|Bid||37.12 x 1400|
|Ask||37.25 x 1800|
|Day's Range||36.69 - 36.90|
|52 Week Range||26.97 - 37.31|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||31.20|
|Earnings Date||May 05, 2021 - May 10, 2021|
|Forward Dividend & Yield||2.63 (7.13%)|
|Ex-Dividend Date||Feb 11, 2021|
|1y Target Est||41.66|
The global economy is shifting its primary power source, moving away from fossil fuels toward renewable energy. Because of that long time horizon, the industry isn't going to abandon the current infrastructure supporting fossil fuels anytime soon. Enbridge and TC Energy's CEOs believe that their companies can play a vital role in the energy transition.
Enbridge is warning that the renewable power market is "frothy," which might actually be good news for this REIT.
Energy stocks have been on fire this year, fueled by higher oil prices. Three that stand out as compelling options for value investors these days are Crestwood Equity Partners (NYSE: CEQP), Enbridge (NYSE: ENB), and Kinder Morgan (NYSE: KMI). Master limited partnership (MLP) Crestwood Equity Partners weathered last year's volatile oil market quite well.