Atlantic Power Corp.

ATP-T

TSE:ATP

3.23
0.14 (4.53%)
Atlantic Power Corporation headquartered in Dedham, Massachusetts, is a power generation and infrastructure company with a portfolio of assets in the United States and Canada.
More at Wikipedia

Analysis and Opinions about ATP-T

Signal
Opinion
Expert
WEAK BUY
WEAK BUY
April 23, 2018

They generate electivity and sell it. As we move in this direction this company will have a foothold and niche. It is a capital intensive business and interest rates rising will be a problem.

They generate electivity and sell it. As we move in this direction this company will have a foothold and niche. It is a capital intensive business and interest rates rising will be a problem.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$2.800
Owned
Unknown
DON'T BUY
DON'T BUY
August 22, 2017

He does not like it. They cancelled their dividend. You expect one from a utility. The share price is down about 10% this year. Things are improving, but he does not recommend it.

He does not like it. They cancelled their dividend. You expect one from a utility. The share price is down about 10% this year. Things are improving, but he does not recommend it.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$3.050
Owned
Unknown
DON'T BUY
DON'T BUY
September 8, 2016

Return on capital went down to 1% and is now hovering at 3%. It is not as strong as other utilities so he would stay away from it.

Return on capital went down to 1% and is now hovering at 3%. It is not as strong as other utilities so he would stay away from it.

Matt Kacur
President, FSA Financial Science and Art
Price
$3.340
Owned
Unknown
DON'T BUY
DON'T BUY
May 30, 2016

It seems to find support in the mid-$2s. It has failed to break out. There is good support at $2, but he would not be that hopeful that it is heading back up. He is semi-bearish.

It seems to find support in the mid-$2s. It has failed to break out. There is good support at $2, but he would not be that hopeful that it is heading back up. He is semi-bearish.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$2.980
Owned
Unknown
COMMENT
COMMENT
May 8, 2015

When you look at the earnings forecast for the coming year, minus 37%, even the dividend they are paying now doesn’t cover what they are paying out. What concerns him is the long run balance sheet trend back to 2011, which is in a downward slope. It doesn’t have a particularly robust balance sheet and is paying out too much in dividends and selling at BV right now.

When you look at the earnings forecast for the coming year, minus 37%, even the dividend they are paying now doesn’t cover what they are paying out. What concerns him is the long run balance sheet trend back to 2011, which is in a downward slope. It doesn’t have a particularly robust balance sheet and is paying out too much in dividends and selling at BV right now.

Ross Healy
Chairman, Strategic Analysis Corp
Price
$3.960
Owned
Unknown
COMMENT
COMMENT
March 13, 2015

Verizon (VZ-N) or Atlantic Power (ATP-T)? He would go for Verizon which gives you more security of income. This company cut its dividend in half, and there is never just one dividend cut usually.

Verizon (VZ-N) or Atlantic Power (ATP-T)? He would go for Verizon which gives you more security of income. This company cut its dividend in half, and there is never just one dividend cut usually.

Gavin Graham
Trustee, Pointbreak ETFs
Price
$3.700
Owned
Unknown
DON'T BUY
DON'T BUY
November 26, 2014

Their merger and sale is off the table. They slashed their dividend to $0.12. He thinks that there is no way that they can do any developments and there is no free cash flow after the dividend. His call is that this should be a $2 stock.

Their merger and sale is off the table. They slashed their dividend to $0.12. He thinks that there is no way that they can do any developments and there is no free cash flow after the dividend. His call is that this should be a $2 stock.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$2.590
Owned
Unknown
SELL
SELL
October 27, 2014

Downgraded on the first dividend cut and now they did it twice. Negative on earnings growth potential as well as on management. The cash flow is enough to support the bond so he would not be worried about them.

Downgraded on the first dividend cut and now they did it twice. Negative on earnings growth potential as well as on management. The cash flow is enough to support the bond so he would not be worried about them.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$2.520
Owned
Unknown
COMMENT
COMMENT
September 23, 2014

The consensus earnings estimate in the next 12 months is minus $0.47. Up until recently, they have been paying out dividends of $0.39, so clearly something didn’t fit, so the dividend had to go. Not a terribly strong balance sheet. If it gets down to $1.84, he would probably take a swing at this one, but with his heart in his hand.

