RE:ATH's?Given the investments that they are making to grow future revenues, I believe that the current SP growth is warranted. In their most recent quarterly report (May 5th) they reafirmed that their capital investment projects continue to run ahead of schedule and that they are on track to grow revenues as outlined below:
"Looking ahead, the company's C$19.6 billion five-year capital plan is expected to increase midyear rate base to C$36.4 billion by 2023 and C$40.3 billion by 2025 from C$30.5 billion in 2020."
These increases in the top line, bode well for EPS growth and support their plan to grow the dividend by 6% per year through 2025.
Good luck!
-GBG