.P CA29250N7586 $18.64$19.46$12.825YR + 2.50%05.86% $1.0920Enbridge_Series_P,_Cumulative_Redeemable_Preference_Shares
Pfd3HENB-J ENB.PR.J CA29250N6422 $19.11$20.00$13.055YR + 2.57%05.82% $1.1122Enbridge_Inc._4.40%,_Series_7
Pfd3PPL.PF.C PPL.PF.C CA7063277494 $25.67$26.25$20.805YR + 3.65% Min_5.25%05.10% $1.3100PPL_Series_23_Shares
Pfd3PPL.PF.E PPL.PF.E CA7063277239 $25.82$26.20$20.115YR + 3.51% Min_5.2%05.11% $1.3200PPL_Series_25_Shares,_KML_Series_25_min_5.2
Pfd3HENB-T ENB.PR.T CA29250N7339 $18.45$19.29$12.495YR + 2.50%05.52% $1.0184Enbridge_Series_R,_Cumulative_Redeemable_Preference_Shares
Pfd3HENB-H ENB.PR.H CA29250N8402 $17.49$17.95$11.735YR + 2.12%06.24% $1.0920Enbridge__Series_H,_Cumulative_Redeemable_Preference_Shares
Pfd3HENB.PF.I ENB.PF.I CA29250N5358 $25.54$25.90$23.655YR + 4.14% Min_5.15%05.01% $1.2800Enbridge_Series_17,_Cumulative_Redeemable_Preference_Shares
Pfd3HENB.PF.A ENB.PF.A CA29250N6265 $19.42$20.10$13.005YR + 2.66%05.27% $1.0242Enbridge_Inc._4.40%,_Series_9
Pfd3HENB-Y ENB.PR.Y CA29250N6836 $17.65$18.54$11.755YR + 2.38%05.29% $0.9344Enbridge_Series_3,_Cumulative_Redeemable_Preference_Shares
Pfd3HENB.PF.C ENB.PF.C CA29250N5929 $19.05$19.97$12.885YR + 2.64%05.17% $0.9852Enbridge_Inc._4.40%,_Series_11
Pfd3HENB-F ENB.PR.F CA29250N8659 $19.16$19.59$12.815YR + 2.51%06.12% $1.1720Enbridge_Series_F,_Cumulative_Redeemable_Preference_Shares
Pfd3HENB-D ENB.PR.D CA29250N8816 $18.31$18.97$12.135YR + 2.37%06.09% $1.1148Enbridge_Series_D,_Cumulative_Redeemable_Preference_Shares
Pfd3PPL.PF.A PPL.PF.A CA7063277643 $25.50$25.93$18.965YR + 3.26% Min_4.9%04.80% $1.2250Class_A_Preferred_Shares,_Series_21
Pfd3PPL-A PPL.PR.A CA7063272024 $20.97$21.85$12.825YR + 2.47%05.85% $1.2265Pembina_Pipeline_Corp_4.25%_PREF_SER_1
Pfd3HENB.PF.K ENB.PF.K CA29250N5192 $25.60$26.05$21.655YR + 3.17% Min_4.9%04.79% $1.2250Enbridge_Inc._4.90%,_Series_19
Pfd3PPL-C PPL.PR.C CA7063274004 $20.80$21.35$12.135YR + 2.60%05.37% $1.1175Pembina_Pipeline_Corp_4.7%__PREF_SER_3
Pfd2LTRP-K TRP.PR.K CA87807B8188 $25.75$26.11$23.155YR + 3.85% Min_4.9%04.74% $1.2200TC_Energy-series_15
Pfd3PPL-S PPL.PR.S CA7063277809 $25.48$26.99$16.935YR + 4.27%04.60% $1.1710Pembina_Pipeline_Corp._5.00%,_Series_19
Pfd3HENB-B ENB.PR.B CA29250N7099 $17.34$18.64$11.005YR + 2.40%04.92% $0.8536Enbridge_Series_B_Cumulative_Redeemable_Preference_Shares
Pfd3PPL-G PPL.PR.G CA7063276082 $22.35$22.65$12.955YR + 2.94%04.90% $1.0950Pembina_Pipeline_Corp_4.5%__PREF_SER_7
Pfd3PPL-E PPL.PR.E CA7063271117 $22.87$23.26$13.215YR + 3.00%04.98% $1.1400Pembina_Pipeline_Corp_5.0%__PREF_SER_5
Pfd3PPL-Q PPL.PR.Q CA7063278146 $24.15$24.20$13.255YR + 3.01%04.99% $1.2053Pembina_Pipeline_Corp._4.821%,_Series_17
Pfd3HENB.PF.E ENB.PF.E CA29250N5762 $17.90$18.87$11.885YR + 2.66%04.25% $0.7608Enbridge_Inc._4.40%,_Series_13
Pfd3PPL-O PPL.PR.O CA7063278302 $22.12$22.58$12.395YR + 2.92%05.06% $1.1200Pembina_Pipeline_Corp._4.464%,_Series_15
Pfd3PPL-I PPL.PR.I CA7063278062 $25.34$26.40$15.655YR + 3.91%04.24% $1.0755Pembina_Pipeline_Corp_4.75%__PREF_SER_9
Pfd3HENB.PF.G ENB.PF.G CA29250N5507 $18.00$18.00$10.505YR + 2.68%04.14% $0.7458Enbridge_Inc._4.40%,_Series_15
Pfd2LTRP-A TRP.PR.A CA87807B2066 $18.84$19.54$11.555YR + 1.92%04.62% $0.8698TC_Energy_series_1
Pfd2LTRP-D TRP.PR.D CA87807B8006 $21.19$22.18$12.825YR + 2.38%04.60% $0.9756TC_Energy-series_7
Pfd2LTRP-E TRP.PR.E CA87807B8758 $21.09$22.03$12.705YR + 2.35%04.46% $0.9404TC_Energy-series_9
Pfd2LTRP-G TRP.PR.G CA87807B8592 $23.88$24.25$14.555YR + 2.96%03.51% $0.8378TC_Energy-series_11
Pfd2LTRP-C TRP.PR.C CA87807B6026 $15.25$15.77$8.485YR + 1.54%03.20% $0.4873TC_Energy_-_Series_5
Pfd2LTRP-B TRP.PR.B CA87807B4047 $13.50$14.41$8.005YR + 1.28%03.05% $0.4123TC_Energy_-_Series_3
 