Atlantic Power Corp. (ATP-T)
September 23, 2014

The consensus earnings estimate in the next 12 months is minus $0.47. Up until recently, they have been paying out dividends of $0.39, so clearly something didn’t fit, so the dividend had to go. Not a terribly strong balance sheet. If it gets down to $1.84, he would probably take a swing at this one, but with his heart in his hand.

Ross Healy
Chairman, Strategic Analysis Corp
Price
$2.500
Owned
Unknown
DON'T BUY
DON'T BUY
September 16, 2014

They have slashed the payout and are now trying to sell themselves. The stock price has just plummeted. This is the problem with these former income trusts with very high payout ratios. In the end you have to ask is it well covered and what is the percentage that is being paid out.

Atlantic Power Corp. (ATP-T)
September 16, 2014

They have slashed the payout and are now trying to sell themselves. The stock price has just plummeted. This is the problem with these former income trusts with very high payout ratios. In the end you have to ask is it well covered and what is the percentage that is being paid out.

Gavin Graham
Trustee, Pointbreak ETFs
Price
$2.810
Owned
Unknown
HOLD
HOLD
September 4, 2014

This company has really turned the corner. Likes the stock, but it is too small for him. He gets participation through Emera (EMA-T), which is a big shareholder. They are doing the right kind of things, playing the niche markets and the renewables. 9.4% yield is sustainable as the company grows into it.

This company has really turned the corner. Likes the stock, but it is too small for him. He gets participation through Emera (EMA-T), which is a big shareholder. They are doing the right kind of things, playing the niche markets and the renewables. 9.4% yield is sustainable as the company grows into it.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$4.240
Owned
No
DON'T BUY
DON'T BUY
July 31, 2014

This one is very tempting, but he doesn’t think the dividend yield is sustainable. As of Q1, the dividend was 3X higher than the free cash flow. Doesn’t think there will be a buyer for them.

This one is very tempting, but he doesn’t think the dividend yield is sustainable. As of Q1, the dividend was 3X higher than the free cash flow. Doesn’t think there will be a buyer for them.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$4.130
Owned
Unknown
DON'T BUY
DON'T BUY
July 9, 2014

Debentures? He thinks this company will likely survive. Have a tremendous debt load. The debentures traded below par for good reason. There is a lot of risk out there. Doesn’t know if they have been well-managed in the past few years. Right now they are trying to work their way out of their problems. If you are looking to buy in, debentures would be the route to go. Not on his Watchlist.

Debentures? He thinks this company will likely survive. Have a tremendous debt load. The debentures traded below par for good reason. There is a lot of risk out there. Doesn’t know if they have been well-managed in the past few years. Right now they are trying to work their way out of their problems. If you are looking to buy in, debentures would be the route to go. Not on his Watchlist.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$4.260
Owned
No
DON'T BUY
DON'T BUY
June 27, 2014

Sold his holdings, but has been buying their convertible bonds. They are trying to get themselves sold. Have money in the bank. There is a lot of uncertainty as to where management is taking the company. 9.6% yield, but this might get cut. Have a convertible bond that is maturing in 2019, which he thinks is just perfect.

Sold his holdings, but has been buying their convertible bonds. They are trying to get themselves sold. Have money in the bank. There is a lot of uncertainty as to where management is taking the company. 9.6% yield, but this might get cut. Have a convertible bond that is maturing in 2019, which he thinks is just perfect.

Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$4.150
Owned
Yes
COMMENT
COMMENT
May 26, 2014

Seasonality for utilities is just about to start in June. The bottom in February is really indicative of a lot of utility companies. Chart shows a nice nascent trend. If we get above $4, this will usher in a lot of new buyers. Thinks there is pretty good upside potential on this.

