Compare Preferred Shares Of Power Generation Utilities

Using these tables you can compare all the preferred shares issued by power generation utilities.  All companies compared here have a power generation operation either in Canada or internationally. List includes all the big ones like (Emera and   TransAlta) as well as smaller ones like ( Atlantic Power and Northland Power).  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. Power generation from renewables like (Solar panels, Hydro Electric, wind power and biomass) is the ultimate goal for most power generating utilities.

 

Compare Preferred Shares Of Power Generation Utilities Process

Each investor has a unique selection process. Consequently the same metric is viewed differently. That is to say, the weight assigned to the metric differs for each investor, thus resulting in a dissimilar selection.

  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.

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 Power Generation Utilities

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 Change. 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.
(EST: UTC-05:00)Last Updated: Market Data 2024-Dec-20 16:41, Model Metrics 2024-Dec-20 17:10
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
NRINE-C INE.PR.C CA45790B7088 $19.92$20.85$17.20PERPETUAL @ 5.75%07.23% $1.4400Innergex_Renewable_Power_Series_C_Perpetual
Pfd3HBEP-R BEP.PR.R G16258264 $19.95$21.21$16.75PERPETUAL @ 5.50%06.89% $1.3750Brookfield_Renewable_Partners_L.P._5.5%,_Series_18
Pfd3HBRF-F BRF.PR.F CA11283Q7012 $19.00$20.05$15.93PERPETUAL @ 5.00%06.58% $1.2500Brookfield_Renewable_Power_Preferred_Equity_5.00%,_Series_6
Pfd3HBRF-E BRF.PR.E CA11283Q6022 $19.20$20.01$15.97PERPETUAL @ 5.00%06.51% $1.2500Brookfield_Renewable_Power_Preferred_Equity_5.00%,_Series_5
NRCSE-A CSE.PR.A CA14069Q5077 $14.59$14.85$11.945YR + 2.71%06.34% $0.9255Capstone_Infrastructure_Corp._3.271%,_Series_A
NRINE-A INE.PR.A CA45790B5009 $15.55$15.58$12.025YR + 2.79%05.21% $0.8108Innergex_Renewable_Energy_Inc._3.608%
NRNPI-A NPI.PR.A CA6665113081 $18.11$19.06$15.015YR + 2.80%04.42% $0.8004Northland_Power_Inc._3.51%,_Series_2
Pfd3LTA-H TA.PR.H CA89346D7273 $23.27$23.72$20.555YR + 3.65%07.40% $1.7235TransAlta_Corp._5.194%,_Series_E
Pfd3LTA-F TA.PR.F CA89346D7356 $20.49$20.60$17.595YR + 3.10%07.14% $1.4635TransAlta_Corp._4.027%,_Series_C
Pfd3LTA-J TA.PR.J CA89346D6770 $23.32$24.10$19.105YR + 3.80%07.26% $1.6933TransAlta_Corp._5.30%,_Serie_G
Pfd3LAQN-A AQN.PR.A CA0158573034 $22.61$23.38$19.605YR + 2.94%07.27% $1.6440Algonquin_Power_&_Utilities_Corp.Cumulative_Rate_Reset_Preferred_Shares_Series_A
Pfd3LTA-D TA.PR.D CA89346D7687 $15.42$15.50$11.725YR + 2.03%04.66% $0.7193TransAlta_Corp._2.709%,_Series__A
Pfd3HBEP-G BEP.PR.G BMG162581323 $24.86$25.25$20.995YR + 4.47% Min_5.5%05.53% $1.3750Brookfield_Renewable_Partners_L.P._5.50%,_Series_7
Pfd3HBRF-C BRF.PR.C CA11283Q4043 $23.10$23.27$16.395YR + 2.94%07.05% $1.6298Brookfield_Renewable_Power_4.40%,_Series_3
Pfd3LAQN-D AQN.PR.D CA0158575013 $24.25$24.47$19.895YR + 3.28%07.06% $1.7133Algonquin_Power_&_Utilities_Corp._Cumulative_Rate_Reset_Preferred_Shares_Series_D
Pfd3LCPX-C CPX.PR.C CA14042M5081 $24.75$25.00$21.055YR + 3.23%06.93% $1.7150Capital_Power_Corp._5.453%,_Series_3
Pfd3LCPX-E CPX.PR.E CA14042M7061 $23.95$24.41$20.235YR + 3.15%06.92% $1.6578Capital_Power_Corp._5.238%,_Series_5
Pfd3LCPX-A CPX.PR.A CA14042M3003 $17.15$17.15$12.695YR + 2.17%03.82% $0.6553Capital_Power_Corp._3.06%,_Series_1
Pfd3HBEP-M BEP.PR.M BMG162584053 $23.00$23.00$17.905YR + 3.00% Min_5.0%06.57% $1.5125Brookfield_Renewable_Partners_L.P._5.00%,_Series_13
Pfd3HBRF-A BRF.PR.A CA11283Q2062 $21.25$21.31$14.985YR + 2.62%03.69% $0.7843Brookfield_Renewable_Power_3.355%,_Series_1
 
