Power Corporation of Canada is a holding company with interests focused primarily in the insurance and investment management industries alongside utility holdings, including green energy. POW also has minor assets in resource sectors. This stock represents a very diversified holding, reducing volatility, with the added bonus of a juicy 4.89% dividend at its current price of $27.42. Trying to achieve this same cash flow by investing in other companies within the industry would be a challenge, and POW is off its 52-week high of $32.65 by just over 15%, allowing for a good entry. The forward PE ratio is a very low 8.52, although historically, this stock has not had high PE ratios.
Disclosure: I do not personally own POW.