Seasonality for utilities is just about to start in June. The bottom in February is really indicative of a lot of utility companies. Chart shows a nice nascent trend. If we get above $4, this will usher in a lot of new buyers. Thinks there is pretty good upside potential on this.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$3.580
Owned
No
COMMENT
COMMENT
March 20, 2014

Just did a restructuring that benefits the bondholders but at the expense of the equity holders. Given all the restrictive covenants now, it will be very, very hard to grow their assets from here to create any sort of shareholder value. Right now he thinks the business is actually worth $2. If you own, consider selling.

Just did a restructuring that benefits the bondholders but at the expense of the equity holders. Given all the restrictive covenants now, it will be very, very hard to grow their assets from here to create any sort of shareholder value. Right now he thinks the business is actually worth $2. If you own, consider selling.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$3.020
Owned
No
COMMENT
COMMENT
March 17, 2014

When stock gets to 8-10% yield, you get questions about sustainability. Starting to recover a little bit. He doesn’t know it well enough to know if they are going to turn it around. Don’t make it a big part of your portfolio.

When stock gets to 8-10% yield, you get questions about sustainability. Starting to recover a little bit. He doesn’t know it well enough to know if they are going to turn it around. Don’t make it a big part of your portfolio.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$3.210
Owned
Unknown
WATCH
WATCH
February 28, 2014

He owns the bonds. This would be more for aggressive accounts. Don’t be adding it at this time. He is watching it. The bond is a better way to play it. He is not concerned about them defaulting.

He owns the bonds. This would be more for aggressive accounts. Don’t be adding it at this time. He is watching it. The bond is a better way to play it. He is not concerned about them defaulting.

Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$2.900
Owned
Yes
SELL
SELL
February 13, 2014

(Market Call Minute.) They have serious problems. Two short power purchase agreements issues as to whether they can renew them when they roll off. Also, have a credibility problem.

(Market Call Minute.) They have serious problems. Two short power purchase agreements issues as to whether they can renew them when they roll off. Also, have a credibility problem.

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$2.750
Owned
Unknown
DON'T BUY
DON'T BUY
January 24, 2014

His company has this as a Sector Underperform with a $4 target. He has been buying the bonds. Also, have convertible debenture that he likes. They are trying to define where they go next. Have some cash that they don’t know what to do with.

His company has this as a Sector Underperform with a $4 target. He has been buying the bonds. Also, have convertible debenture that he likes. They are trying to define where they go next. Have some cash that they don’t know what to do with.

Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$3.490
Owned
Yes
DON'T BUY
DON'T BUY
January 16, 2014

In a real tough spot. Unfortunately last quarter was not good. Missed Q3, so their payout ratio went up to 95%. Then they announced they wanted to accelerate their debt repayment, and any actions to reduce debt, could mean an equity solution. This means that if they have more shares, their payout ratio spirals higher.

In a real tough spot. Unfortunately last quarter was not good. Missed Q3, so their payout ratio went up to 95%. Then they announced they wanted to accelerate their debt repayment, and any actions to reduce debt, could mean an equity solution. This means that if they have more shares, their payout ratio spirals higher.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$3.640
Owned
Unknown
DON'T BUY
DON'T BUY
January 2, 2014

(Market Call Minute) Does not like it. Still isn’t terribly interesting.

(Market Call Minute) Does not like it. Still isn’t terribly interesting.

Ross Healy
Chairman, Strategic Analysis Corp
Price
$3.680
Owned
Unknown
SELL
SELL
December 9, 2013

(Market Call Minute) Lots of problems with their assets.

(Market Call Minute) Lots of problems with their assets.

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$3.360
Owned
No
SELL
SELL
December 2, 2013

Undergoing a strategic review process. May sell assets, restructure debt, or cut dividend (over 100% still). Thinks they have to do all three. It could be dead money.

Undergoing a strategic review process. May sell assets, restructure debt, or cut dividend (over 100% still). Thinks they have to do all three. It could be dead money.

Laura Lau
Senior Portfolio Manager, Sentry Select Capital
Price
$3.690
Owned
Unknown
SELL
SELL
November 19, 2013

Stable distribution stream. But this is a disaster waiting to happen. Has not heard an argument as to why this would bottom out.