 

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


(EST: UTC-05:00)Last Updated: Market Data 2024-Dec-20 16:41, Model Metrics 2024-Dec-20 17:10
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/DPay Div DateEx Div DateRate Change percentRate Change to valueNew Spread valueShort PositionAdditional FeaturesConverts ToYears To Double Initial InvestmentP/E RatioMarket Cap In BillionsP/B RatioCommon Stock YieldProjected Common Stock YieldOutstanding FloatName
NRINE-C INE.PR.C CA45790B7088 $19.92$20.85$17.20PERPETUAL @ 5.75%07.23% $1.4400N/A07.23% $1.440013.95%perpetual2025-01-142024-12-28025%7.22%N/A728 Cumulative9.927#N/A1.68 B2.148.71%0.00%2,000,000Innergex_Renewable_Power_Series_C_Perpetual
Pfd3HBEP-R BEP.PR.R G16258264 $19.95$21.21$16.75PERPETUAL @ 5.50%06.89% $1.3750N/A06.89% $1.375013.61%perpetual2025-01-302025-01-15025%6.89%N/A2,509 Cumulative DTCEPI10.40#N/Anull2.273.88%0.00%6,000,000Brookfield_Renewable_Partners_L.P._5.5%,_Series_18


 
 

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 1.50%
  • Scenario 2: 5YR GOC Rate is set at 2.00%
  • Scenario 3: 5YR GOC Rate is set at 2.50%
  • Scenario 4: 5YR GOC Rate is set at 3.0%
  • Scenario 5: 5YR GOC Rate is set at 3.50%
  • Scenario 6: 5YR GOC Rate is set at 4.00%

