Compare Preferred's Of Green Energy Utilities

Using this table you can compare all the preferred shares issued by the Green Energy Canadian Utilities.  These companies produce at least 50% of their power from renewable resources such as hydro, wind and solar.  Most utilities have a growing renewable power segment as they begin to shift away from fossil fuels. For a utility to be included in this list, it must produce over 50% of their power from renewable sources. We also want to point out those companies with a 100% renewable power generation in the following list:

  • Innergex Renewable Power

All types of preferred’s are included (perpetual, fixed, floating) in one table. The information is presented in an easy to understand format. This way you can pick the right share to purchase or sell. As with any other investment decision, the same metrics should be used.  Each investor has a unique selection process and looks at the same metric differently.

  1. Some investors looking for high yield over the next 5 years will put more emphasis on the “Blended Yield” metric.
  2. More weight should be given to the “Rating” metric if you are looking for the highest credit worthy issues.
  3. Good value is indicated by metric “rate increase percent”.  This also highlights the stocks with the most room for capital gains if rates start going up.

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. 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.

 

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


  1. Reset Date.
  2. Reset (Yield | Dividend).
  3. Blended (Yield | Dividend).
  4. Rate Change Percent. Reflects the effect or the current price on the issue rate of the preferred. Here you see the effective new rate of the share due to its drop or rise of its share value
  5. Rate Change To Value.
  6. New Spread Change.
  7. New Spread Value.
  8. Short Position. If there is a short position on the preferred this shows the size of the short position
  9. Additional Features.
  10. Years To Double Initial Investment.
  11. Outstanding float.
  12. Market Cap In Bilions. The company Market Cap.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield.
Last Updated: Market Data 2024-Apr-22 20:06, Model Metrics 2024-Apr-22 20:34
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 $17.30$21.46$16.80PERPETUAL @ 5.75%08.32% $1.4400Innergex_Renewable_Power_Series_C_Perpetual
Pfd3HBEP-R BEP.PR.R G16258264 $17.70$19.40$14.99PERPETUAL @ 5.50%07.77% $1.3750Brookfield_Renewable_Partners_L.P._5.5%,_Series_18
Pfd3HBRF-F BRF.PR.F CA11283Q7012 $17.03$18.35$14.81PERPETUAL @ 5.00%07.34% $1.2500Brookfield_Renewable_Power_Preferred_Equity_5.00%,_Series_6
Pfd3HBRF-E BRF.PR.E CA11283Q6022 $17.07$18.50$14.82PERPETUAL @ 5.00%07.32% $1.2500Brookfield_Renewable_Power_Preferred_Equity_5.00%,_Series_5
Pfd3HBRF-C BRF.PR.C CA11283Q4043 $19.85$20.00$15.50PERPETUAL @ 4.40%05.54% $1.1000Brookfield_Renewable_Power_4.40%,_Series_3
NRINE-A INE.PR.A CA45790B5009 $12.70$14.00$11.155YR + 2.79%06.38% $0.8108Innergex_Renewable_Energy_Inc._3.608%
NRCSE-A CSE.PR.A CA14069Q5077 $13.75$13.83$11.285YR + 2.71%06.73% $0.9255Capstone_Infrastructure_Corp._3.271%,_Series_A
NRNPI-A NPI.PR.A CA6665113081 $16.70$17.27$13.705YR + 2.80%04.79% $0.8004Northland_Power_Inc._3.51%,_Series_2
Pfd3HBRF-A BRF.PR.A CA11283Q2062 $16.81$17.49$14.015YR + 2.62%04.66% $0.7843Brookfield_Renewable_Power_3.355%,_Series_1
Pfd3HBEP-M BEP.PR.M BMG162584053 $19.55$22.17$15.765YR + 3.00% Min_5.0%07.73% $1.5125Brookfield_Renewable_Partners_L.P._5.00%,_Series_13
Pfd3LAQN-D AQN.PR.D CA0158575013 $22.40$22.95$18.015YR + 3.28%07.65% $1.7133Algonquin_Power_&_Utilities_Corp._Cumulative_Rate_Reset_Preferred_Shares_Series_D
Pfd3HBEP-O BEP.PR.O BMG162582156 $24.97$25.34$19.655YR + 3.94% Min_5.75%05.75% $1.4375Brookfield_Renewable_Partners_L.P._5.75%,_Series_15
Pfd3HBEP-G BEP.PR.G BMG162581323 $23.80$23.98$17.555YR + 4.47% Min_5.5%05.78% $1.3750Brookfield_Renewable_Partners_L.P._5.50%,_Series_7
Pfd3LAQN-A AQN.PR.A CA0158573034 $22.20$23.38$17.975YR + 2.94%07.28% $1.6173Algonquin_Power_&_Utilities_Corp.Cumulative_Rate_Reset_Preferred_Shares_Series_A
 
