KEN vs. IDA, AQN, POR, ORA, ENIC, ELP, OTTR, BKH, PNM, and NEP
Should you be buying Kenon stock or one of its competitors? The main competitors of Kenon include IDACORP (IDA), Algonquin Power & Utilities (AQN), Portland General Electric (POR), Ormat Technologies (ORA), Enel Chile (ENIC), Companhia Paranaense de Energia - COPEL (ELP), Otter Tail (OTTR), Black Hills (BKH), PNM Resources (PNM), and NextEra Energy Partners (NEP). These companies are all part of the "electric services" industry.
IDACORP (NYSE:IDA) and Kenon (NYSE:KEN) are both utilities companies, but which is the superior business? We will compare the two companies based on the strength of their media sentiment, earnings, institutional ownership, profitability, community ranking, valuation, analyst recommendations, risk and dividends.
IDACORP has higher revenue and earnings than Kenon. Kenon is trading at a lower price-to-earnings ratio than IDACORP, indicating that it is currently the more affordable of the two stocks.
In the previous week, IDACORP had 14 more articles in the media than Kenon. MarketBeat recorded 15 mentions for IDACORP and 1 mentions for Kenon. IDACORP's average media sentiment score of 0.63 beat Kenon's score of 0.29 indicating that Kenon is being referred to more favorably in the news media.
IDACORP pays an annual dividend of $3.32 per share and has a dividend yield of 3.5%. Kenon pays an annual dividend of $3.80 per share and has a dividend yield of 15.0%. IDACORP pays out 66.7% 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. IDACORP has raised its dividend for 12 consecutive years. Kenon is clearly the better dividend stock, given its higher yield and lower payout ratio.
IDACORP received 106 more outperform votes than Kenon when rated by MarketBeat users. However, 58.33% of users gave Kenon an outperform vote while only 50.25% of users gave IDACORP an outperform vote.
IDACORP presently has a consensus target price of $97.40, indicating a potential upside of 2.03%. Given Kenon's higher possible upside, research analysts clearly believe IDACORP is more favorable than Kenon.
89.1% of IDACORP shares are owned by institutional investors. Comparatively, 13.4% of Kenon shares are owned by institutional investors. 0.5% of IDACORP shares are owned by insiders. Comparatively, 0.1% of Kenon shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
IDACORP has a net margin of 14.18% compared to IDACORP's net margin of -34.10%. Kenon's return on equity of 8.71% beat IDACORP's return on equity.
IDACORP has a beta of 0.55, indicating that its stock price is 45% less volatile than the S&P 500. Comparatively, Kenon has a beta of 1.45, indicating that its stock price is 45% more volatile than the S&P 500.
Summary
IDACORP beats Kenon on 14 of the 19 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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