 

Here is a Limited Version of the Premium - Compare Tool.

A limited number of rows is included with the full metrics. This is a sample only. See link at footer for information on subscription to the premium version


Last Updated: Market Data Jul-31 09:31, Model Metrics Jul-31 09:35
Credit RatingSymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)
Reset (Yield Dividend)yield and dividend for the current issue after the upcoming reset
Blended (Yield Dividend)follow link passed the end of the table to see definition
Yield To CallReset Date Y/M/DRate Change percentRate Change to valueNew Spread IncreaseNew Spread valueShort PositionAdditional FeaturesYears To Double Initial InvestmentP/E RatioMarket Cap In BillionsP/B RatioCommon Stock YieldProjected Common Stock YieldOutstanding FloatName
Pfd3HENB-A ENB.PR.A CA29250N2041 $25.67$25.83$23.43PERPETUAL @ 5.50%05.36% $1.3752N/A05.36% $1.3752N/Aperpetual-2%5.36%N/AN/A83,819 Cumulative13.2715.7579.9 B1.716.79%0.00%5,000,000Enbridge_Perpetual_5.50%_Cumulative_Redeemable_Preference_Shares,_Series_A


 
 

Reset Scenarios Based on Various G.O.C. 5 Year Bond Yield Rates

The following table presents 6 scenarios, of the issues resetting based on different 5 Year Bond rates. Each scenario consists of 3 columns and grouped by color. The rates assumed for the reset are as follows:
  • Scenario 1: 5YR GOC Rate is set at 0.025%
  • Scenario 2: 5YR GOC Rate is set at 0.75%
  • Scenario 3: 5YR GOC Rate is set at 1.25%
  • Scenario 4: 5YR GOC Rate is set at 1.75%
  • Scenario 5: 5YR GOC Rate is set at 2.25%
  • Scenario 6: 5YR GOC Rate is set at 2.75%

Note: Only the first 3 "What if scenarios" of the total 6 are available on the Free Site. All 6 scenarios can be viewed in the premium site


For more information please review our video and/or post. Links available at the bottom of the page


