Hillcrest Energy Technologies. (CSE: HEAT)
From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future.
If you are seeking a more attractive and stable energy stock than typical stocks, these energy stocks are worth considering for your investment portfolio.
As of the time of writing, TC Energy (TSX: TRP) offers a dividend yield of over 6.3%, making it an ideal choice for income-focused investors. Although TC Energy’s payout ratio is relatively low, at around 114%, it remains manageable compared to some peers, allowing for potential dividend maintenance and growth over time. Furthermore, with a forward price-to-earnings ratio of only 14.1 compared to other energy giants, TC Energy appears more appealing, indicating better value for investors seeking to buy and hold the stock.
What truly sets TC Energy apart is its profitability and efficiency. The company boasts a return on equity of 10.7% and an operating profit margin near 40%, effectively converting revenue into profit, signaling long-term stability. Recently, TC Energy has seen quarterly earnings grow by over 260%, clearly demonstrating its strong momentum. Therefore, if you are looking for a reliable energy stock that combines substantial dividends with robust financial performance, TC Energy might be the top choice for you.
If you are looking to invest in a company that not only seeks profits but is also committed to building a green future, Northland Power (TSX: NPI) might be an ideal choice for you. As of the time of writing, NPI has a dividend yield exceeding 5.4%, providing a decent source of income. With the global shift towards clean energy, Northland Power’s portfolio of wind, solar, and hydroelectric power projects is well-positioned to capitalize on this growing demand. It is important to note that NPI is heavily investing in future growth. With quarterly earnings growing over 5000% year-over-year, these investments are evidently starting to pay off. The company’s revenue is steadily increasing, with an operating profit margin exceeding 28%, indicating highly efficient operational management. Therefore, if you are interested in such a company, delving deeper into NPI might be worthwhile.
