Q: I want to consolidate my holdings in ENB to FOR or vice-versa. I would like to get your comments.
5i Research Answer:
FTS is an electrical distributor and thus is likely less risky than ENB, as an energy infrastructure company. Valuations are similar. ENB has a higher yield and is slightly outperforming this year. Dividend growth rates are similar. For a very conservative investor we would side with FTS. But if not we would be fine with a consolidation into ENB.