We plugged into the Utilities sector this week, just to see if we could find something new, that hasn't tripped our radar yet. This stock yields 6.52%, with a 47% dividend payout ratio. Mgt. has raised 2017 AFFO guidance by 12%, and is targeting 7-8% dividend growth in 2017 and 2018. Mgt. has made 3 recent acquisitions that will ramp up earnings in 2017. This stock is selling at 21% below book value and is 13% below analysts' avg. price target.
We came up with Capital Power, (CPXWF), a Canadian independent power producer with a rapidly-growing asset base, which promises strong growth in 2017. Management raised its 2017 AFFO guidance by ~12% on the Q1 earnings release. The reason for this guidance hike is that management has made recent acquisitions that will be accretive in 2017. Capital Power is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes power generation from a variety of energy sources. Capital Power owns approximately 4,500 megawatts of power generation capacity at 24 facilities and is pursuing contracted generation capacity throughout North America.
Source: Seeking Alpha
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