Dec 17, 2017

5 Recent Buys - AQN, BNS, ES, WPC, XEL

Here are my trades from the first half of December. I added to my existing positions at Algonquin Power & Utilities Corp (AQN.TO), The Bank of Nova Scotia (BNS.TO), Eversource Energy (ES), W.P. Carey Inc (WPC) and Xcel Energy (XEL). I would like to also mention that I have taken the first steps into the world of Cryptocurrencies! And here are the details...


Buy in CAD - Algonquin Power & Utilities Corp (AQN.TO)
Trade Price: 13.99
Shares: 5
Commission: 1.00
Total: 70.95
Sector: Utilities - Electric/Gas/Water
Yield: 4,3%
Payout Ratio: 123%
Dividend Increase Streak Years: 6
Annualized Dividend Growth 3-yr: 7,6%
P/E: 28,6
S&P Credit Rating: BBB

Buy in CAD - The Bank of Nova Scotia (BNS.TO)
Trade Price: 81.70
Shares: 1
Commission: 1.00
Total: 82.70
Sector: Financial - Banking
Yield: 3,9%
Payout Ratio: 63%
Dividend Increase Streak Years: 6
Annualized Dividend Growth 3-yr: 4,1%
P/E: 16,2
S&P Credit Rating: A+

Buy in USD - Eversource Energy (ES)
Trade Price: 65.40
Shares: 2
Commission: 0.35
Total: 131.15
Sector: Utilities - Electric/Gas/Water
Yield: 2,9%
Payout Ratio: 62%
Dividend Increase Streak Years: 19
Annualized Dividend Growth 3-yr: 6,6%
P/E: 21,2
S&P Credit Rating: A+

Buy in USD - W.P. Carey Inc (WPC)
Trade Price: 69.70
Shares: 1
Commission: 0.35
Total: 70.05
Sector: REIT - Property Management
Yield: 5,8%
Payout Ratio: 76% (of AFFO)
Dividend Increase Streak Years: 20
Annualized Dividend Growth 3-yr: 7,4%
P/AFFO: 13,2
S&P Credit Rating: BBB

Buy in USD - Xcel Energy Inc (XEL)
Trade Price: 50.80
Shares: 2
Commission: 0.35
Total: 101.95
Sector: Utilities - Electric/Gas
Yield: 2,8%
Payout Ratio: 62%
Dividend Increase Streak Years: 14
Annualized Dividend Growth 3-yr: 6,8%
P/E: 21,8
S&P Credit Rating: A-

All right, a lot of activity in the Utilities space. But something totally different too. Like I said, I have entered the world of cryptos. I didn't buy actual currencies, but ETNs (exchange traded notes). I found this most convenient way since I was able to use my existing broker, and I'm able to use tax deductions in case cryptos hit the fan, so to speak. So I invested a few hundred euros in Bitcoin Tracker EUR XBT Provider and Ether Tracker EUR XBT Provider. These are of course speculative high-risk investments. Something I don't usually do, but made an exception this time. I'm mentally prepared to lose all capital invested in these products.

My main focus remains on dividend growth stocks. So, once again it was a pleasure to buy more of these great income producers. Eversource seems to be upgraded by Standard & Poors. Now with A+ rating it's one of the best in the industry, if not the best. I don't know other Utility with that high rating. ES just completed their acquisition of Aquarion Water Co. making them officially a Water Utility too. I'm quite excited about this development. WPC just continues to be amazing dividend producer. On top of the high yield they just gave another small pay raise.

Thanks for reading. My Portfolio page has been updated to reflect these trades.

Disclosure: Long AQN.TO, BNS.TO, ES, WPC, XEL, Bitcoin XBTE, Ethereum XBTE

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