 

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 2024-Apr-22 20:06, Model Metrics 2024-Apr-22 20:34
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 $17.30$21.46$16.80PERPETUAL @ 5.75%08.32% $1.4400N/A08.32% $1.440018.94%perpetual2024-07-152024-06-27044%8.31%N/A728 Cumulative8.664#N/A1.65 B1.718.91%0.00%2,000,000Innergex_Renewable_Power_Series_C_Perpetual
Pfd3HBEP-R BEP.PR.R G16258264 $17.70$19.40$14.99PERPETUAL @ 5.50%07.77% $1.3750N/A07.77% $1.375017.84%perpetual2024-04-292024-07-15041%7.77%N/A2,509 Cumulative DTCEPI9.256#N/Anull2.554.43%0.00%6,000,000Brookfield_Renewable_Partners_L.P._5.5%,_Series_18
Pfd3HBRF-F BRF.PR.F CA11283Q7012 $17.03$18.35$14.81PERPETUAL @ 5.00%07.34% $1.2500N/A07.34% $1.250018.59%perpetual2024-04-292024-07-12046%7.34%N/A7,719 Cumulative9.779#N/Anull2.554.43%0.00%7,000,000Brookfield_Renewable_Power_Preferred_Equity_5.00%,_Series_6
Pfd3HBRF-E BRF.PR.E CA11283Q6022 $17.07$18.50$14.82PERPETUAL @ 5.00%07.32% $1.2500N/A07.32% $1.250018.51%perpetual2024-04-292024-07-12046%7.32%N/A4,824 Cumulative9.807#N/Anull2.554.43%0.00%7,000,000Brookfield_Renewable_Power_Preferred_Equity_5.00%,_Series_5
Pfd3HBRF-C BRF.PR.C CA11283Q4043 $19.85$20.00$15.50PERPETUAL @ 4.40%05.54% $1.1000N/A05.54% $1.100012.56%perpetual2024-04-292024-07-15025%5.54%N/A94,307 Cumulative12.85#N/Anull2.554.43%0.00%9,961,399Brookfield_Renewable_Power_4.40%,_Series_3


 
 

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

Last Updated: Market Data 2024-Apr-22 20:06, Model Metrics 2024-Apr-22 20:34
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 )
NRINE-A INE.PR.A CA45790B5009 2026JAN1506.38% $0.81088.44% $1.0707.71% $0.97096% 8.44%9.43% $1.2008.37% $1.06096% 9.43%10.40% $1.3208.99% $1.14096% 10.40%
NRCSE-A CSE.PR.A CA14069Q5077 2026JUL3106.73% $0.92557.65% $1.0507.18% $0.98081% 7.65%8.56% $1.1807.65% $1.05081% 8.56%9.47% $1.3008.09% $1.11081% 9.47%
NRNPI-A NPI.PR.A CA6665113081 2025SEP3004.79% $0.80046.44% $1.0805.96% $0.99049% 6.44%7.19% $1.2006.46% $1.08049% 7.19%7.93% $1.3307.01% $1.17049% 7.93%
Pfd3HBRF-A BRF.PR.A CA11283Q2062 2025APR3004.66% $0.78436.13% $1.0305.76% $0.96048% 6.13%6.87% $1.1606.34% $1.06048% 6.87%7.61% $1.2806.87% $1.15048% 7.61%
Pfd3HBEP-M BEP.PR.M BMG162584053 2028APR3007.73% $1.51256.39% $1.2507.53% $1.47027% 6.39%6.39% $1.2507.53% $1.47027% 6.39%7.03% $1.3807.63% $1.49027% 7.03%
Pfd3LAQN-D AQN.PR.D CA0158575013 2029MAR3107.65% $1.71335.33% $1.2007.64% $1.71011% 5.33%5.89% $1.3207.64% $1.71011% 5.89%6.45% $1.4507.64% $1.71011% 6.45%
Pfd3HBEP-O BEP.PR.O BMG162582156 2024APR3005.75% $1.43755.76% $1.4405.76% $1.43000% 5.76%5.95% $1.4905.95% $1.48000% 5.95%6.45% $1.6106.41% $1.60000% 6.45%
Pfd3HBEP-G BEP.PR.G BMG162581323 2026JAN3105.78% $1.37506.27% $1.4906.06% $1.44005% 6.27%6.80% $1.6206.39% $1.52005% 6.80%7.32% $1.7406.69% $1.59005% 7.32%
Pfd3LAQN-A AQN.PR.A CA0158573034 2028DEC3107.28% $1.61735.00% $1.1107.17% $1.59012% 5.00%5.56% $1.2407.20% $1.59012% 5.56%6.13% $1.3607.22% $1.60012% 6.13%