H vs. FTS, EMA, CUP.U, KWH.UN, BIP.UN, BEP.UN, BEPC, CU, BIPC, and NPI
Should you be buying Hydro One stock or one of its competitors? The main competitors of Hydro One include Fortis (FTS), Emera (EMA), Caribbean Utilities (CUP.U), Crius Energy Unt (KWH.UN), Brookfield Infrastructure Partners (BIP.UN), Brookfield Renewable Partners (BEP.UN), Brookfield Renewable (BEPC), Canadian Utilities (CU), Brookfield Infrastructure (BIPC), and Northland Power (NPI). These companies are all part of the "utilities" sector.
Fortis (TSE:FTS) and Hydro One (TSE:H) are both large-cap utilities companies, but which is the superior business? We will compare the two businesses based on the strength of their earnings, profitability, analyst recommendations, dividends, media sentiment, risk, valuation, institutional ownership and community ranking.
Fortis has higher revenue and earnings than Hydro One. Fortis is trading at a lower price-to-earnings ratio than Hydro One, indicating that it is currently the more affordable of the two stocks.
Fortis has a beta of 0.18, suggesting that its share price is 82% less volatile than the S&P 500. Comparatively, Hydro One has a beta of 0.29, suggesting that its share price is 71% less volatile than the S&P 500.
58.0% of Fortis shares are held by institutional investors. Comparatively, 21.9% of Hydro One shares are held by institutional investors. 0.0% of Fortis shares are held by company insiders. Comparatively, 47.1% of Hydro One shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Fortis has a net margin of 14.11% compared to Fortis' net margin of 13.81%. Fortis' return on equity of 9.45% beat Hydro One's return on equity.
Fortis received 235 more outperform votes than Hydro One when rated by MarketBeat users. Likewise, 67.67% of users gave Fortis an outperform vote while only 64.93% of users gave Hydro One an outperform vote.
In the previous week, Hydro One had 3 more articles in the media than Fortis. MarketBeat recorded 6 mentions for Hydro One and 3 mentions for Fortis. Fortis' average media sentiment score of 0.75 beat Hydro One's score of 0.48 indicating that Hydro One is being referred to more favorably in the news media.
Fortis currently has a consensus target price of C$57.38, suggesting a potential upside of 5.26%. Hydro One has a consensus target price of C$39.83, suggesting a potential upside of 1.46%. Given Hydro One's higher probable upside, equities research analysts clearly believe Fortis is more favorable than Hydro One.
Fortis pays an annual dividend of C$2.36 per share and has a dividend yield of 4.3%. Hydro One pays an annual dividend of C$1.26 per share and has a dividend yield of 3.2%. Fortis pays out 75.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Hydro One pays out 68.9% of its earnings in the form of a dividend.
Summary
Hydro One beats Fortis on 10 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding H 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 TSE 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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