Morningstar Direct Data as of April 7, 2021
The cheapest of the five is rare triple threat Enbridge – undervalued, with a wide moat, and with a high dividend yield.
The other energy company on the list is TC Energy. Morningstar analysts believe the company will meet 5%% annual dividend growth for the next five years, driven by a healthy pipeline of growth opportunities. We believe the company has strong growth prospects with its highly secured and highly profitable NGTL system that will drive significant incremental cash flow for years to come while supporting the planned dividend growth.
Two are telecom companies, BCE and Telus. Morningstar analyst Matthew Dolgin says that BCE is his top pick, and is the most undervalued relative to his fair value estimate. “We really like both the wireline and the wireless business for BCE. Wireline is where they ve really made some inroads. They ve been building fiber-to-the-home, and it s allowed them to take some market share from R
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