Top 5 Stock Picks of NewGen Asset Management

In this article, we discuss the top 5 stock picks of David Dattels’ NewGen Asset Management. If you want to read our detailed analysis of Dattels’ history and hedge fund performance, go directly to Top 10 Stock Picks of NewGen Asset Management.

5. TC Energy Corporation (NYSE:TRP)

NewGen Asset Management’s Stake Value: $7.38 million

Percentage of NewGen Asset Management’s 13F Portfolio: 4.14%

Number of Hedge Fund Holders: 15

TC Energy Corporation (NYSE:TRP) is an energy company that operates natural gas and liquids pipelines across Canada, the United States, and Mexico. The company transports more than 25% of North America’s natural gas through its 57,500 miles of pipeline. The liquids pipeline transports close to 600,000 barrels of crude oil per day through a 3000-mile oil pipeline. The energy sector of TC Energy Corporation (NYSE:TRP) owns facilities that generate more than 6,500 MW through nuclear and natural gas sources.

TC Energy Corporation (NYSE:TRP) recently announced its collaboration with Hyzon Motors Inc. (NASDAQ:HYZN) on the development and operation of hydrogen production facilities across North America. TC Energy Corporation (NYSE:TRP) is set to operate the hubs, which will produce around 20 tons of hydrogen per hub each day.

TC Energy Corporation (NYSE:TRP) represents 4.14% of NewGen Asset Management’s portfolio. The fund owns 153,500 shares of the company, worth $7.38 million.