The energy sector has been one of the few bright spots in the market this year. Stocks in that sector are up by more than 30% on average compared to a double-digit percentage decline for the S&P 500 . Even with those big gains in the rear-view mirror, however, several energy stocks still look like compelling investment opportunities this August. In particular, three of our contributors see Enbridge ( ENB -1.11%), Brookfield Renewable ( BEPC 0.27%) ( BEP 1.11%), and Kinder Morgan ( KMI 0.98%) as no-brainer buys. High yield and aligned with the world giant Enbridge — I recommend it often, but with good reason. The stock offers a generous 6% dividend yield , and management has boosted the payout for 27 straight years. Its cash flows are supported by diversified, fee-based businesses, so commodity prices aren’t the primary driving forces behind its results — energy demand is. It has an investment-grade rated balance sheet and currently generates around $2 billion more in cash flow annually than it needs to fund its business, capital investment plans, and dividend. The company appears to be in a great position right now and its growth options are wide open. Normally, I […]
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