Stable distribution stream. But this is a disaster waiting to happen. Has not heard an argument as to why this would bottom out.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$3.810
Owned
No
DON'T BUY
DON'T BUY
October 17, 2013

Steady eddy business but they cut the dividend and this is not the type of business you want that to happen to. It will take time for them to re-instate the dividend and confidence to return in them. A good sector but he prefers others.

Steady eddy business but they cut the dividend and this is not the type of business you want that to happen to. It will take time for them to re-instate the dividend and confidence to return in them. A good sector but he prefers others.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$5.250
Owned
No
COMMENT
COMMENT
October 2, 2013

He was surprised by the dividend cut, because he already knew that they would have $155 million by year end and there was no need for them to cut, probably until the end of 2014. The risk is, whether or not they can do an equity raise to finance expansion. For this year they are fine, but next year are probably going to structure their debt. He has a breakup value of $6. This is not for the faint of heart as it is highly volatile.

He was surprised by the dividend cut, because he already knew that they would have $155 million by year end and there was no need for them to cut, probably until the end of 2014. The risk is, whether or not they can do an equity raise to finance expansion. For this year they are fine, but next year are probably going to structure their debt. He has a breakup value of $6. This is not for the faint of heart as it is highly volatile.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$4.980
Owned
Unknown
BUY
BUY
September 27, 2013

He wouldn’t add to this one, but rather would try to find some of the convertibles. They have a convertible right now that is yielding about 14%. If you want the yield, this would be a good one to be buying, but the convertible debenture is a little bit better. Sitting on about $100 million that they have to figure out what to do with.

Atlantic Power Corp. (ATP-T)
September 27, 2013

He wouldn’t add to this one, but rather would try to find some of the convertibles. They have a convertible right now that is yielding about 14%. If you want the yield, this would be a good one to be buying, but the convertible debenture is a little bit better. Sitting on about $100 million that they have to figure out what to do with.

Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$4.380
Owned
No
WEAK BUY
WEAK BUY
August 16, 2013

Sold his holdings quite a while ago, but at these levels, he has started to add a little bit for more aggressive clients. It will do well in a reversal and at some point it is going to hit a bottom. His company is neutral with a $4.50 target. If you own, he would definitely hold and even consider adding at some point. Has about $150 million on the balance sheet but doesn’t know what they are going to do with it. They have a convertible bond that he likes, which is trading at a big discount.

Sold his holdings quite a while ago, but at these levels, he has started to add a little bit for more aggressive clients. It will do well in a reversal and at some point it is going to hit a bottom. His company is neutral with a $4.50 target. If you own, he would definitely hold and even consider adding at some point. Has about $150 million on the balance sheet but doesn’t know what they are going to do with it. They have a convertible bond that he likes, which is trading at a big discount.

Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$4.170
Owned
Yes
DON'T BUY
DON'T BUY
August 2, 2013

A diversified power name, gas, heating oil, coal. The problem with this company is that the average duration of their purchase agreements are sub-10 years and he likes to see greater than 10 years. Leverage is high and the payout is high. They cut the distribution earlier this year. Have a number of plants that are going to be re-contracted later this year and if some of these are recontracting at considerably lower levels, there could be another distribution cut.

A diversified power name, gas, heating oil, coal. The problem with this company is that the average duration of their purchase agreements are sub-10 years and he likes to see greater than 10 years. Leverage is high and the payout is high. They cut the distribution earlier this year. Have a number of plants that are going to be re-contracted later this year and if some of these are recontracting at considerably lower levels, there could be another distribution cut.

Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$4.340
Owned
No
COMMENT
COMMENT
July 29, 2013

After Q1, we saw their payout ratio was between 65% and 75%. Asset sales were going through. Estimates NAV to be about $5.50. Highly levered. What really hit this one was when the yield spike went up because this is one that is most levered to a 100 basis point rise in bond yields. For every 100 basis points move in interest rates, he sees the free cash flow been impacted between 6% and 12% from 2014 to 2017 because of the way there debt matures. 9% dividend. Would try to accumulate this on weakness if you are “risk tolerant”.

