Brookfield Renewable and Enbridge: Energy Stocks with Up to 5.8% Dividend Yield
Written by Emily J. Thompson, Senior Investment Analyst
Source: Fool
- Dividend Yield Advantage: The energy sector boasts a 3.3% dividend yield, ranking second in the S&P 500, significantly above the 1.1% average, making it an ideal hunting ground for high-yield dividend stocks.
- Brookfield's Stable Cash Flow: Brookfield Renewable has 90% of its power under long-term contracts averaging 13 years, with 70% of revenue linked to inflation, ensuring a 3.8% dividend yield and a plan to grow dividends by 5% to 9% annually.
- Enbridge's Robust Growth: Enbridge derives 98% of its annual earnings from long-term fixed contracts and government-regulated rates, supporting a 5.8% dividend yield, with projected cash flow per share growth of 3% to 5% annually.
- Sustained Dividend Increases: Both Brookfield and Enbridge have a strong track record of increasing dividends, with Brookfield achieving 14 consecutive years of hikes and Enbridge marking its 31st annual increase in 2026, reflecting their solid cash flow and growth potential.
Analyst Views on BEPC
Wall Street analysts forecast BEPC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEPC is 43.67 USD with a low forecast of 35.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 38.790
Low
35.00
Averages
43.67
High
48.00
Current: 38.790
Low
35.00
Averages
43.67
High
48.00
About BEPC
Brookfield Renewable Corp. operates renewable power platforms and sustainable solutions. The Company’s operations consist of over 13,948 MW of installed hydroelectric, wind, solar, storage and ancillary capacity across Brazil, Colombia, North America and Europe. Its sustainable solutions assets include investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others. It is focused on power markets in the United States. Its hydroelectric capacity in the United States is located in New York, Pennsylvania, and New England. In New York, it has over 74 hydroelectric facilities, in Pennsylvania, four hydroelectric facilities, and in New England, 48 hydroelectric facilities. Through its subsidiary TerraForm Power, it has a diverse portfolio of wind and solar platforms located in California, Illinois, Texas and New York.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
