KEN vs. CIG, IDA, POR, ORA, AQN, ENIC, BKH, ELP, OTTR, and PNM
Should you be buying Kenon stock or one of its competitors? The main competitors of Kenon include CEMIG (CIG), IDACORP (IDA), Portland General Electric (POR), Ormat Technologies (ORA), Algonquin Power & Utilities (AQN), Enel Chile (ENIC), Black Hills (BKH), Companhia Paranaense de Energia - COPEL (ELP), Otter Tail (OTTR), and PNM Resources (PNM). These companies are all part of the "electric services" industry.
CEMIG (NYSE:CIG) and Kenon (NYSE:KEN) are both utilities companies, but which is the better stock? We will compare the two businesses based on the strength of their profitability, dividends, media sentiment, risk, institutional ownership, valuation, earnings, community ranking and analyst recommendations.
13.4% of Kenon shares are held by institutional investors. 0.1% of Kenon shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
CEMIG currently has a consensus target price of $2.12, suggesting a potential upside of 13.73%. Given Kenon's higher probable upside, research analysts plainly believe CEMIG is more favorable than Kenon.
CEMIG has higher revenue and earnings than Kenon. Kenon is trading at a lower price-to-earnings ratio than CEMIG, indicating that it is currently the more affordable of the two stocks.
In the previous week, CEMIG and CEMIG both had 1 articles in the media. CEMIG's average media sentiment score of 0.63 beat Kenon's score of 0.12 indicating that Kenon is being referred to more favorably in the news media.
CEMIG received 146 more outperform votes than Kenon when rated by MarketBeat users. Likewise, 58.37% of users gave CEMIG an outperform vote while only 58.33% of users gave Kenon an outperform vote.
CEMIG pays an annual dividend of $0.18 per share and has a dividend yield of 9.7%. Kenon pays an annual dividend of $3.80 per share and has a dividend yield of 14.9%. CEMIG pays out 45.0% of its earnings in the form of a dividend. Kenon pays out -86.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Kenon is clearly the better dividend stock, given its higher yield and lower payout ratio.
CEMIG has a net margin of 14.81% compared to CEMIG's net margin of -34.10%. Kenon's return on equity of 22.80% beat CEMIG's return on equity.
CEMIG has a beta of 1.23, suggesting that its share price is 23% more volatile than the S&P 500. Comparatively, Kenon has a beta of 1.45, suggesting that its share price is 45% more volatile than the S&P 500.
Summary
CEMIG beats Kenon on 11 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding KEN and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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