After Q1, we saw their payout ratio was between 65% and 75%. Asset sales were going through. Estimates NAV to be about $5.50. Highly levered. What really hit this one was when the yield spike went up because this is one that is most levered to a 100 basis point rise in bond yields. For every 100 basis points move in interest rates, he sees the free cash flow been impacted between 6% and 12% from 2014 to 2017 because of the way there debt matures. 9% dividend. Would try to accumulate this on weakness if you are “risk tolerant”.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$4.410
Owned
Unknown
SELL
SELL
June 25, 2013

They cut their dividend to be sustainable and that is a positive. They have a lot of assets in the US so if the US does well, they will benefit. He takes a while to warm up to a name after a dividend cut.

They cut their dividend to be sustainable and that is a positive. They have a lot of assets in the US so if the US does well, they will benefit. He takes a while to warm up to a name after a dividend cut.

James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$4.330
Owned
No
COMMENT
COMMENT
June 10, 2013

Recently slashed its dividend and the stock cratered with it. Even so, projected earnings for this year and next, still don’t cover the dividend. If you get down to cash flow, they can sort of muddle through and maybe it looks alright.

Recently slashed its dividend and the stock cratered with it. Even so, projected earnings for this year and next, still don’t cover the dividend. If you get down to cash flow, they can sort of muddle through and maybe it looks alright.

Ross Healy
Chairman, Strategic Analysis Corp
Price
$4.820
Owned
Unknown
COMMENT
COMMENT
May 6, 2013

Convertible debentures (ATD.DB.A) for yield within an RRSP. Coupon is 6.25% and currently trades in the $83-$84 range. Actually are currently trading at around $90.50. Very expensive. As a convertible bond they have a massive 1.51% premium and the yield to maturity on the bonds is 9% versus 8.74% on the common. He would be buying the common, not the convertibles.

Convertible debentures (ATD.DB.A) for yield within an RRSP. Coupon is 6.25% and currently trades in the $83-$84 range. Actually are currently trading at around $90.50. Very expensive. As a convertible bond they have a massive 1.51% premium and the yield to maturity on the bonds is 9% versus 8.74% on the common. He would be buying the common, not the convertibles.

Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$4.680
Owned
Unknown
COMMENT
COMMENT
April 15, 2013

There is a Class-action lawsuit so obviously there are some aggrieved shareholders who felt the recent sale of assets was very badly handled. Obviously, the company had some issues and had to raise some cash. Effectively the last 5 years progress has been wiped out. This has been a mess all around.

There is a Class-action lawsuit so obviously there are some aggrieved shareholders who felt the recent sale of assets was very badly handled. Obviously, the company had some issues and had to raise some cash. Effectively the last 5 years progress has been wiped out. This has been a mess all around.

Gavin Graham
Trustee, Pointbreak ETFs
Price
$4.700
Owned
Unknown
DON'T BUY
DON'T BUY
April 1, 2013

They have hit a number of hiccups. Their assets are weak, corporate governance is not great, there is litigation risk, and they cut their dividend. They have been killed on the share price. They are going to have to issue equity and get their capital structure in line. There will be a lot of volatility.

They have hit a number of hiccups. Their assets are weak, corporate governance is not great, there is litigation risk, and they cut their dividend. They have been killed on the share price. They are going to have to issue equity and get their capital structure in line. There will be a lot of volatility.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$4.740
Owned
Unknown
DON'T BUY
DON'T BUY
March 25, 2013

Class action law suit coming out of US based on their inability to pay the very high dividends. It will be a while. Play the sector with a ZUT-T.

Class action law suit coming out of US based on their inability to pay the very high dividends. It will be a while. Play the sector with a ZUT-T.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$4.970
Owned
Unknown
DON'T BUY
DON'T BUY
March 11, 2013

(Market Call Minute.) Even after the 65% cut of dividend, there is a possibility that the payout ratio could be over 100% at the end of this year, based on their contract expiring.

