|Bid||70.47 x 0|
|Ask||70.51 x 0|
|Day's Range||69.79 - 70.51|
|52 Week Range||49.87 - 72.28|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||24.22|
|Forward Dividend & Yield||0.85 (1.21%)|
|1y Target Est||N/A|
Your portfolio could join the world's largest sovereign wealth fund with investments in Royal Bank of Canada (TSX:RY)(NYSE:RY) and Brookfield Asset Management (TSX:BAM.A)(NYSE:BAM).
(Bloomberg) -- Brookfield Asset Management Inc. is considering selling its stake in Wind Energy Transmission Texas, which could fetch $400 million to $500 million, according to people familiar with the matter.The Toronto-based alternative asset manager is working with financial advisers to seek buyers for its 50% stake in the company, said the people, who asked to not be identified because the matter isn’t public.Brookfield owns the electrical transmission-line operator with PSP Investments, the Canadian pension fund.No deal has been reached and Brookfield may choose to hold onto the stake, they said.A representative for Brookfield declined to comment. Representative for WETT and PSP didn’t respond to requests for comment.WETT, based in Austin, Texas, has 375 miles of transmission lines and six switching stations, according to its website.The sale would be the latest in a flurry of infrastructure deals for Brookfield. Its affiliate, Brookfield Infrastructure Partners, said in August it had four ongoing sales processes as part of its asset recycling program. In February, it sold its stake in a Chilean toll road business.It said at the time it intended to use proceeds from the sales to invest in new businesses, including U.S. railroad Genesee & Wyoming Inc., which it agreed to buy $6.3 billion in July in partnership with GIC Pte Ltd., the Singapore sovereign wealth fund.To contact the reporters on this story: Gillian Tan in New York at firstname.lastname@example.org;Scott Deveau in New York at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, ;Alan Goldstein at email@example.com, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Watchlists are a simple tool investors should utilize to watch top companies like Brookfield Asset Management Inc (TSX:BAM.A)(NYSE:BAM) and wait for a pull back in the stock.
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (16,694.27, down 96.13 points).The Bank of Nova Scotia. (TSX:BNS). Financials. Up 11 cents, or 0.14 per cent, to $76.25 on 6.6 million shares.Encana Corp. (TSX:ECA). Energy. Down two cents, or 0.33 per cent, to $6.11 on 6.1 million shares.New Gold Inc. (TSX:NGD). Materials. Down 13 cents, or 8.5 per cent, to $1.40 on 5.6 million shares.Yamana Gold Inc. (TSX:YRI). Materials. Down 14 cents, or 3.13 per cent, to $4.33 on 5.5 million shares.B2Gold Corp. (TSX:BTO). Materials. Down 10 cents, or 2.24 per cent, to $4.36 on 5.4 million shares.Brookfield Asset Management Inc. (TSX:BAM.A). Financials. Down 23 cents, or 0.32 per cent, to $71.45 on 5.3 million shares. Companies in the news:Alimentation Couche-Tard Inc. (TSX:ATD.B). Down $1.34 to $80.66. A growing move to ban flavoured e-cigarettes due to health concerns particularly in youth could actually benefit convenience stores in the long run, say retail analysts. Bonnie Herzog of Wells Fargo Securities says a majority of retailers surveyed believe the removal of e-cigarettes would migrate smokers to combustible cigarettes that represent a larger portion of convenience store sales. Couche-Tard CEO Brian Hannasch says these products aren't currently "material" to the company's revenues and it's OK with a ban for youth as long as the decision is done in a "thoughtful fashion and based on facts."ARC Resources Ltd. (TSX:ARX). Up two cents to $6.52. Oil and gas industry insiders say demands by organizers of Friday's Global Climate Strike to transition swiftly away from fossil fuels to 100 per cent renewable energy are naive and unrealistic. But the leaders reached on the sidelines of the Global Business Forum in Banff add they support the right of participants to draw attention to the issue and applaud their emotional commitment. Hal Kvisle, chairman of ARC Resources Ltd. says the protests raise the "emotional urgency" of the situation but unfortunately don't offer any solutions on how to end the current global demand for about 100 million barrels per day of oil. This report by The Canadian Press was first published Sept. 27, 2019.The Canadian Press
If you're retired, income stocks like Brookfield Renewable Partners L.P. (TSX:BEP.UN)(NYSE:BEP) can give you a reliable stream of cash with long-term growth upside.