After looking into a possible investment gem, called Just Energy Income Fund (TSE:JE.UN), in a previous post, I thought I would dig further into its competitors and make it a series of posts.
The criteria for the competitors is to be a publicly traded company or income trust and to provide customer based services in Canada. Each must have residential or commercial consumers to whom they provide natural gas or electricity. Here are the competitors, regardless of their market capitalization:
Gaz Metro Ltd (TSE:GZM.UN)
Fortis Inc. (TSE:FTS) (Owner of Terasen)
Emera Inc. (TSE:EMA)
TransAlta Corporation (TSE:TA) (Great company but no customers.)
Enbridge (TSE:ENB)
Comparative Fact Sheet
Some quick data to compare each business.
Name
Ticker
Market Cap.
Dividend Yield
Dividend History
Just Energy
TSE:JE.UN
1.65B$
9.39%
9 years
Gaz Metro
TSE:GZM.UN
1.92B$
7.79%
17 years
Fortis Inc.
TSE:FTS
4.80B$
4.02%
38 years
Emera Inc.
TSE:EMA
2.85B$
4.49%
18 years
TransAlta
TSE:TA
4.68B$
5.42%
54 years
Enbridge
TSE:ENB
18.74B$
3.45%
57 years
Comparing JE.UN with ENB, FTS and TA. These are popular DRiP investments.
Comparing against the other competitors
This summary should give you an idea of the competitive landscape. In my future posts, I will cover each competitors in more details. Each of these companies provide healthy dividends. Stay tuned for more details as one of them may be a good addition to your portfolio if you don’t have one already.
Happy dividend hunting!
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7 comments to Energy Distributors: A Comparison Introduction – Part 1
I am currently setup to drip ENB. I only have 1 share though. Fortis is on its way too – I am getting setup with it over the coming months. I have not made any OCP with them yet. Although I have intentions with them, I have not made any significant moves with them.
I like Just Energy and I keep it on my list at the moment. With the markets going down my watch list tend to grow
[...] is the last company I have to compare the energy distributors. The list I initially put together had to have customers and not be just an energy provider. [...]
All content posted on this blog represents my opinion and views and should never be considered professional advice. You should do your own research and consult with a professional financial advisor before making any investment decisions.
June 28th, 2010 | 
Category: 
Hey Passive – I happen to own 2/5 above (ENB, TA) and I'm thinking JE.UN is a great buy for 2011 (price being low that is…) for my TFSA.
What about you? Plan on buying any (more?) of these?
Happy Canada Day in the West!
I am currently setup to drip ENB. I only have 1 share though. Fortis is on its way too – I am getting setup with it over the coming months. I have not made any OCP with them yet. Although I have intentions with them, I have not made any significant moves with them.
I like Just Energy and I keep it on my list at the moment. With the markets going down my watch list tend to grow
Happy Canada Day in the East!
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