Artificial intelligence requires a shocking amount of energy, creating substantial opportunities for energy stocks to buy fueled by the unstoppable AI boom and the Nvidia-driven surge. According to The Verge, by 2027, the AI market alone could consume between 85 and 135 terawatt hours every year. That's nearly the same amount of power that runs the Netherlands in a single year. And, as noted by GlobalXETFs.com, "Connor Teskey, CEO of Brookfield Renewable Partners, stated that the market is only just startin ...

The global offshore wind market is booming. In 2023, its value was estimated at $42.43 billion. By 2028, Business Research Company expects it to nearly double, reaching $89.94 billion, with a compound annual growth rate of 15.9%. Data Bridge Market Research projects even more impressive growth, predicting the market will soar to $124.40 billion by 2031 with a CAGR of 14.4%. This remarkable expansion is fueled by rising investments in renewable energy, cutting-edge technological advancements, and supportive ...

Shares of this oil and natural gas transportation and power transmission company have returned -2.6% over the past month versus the Zacks S&P 500 composite's +4.6% change. The Zacks Oil and Gas - Production and Pipelines industry, to which Enbridge belongs, has gained 2.1% over this period. Now the key question is: Where could the stock be headed in the near term? Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe ...

If you are looking to add some income to your portfolio in June, consider Enterprise Product Partners and Enbridge. There's one additional caveat, but it relates to both of these midstream giants. The yield is likely to make up the lion's share of your return over time. That's not going to upset dividend investors who are trying to maximize their passive income stream, but it is worth noting. Growth of the disbursements here will likely be in the low- to-mid single digits over time, driven by contractual ra ...

Analysts and investors have observed that during recent earnings calls, natural gas and oil pipeline companies have addressed the rising demand for electricity driven by data centers processing AI applications. With natural gas continuing to contribute significantly to electricity generation in the United States, it is interesting to analyze how midstream energy stocks with extensive natural gas pipeline networks are poised to gain. As the popularity of AI data centers continues to soar in the forthcoming y ...

Incremental income and visible earnings growth Enbridge secured these utility acquisitions at historically attractive valuation multiples. Because of that, it expects the utilities will be accretive to its distributable cash flow per share in the first full year of ownership. With two of the three deals now closed, they'll supply Enbridge with incremental earnings and cash flow in 2024, with the full benefit expected in 2025. Enbridge has now closed two of the three natural gas utilities it plans to acquire ...

These companies still offer compelling yields despite the market's continued rally. The S&P 500 has enjoyed a nearly unrelenting rally over the past year. It's up nearly 10% in 2024 and has surged almost 24% over the past 12 months. That has the broad-market index routinely setting new all-time highs. The S&P 500's rally also has it trading at a high-valuation multiple (more than 20 times its price-to-earnings (P/E) ratio) and low-dividend yield (around 1.3%), making it harder to find values and compelling ...

Cimmerian Usually, high-yielding dividend stocks are associated with limited growth prospects and relatively elevated financial or business risk. The theory behind this is that, mathematically, to offer an attractive yield, the multiple (or price) has to be low against which the current income streams could be material enough to generate tangible yield. The multiple, in turn, is low when there is not a huge growth potential (i.e., the future cash flow profile is flat) or there is just too much uncertainty a ...

More than 4.5 million customers in 13 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to providing reliable, affordable, and increasingly clean energy every day and to achieving Net Zero emissions by 2050. Please visit DominionEnergy.com to learn more. SOURCE Dominion Energy Questar Gas Company, with more than 21,000 system miles, serves 1.2 million customer accounts in Utah, Wyoming, and Idaho ...

CALGARY, AB, June 3, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") announced today the closing of its acquisition of the Questar Gas Company ("Questar Gas") and its related Wexpro companies ("Wexpro" and collectively with Questar Gas, "Questar") from Dominion Energy, Inc. ("Dominion"). The Questar Gas utility will be doing business in Utah as Enbridge Gas Utah, in Wyoming as Enbridge Gas Wyoming, and in Idaho as Enbridge Gas Idaho. Questar will join Enbridge's Gas Di ...