(Market Call Minute.) Even after the 65% cut of dividend, there is a possibility that the payout ratio could be over 100% at the end of this year, based on their contract expiring.

Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$5.700
Owned
No
WATCH
WATCH
March 7, 2013

A couple of contracts have expired so the price they were getting for power generation will be a lot lower. Because of this, it was prudent to cut the distribution to make it sustainable however the market was not expecting the magnitude of the cuts. His sense is that things will clear up in the next week or so and that would be the time to look at it. Could be a takeover target if it became really cheap.

A couple of contracts have expired so the price they were getting for power generation will be a lot lower. Because of this, it was prudent to cut the distribution to make it sustainable however the market was not expecting the magnitude of the cuts. His sense is that things will clear up in the next week or so and that would be the time to look at it. Could be a takeover target if it became really cheap.

Jim Huang
President, T.I.P. Wealth Management
Price
$5.700
Owned
No
DON'T BUY
DON'T BUY
March 4, 2013

(Market Call Minute.) Dividend has been cut 65% and the stock has been clobbered. There is a huge amount of issues with a re-contracting of the plants. Thinks it will be dead money for some time.

(Market Call Minute.) Dividend has been cut 65% and the stock has been clobbered. There is a huge amount of issues with a re-contracting of the plants. Thinks it will be dead money for some time.

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$6.060
Owned
No
HOLD
HOLD
March 1, 2013

Just cut their dividend by 50% so there was a big drop in the stock price. Relative Strength is oversold right now.

Just cut their dividend by 50% so there was a big drop in the stock price. Relative Strength is oversold right now.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$10.540
Owned
Unknown
DON'T BUY
DON'T BUY
January 31, 2013

There are better alternatives, such as a Algonquin Power (AQN-T) where you are going to get more dividend growth and more sustainability. Expects power prices to be relatively range bound in the next 12-24 months, if not potentially decline.

There are better alternatives, such as a Algonquin Power (AQN-T) where you are going to get more dividend growth and more sustainability. Expects power prices to be relatively range bound in the next 12-24 months, if not potentially decline.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$12.300
Owned
No
TOP PICK
TOP PICK
September 19, 2012

5.95% bonds maturing 2036. He bought these at $.63 on the dollar. Feels the risk/reward is pretty good.

Atlantic Power Corp. (ATP-T)
September 19, 2012

5.95% bonds maturing 2036. He bought these at $.63 on the dollar. Feels the risk/reward is pretty good.

Marc-Andre Gaudreau
Sr. VP Fixed Income, Natcan Investment Management
Price
$14.460
Owned
Yes
DON'T BUY
DON'T BUY
August 20, 2012

Power generation plus has a small transmission business as well. 92% payout ratio so chances of a dividend increase is pretty slim. Average duration of the in place power purchase agreements is below 10 years while other power companies are in the mid teens to above. Sustainability is not as great as one of the other power names. 8.2% yield.

Power generation plus has a small transmission business as well. 92% payout ratio so chances of a dividend increase is pretty slim. Average duration of the in place power purchase agreements is below 10 years while other power companies are in the mid teens to above. Sustainability is not as great as one of the other power names. 8.2% yield.

Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$13.950
Owned
No
SELL
SELL
June 6, 2012
Could be some contracting risks which could affect the sustainability of the 8.3% yield. There are probably higher quality power companies out there. If you own, she would consider switching to Northland Power (NPI-T) or Brookfield Renewable (BEP.UN-T).
Could be some contracting risks which could affect the sustainability of the 8.3% yield. There are probably higher quality power companies out there. If you own, she would consider switching to Northland Power (NPI-T) or Brookfield Renewable (BEP.UN-T).
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$13.960
Owned
No
DON'T BUY
DON'T BUY
April 12, 2012
Assets are primarily in the US. Recently acquired a Canadian company with Canadian and US assets. Feels the payout ratio is too high.
Assets are primarily in the US. Recently acquired a Canadian company with Canadian and US assets. Feels the payout ratio is too high.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$13.690
Owned
No
DON'T BUY
DON'T BUY