Rank Preferreds - Compare Reset Scenarios

Last Updated: Market Data Jul-31 09:31, Model Metrics Jul-31 09:35
Credit RatingSymbolReset Date Y/M/DCurrent (Yield Dividend)
5Yr @ 0.025%. Reset (Yield Dividend)Scenario: 1 yield and dividend based on GOC 5yr Rate of 5Yr @ 0.025%.
5Yr @ 0.025%. Blended (Yield Dividend)5Yr @ 0.025%. Rate Change (percent | to value )
5Yr @ 0.75%. Reset (Yield Dividend)Scenario: 2 yield and dividend based on GOC 5yr Rate of 5Yr @ 0.75%.
5Yr @ 0.75%. Blended (Yield Dividend)5Yr @ 0.75%. Rate Change (percent | to value )
5Yr @ 1.25%. Reset (Yield Dividend)Scenario: 3 yield and dividend based on GOC 5yr Rate of 5Yr @ 1.25%.
5Yr @ 1.25%. Blended (Yield Dividend)5Yr @ 1.25%. Rate Change (percent | to value )
Pfd3HW-M W.PR.M CA95751D1289 2021OCT1505.15% $1.30005.15% $1.3 05.14% $1.3 -0% 5.15%5.22% $1.3205.22% $1.32-0% 5.22%5.71% $1.4405.70% $1.44-1% 5.71%
Pfd3HENB-N ENB.PR.N CA29250N7743 2023DEC0106.26% $1.27123.29% $0.6604.63% $0.93022% 3.29%4.19% $0.8505.12% $1.03023% 4.19%4.80% $0.9705.45% $1.10023% 4.80%
Pfd3HENB-P ENB.PR.P CA29250N7586 2024MAR0105.86% $1.09203.39% $0.6304.62% $0.86034% 3.39%4.36% $0.8105.10% $0.95034% 4.36%5.03% $0.9305.44% $1.01034% 5.03%
Pfd3HENB-J ENB.PR.J CA29250N6422 2024MAR0105.82% $1.11223.39% $0.6404.60% $0.88030% 3.39%4.34% $0.8305.08% $0.97030% 4.34%5.00% $0.9505.40% $1.03030% 5.00%
Pfd3PPL.PF.C PPL.PF.C CA7063277494 2022NOV1505.10% $1.31005.11% $1.3105.10% $1.31-2% 5.11%5.11% $1.3105.10% $1.31-2% 5.11%5.11% $1.3105.10% $1.31-2% 5.11%
Pfd3PPL.PF.E PPL.PF.E CA7063277239 2023FEB1505.11% $1.32005.03% $1.3 05.05% $1.30-3% 5.03%5.03% $1.3 05.05% $1.30-3% 5.03%5.03% $1.3 05.05% $1.30-3% 5.03%
Pfd3HENB-T ENB.PR.T CA29250N7339 2024JUN0105.52% $1.01843.42% $0.6304.57% $0.84035% 3.42%4.40% $0.8105.01% $0.92035% 4.40%5.08% $0.9305.32% $0.98035% 5.08%
Pfd3HENB-H ENB.PR.H CA29250N8402 2023SEP0106.24% $1.09203.07% $0.5304.33% $0.75042% 3.07%4.10% $0.7104.96% $0.86042% 4.10%4.82% $0.8405.38% $0.94043% 4.82%
Pfd3HENB.PF.I ENB.PF.I CA29250N5358 2022MAR0105.01% $1.28005.04% $1.2905.04% $1.28-2% 5.04%5.04% $1.2905.04% $1.28-2% 5.04%5.28% $1.3505.25% $1.34-2% 5.28%
Pfd3HENB.PF.A ENB.PF.A CA29250N6265 2024DEC0105.27% $1.02423.46% $0.6704.63% $0.90028% 3.46%4.39% $0.8504.96% $0.96028% 4.39%5.03% $0.9705.19% $1.00028% 5.03%
Pfd3HENB-Y ENB.PR.Y CA29250N6836 2024SEP0105.29% $0.93443.41% $0.6004.53% $0.80041% 3.41%4.43% $0.7804.95% $0.87041% 4.43%5.14% $0.9005.23% $0.92041% 5.14%
Pfd3HENB.PF.C ENB.PF.C CA29250N5929 2025MAR0105.17% $0.98523.50% $0.6604.66% $0.88031% 3.50%4.45% $0.8404.95% $0.94031% 4.45%5.10% $0.9705.15% $0.98031% 5.10%
Pfd3HENB-F ENB.PR.F CA29250N8659 2023JUN0106.12% $1.17203.31% $0.6304.29% $0.82030% 3.31%4.25% $0.8104.90% $0.93030% 4.25%4.91% $0.9405.32% $1.02030% 4.91%
Pfd3HENB-D ENB.PR.D CA29250N8816 2023MAR0106.09% $1.11483.27% $0.5904.11% $0.75036% 3.27%4.26% $0.7804.80% $0.88036% 4.26%4.94% $0.9005.28% $0.96036% 4.94%
Pfd3PPL.PF.A PPL.PF.A CA7063277643 2023MAR0104.80% $1.22504.80% $1.2304.81% $1.22-2% 4.80%4.80% $1.2304.81% $1.22-2% 4.80%4.80% $1.2304.81% $1.22-2% 4.80%