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

(EST: UTC-05:00)Last Updated: Market Data 2024-Dec-20 16:41, Model Metrics 2024-Dec-20 17:10
Credit RatingSymbolReset Date Y/M/DCurrent (Yield Dividend)
5Yr @ 1.50%. Reset (Yield Dividend)Scenario: 1 yield and dividend based on GOC 5yr Rate of 5Yr @ 1.50%.
5Yr @ 1.50%. Blended (Yield Dividend)5Yr @ 1.50%. Rate Change (percent | to value )
5Yr @ 2.00%. Reset (Yield Dividend)Scenario: 2 yield and dividend based on GOC 5yr Rate of 5Yr @ 2.00%.
5Yr @ 2.00%. Blended (Yield Dividend)5Yr @ 2.00%. Rate Change (percent | to value )
5Yr @ 2.50%. Reset (Yield Dividend)Scenario: 3 yield and dividend based on GOC 5yr Rate of 5Yr @ 2.50%.
5Yr @ 2.50%. Blended (Yield Dividend)5Yr @ 2.50%. Rate Change (percent | to value )
NRCSE-A CSE.PR.A CA14069Q5077 2026JUL3106.34% $0.92557.21% $1.0506.89% $1.00071% 7.21%8.07% $1.1807.47% $1.09071% 8.07%8.93% $1.3008.01% $1.16071% 8.93%
NRINE-A INE.PR.A CA45790B5009 2026JAN1505.21% $0.81086.90% $1.0706.46% $1.00060% 6.90%7.70% $1.2007.09% $1.10060% 7.70%8.50% $1.3207.67% $1.19060% 8.50%
NRNPI-A NPI.PR.A CA6665113081 2025SEP3004.42% $0.80045.94% $1.0805.65% $1.02038% 5.94%6.63% $1.2006.18% $1.12038% 6.63%7.32% $1.3306.75% $1.22038% 7.32%
Pfd3LTA-H TA.PR.H CA89346D7273 2027SEP3007.40% $1.72355.53% $1.2906.66% $1.55007% 5.53%6.07% $1.4106.86% $1.59007% 6.07%6.61% $1.5407.09% $1.65007% 6.61%
Pfd3LTA-F TA.PR.F CA89346D7356 2027JUN3007.14% $1.46355.61% $1.1506.45% $1.32022% 5.61%6.22% $1.2806.73% $1.38022% 6.22%6.83% $1.4007.00% $1.43022% 6.83%
Pfd3LTA-J TA.PR.J CA89346D6770 2029SEP3007.26% $1.69335.68% $1.3307.26% $1.69007% 5.68%6.22% $1.4507.26% $1.69007% 6.22%6.75% $1.5807.26% $1.69007% 6.75%
Pfd3LAQN-A AQN.PR.A CA0158573034 2028DEC3107.27% $1.64404.91% $1.1106.91% $1.56010% 4.91%5.46% $1.2407.00% $1.58010% 5.46%6.02% $1.3607.08% $1.60010% 6.02%
Pfd3LTA-D TA.PR.D CA89346D7687 2026MAR3104.66% $0.71935.72% $0.8805.40% $0.83062% 5.72%6.53% $1.0105.98% $0.92062% 6.53%7.34% $1.1306.52% $1.00062% 7.34%
Pfd3HBEP-G BEP.PR.G BMG162581323 2026JAN3105.53% $1.37506.00% $1.4905.87% $1.46000% 6.00%6.51% $1.6206.27% $1.55000% 6.51%7.01% $1.7406.63% $1.64000% 7.01%
Pfd3HBRF-C BRF.PR.C CA11283Q4043 2029JUL3107.05% $1.62984.81% $1.1106.94% $1.60008% 4.81%5.35% $1.2406.97% $1.61008% 5.35%5.89% $1.3606.99% $1.61008% 5.89%
Pfd3LAQN-D AQN.PR.D CA0158575013 2029MAR3107.06% $1.71334.93% $1.2006.85% $1.66003% 4.93%5.44% $1.3206.90% $1.67003% 5.44%5.96% $1.4506.95% $1.68003% 5.96%
Pfd3LCPX-C CPX.PR.C CA14042M5081 2028DEC3106.93% $1.71504.78% $1.1806.60% $1.63001% 4.78%5.28% $1.3106.68% $1.65000% 5.28%5.79% $1.4306.75% $1.67001% 5.79%
Pfd3LCPX-E CPX.PR.E CA14042M7061 2028JUN3006.92% $1.65784.85% $1.1606.40% $1.53004% 4.85%5.38% $1.2906.53% $1.56004% 5.38%5.90% $1.4106.66% $1.59004% 5.90%
Pfd3LCPX-A CPX.PR.A CA14042M3003 2025DEC3103.82% $0.65535.35% $0.9104.96% $0.85045% 5.35%6.08% $1.0405.50% $0.94045% 6.08%6.81% $1.1706.07% $1.04045% 6.81%
Pfd3HBEP-M BEP.PR.M BMG162584053 2028APR3006.57% $1.51255.43% $1.2506.23% $1.43008% 5.43%5.43% $1.2506.23% $1.43008% 5.43%5.98% $1.3806.40% $1.47008% 5.98%
Pfd3HBRF-A BRF.PR.A CA11283Q2062 2025APR3003.69% $0.78434.85% $1.0304.73% $1.00017% 4.85%5.44% $1.1605.28% $1.12017% 5.44%6.02% $1.2805.79% $1.23017% 6.02%