07:53 AM EDT, 08/23/2024 (MT Newswires) -- National Bank of Canada on Thursday added AltaGas ( ATGFF ) , TC Energy ( TRP ) , TransAlta ( TAC ) , Gibson Energy ( GBNXF ) and Secure Energy Services ( SECYF ) to its top company picks for its pipelines, utilities and energy infrastructure coverage.

National Bank also highlighted further upside potential for TC Energy ( TRP ), Enbridge ( ENB ) , Gibson, Canadian Utilities ( CDUTF ) and Emera ( EMRAF ) .

Hydro One ( HRNNF ) , Fortis ( FTS ) , Capital Power ( CPXWF ) , Pembina Pipeline ( PBA ) and Keyera ( KEYUF ) are leading the implied downside screening exercise, according to National Bank.

"We continue to reiterate the highly contracted and rate regulated return nature of the sub-sectors, providing shelter from inflationary pressures through escalators, supporting valuations amidst ongoing market volatility related to interest rate cut expectations, ongoing regulatory/political uncertainty and the upcoming U.S. election in November," the bank said.