Pfd3PPL-A PPL.PR.A CA7063272024 2023DEC0105.85% $1.22652.97% $0.6204.26% $0.89018% 2.97%3.84% $0.8004.74% $0.99019% 3.84%4.43% $0.9305.07% $1.06019% 4.43%
Pfd3HENB.PF.K ENB.PF.K CA29250N5192 2023MAR0104.79% $1.22504.79% $1.2304.79% $1.22-2% 4.79%4.79% $1.2304.79% $1.22-2% 4.79%4.79% $1.2304.79% $1.22-2% 4.79%
Pfd3PPL-C PPL.PR.C CA7063274004 2024MAR0105.37% $1.11753.16% $0.6504.26% $0.88020% 3.16%4.03% $0.8304.70% $0.97020% 4.03%4.63% $0.9605.00% $1.04020% 4.63%
Pfd2LTRP-K TRP.PR.K CA87807B8188 2022MAY3104.74% $1.22004.76% $1.2304.77% $1.22-2% 4.76%4.76% $1.2304.77% $1.22-2% 4.76%4.95% $1.2804.93% $1.27-2% 4.95%
Pfd3PPL-S PPL.PR.S CA7063277809 2025JUN3004.60% $1.17104.21% $1.0704.49% $1.14-2% 4.21%4.93% $1.2604.68% $1.19-1% 4.93%5.42% $1.3804.80% $1.22-1% 5.42%
Pfd3HENB-B ENB.PR.B CA29250N7099 2022JUN0104.92% $0.85363.50% $0.6003.70% $0.64044% 3.50%4.54% $0.7804.60% $0.79044% 4.54%5.26% $0.9105.21% $0.90044% 5.26%
Pfd3PPL-G PPL.PR.G CA7063276082 2024DEC0104.90% $1.09503.32% $0.7404.34% $0.97011% 3.32%4.13% $0.9204.62% $1.03011% 4.13%4.69% $1.0504.82% $1.07011% 4.69%
Pfd3PPL-E PPL.PR.E CA7063271117 2024JUN0104.98% $1.14003.31% $0.7504.22% $0.96009% 3.31%4.10% $0.9304.58% $1.04009% 4.10%4.65% $1.0604.82% $1.10009% 4.65%
Pfd3PPL-Q PPL.PR.Q CA7063278146 2024MAR3104.99% $1.20533.14% $0.7504.06% $0.98003% 3.14%3.89% $0.9404.44% $1.07003% 3.89%4.41% $1.0704.71% $1.13003% 4.41%
Pfd3HENB.PF.E ENB.PF.E CA29250N5762 2025JUN0104.25% $0.76083.75% $0.6704.12% $0.73039% 3.75%4.76% $0.8504.37% $0.78039% 4.76%5.46% $0.9704.55% $0.81039% 5.46%
Pfd3PPL-O PPL.PR.O CA7063278302 2022SEP3005.06% $1.12003.33% $0.7303.67% $0.81012% 3.33%4.15% $0.9104.33% $0.95013% 4.15%4.71% $1.0404.77% $1.05012% 4.71%
Pfd3PPL-I PPL.PR.I CA7063278062 2025DEC0104.24% $1.07553.88% $0.9804.19% $1.06-1% 3.88%4.60% $1.1704.30% $1.08-1% 4.60%5.09% $1.2904.37% $1.10-1% 5.09%
Pfd3HENB.PF.G ENB.PF.G CA29250N5507 2025SEP0104.14% $0.74583.76% $0.6704.06% $0.73038% 3.76%4.76% $0.8504.26% $0.76038% 4.76%5.46% $0.9804.40% $0.79038% 5.46%
Pfd2LTRP-A TRP.PR.A CA87807B2066 2024DEC3104.62% $0.86982.58% $0.4803.90% $0.73032% 2.58%3.54% $0.6604.24% $0.79032% 3.54%4.21% $0.7904.47% $0.84032% 4.21%
Pfd2LTRP-D TRP.PR.D CA87807B8006 2024APR3004.60% $0.97562.84% $0.6003.80% $0.80017% 2.84%3.69% $0.7804.19% $0.88017% 3.69%4.28% $0.9004.46% $0.94017% 4.28%
Pfd2LTRP-E TRP.PR.E CA87807B8758 2024OCT3004.46% $0.94042.82% $0.5903.80% $0.80018% 2.82%3.67% $0.7704.14% $0.87018% 3.67%4.27% $0.9 04.38% $0.92018% 4.27%
Pfd2LTRP-G TRP.PR.G CA87807B8592 2025NOV3003.51% $0.83783.13% $0.7403.45% $0.82004% 3.13%3.88% $0.9203.56% $0.85004% 3.88%4.41% $1.0503.64% $0.86004% 4.41%
Pfd2LTRP-C TRP.PR.C CA87807B6026 2026JAN3003.20% $0.48732.57% $0.3903.10% $0.47063% 2.57%3.75% $0.5703.27% $0.50063% 3.75%4.57% $0.6903.40% $0.51063% 4.57%
Pfd2LTRP-B TRP.PR.B CA87807B4047 2025JUN3003.05% $0.41232.42% $0.3202.89% $0.39084% 2.42%3.76% $0.5003.23% $0.43085% 3.76%4.69% $0.6303.46% $0.46085% 4.69%