ALE vs. PNW, OGE, IDA, POR, OTTR, PNM, MGEE, ARRY, HE, and UTL
Should you be buying ALLETE stock or one of its competitors? The main competitors of ALLETE include Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), Portland General Electric (POR), Otter Tail (OTTR), PNM Resources (PNM), MGE Energy (MGEE), Array Technologies (ARRY), Hawaiian Electric Industries (HE), and Unitil (UTL). These companies are all part of the "electric utilities" industry.
Pinnacle West Capital (NYSE:PNW) and ALLETE (NYSE:ALE) are both mid-cap utilities companies, but which is the better stock? We will compare the two companies based on the strength of their analyst recommendations, profitability, media sentiment, institutional ownership, community ranking, risk, valuation, earnings and dividends.
In the previous week, Pinnacle West Capital had 10 more articles in the media than ALLETE. MarketBeat recorded 14 mentions for Pinnacle West Capital and 4 mentions for ALLETE. Pinnacle West Capital's average media sentiment score of 1.17 beat ALLETE's score of 1.07 indicating that ALLETE is being referred to more favorably in the news media.
Pinnacle West Capital presently has a consensus target price of $76.04, suggesting a potential upside of 0.46%. ALLETE has a consensus target price of $60.40, suggesting a potential downside of 3.97%. Given ALLETE's stronger consensus rating and higher possible upside, analysts plainly believe Pinnacle West Capital is more favorable than ALLETE.
Pinnacle West Capital has a beta of 0.5, meaning that its stock price is 50% less volatile than the S&P 500. Comparatively, ALLETE has a beta of 0.79, meaning that its stock price is 21% less volatile than the S&P 500.
91.5% of Pinnacle West Capital shares are owned by institutional investors. Comparatively, 76.6% of ALLETE shares are owned by institutional investors. 0.2% of Pinnacle West Capital shares are owned by company insiders. Comparatively, 0.2% of ALLETE shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Pinnacle West Capital received 100 more outperform votes than ALLETE when rated by MarketBeat users. However, 51.91% of users gave ALLETE an outperform vote while only 42.05% of users gave Pinnacle West Capital an outperform vote.
Pinnacle West Capital has higher revenue and earnings than ALLETE. ALLETE is trading at a lower price-to-earnings ratio than Pinnacle West Capital, indicating that it is currently the more affordable of the two stocks.
ALLETE has a net margin of 13.94% compared to ALLETE's net margin of 11.09%. ALLETE's return on equity of 8.29% beat Pinnacle West Capital's return on equity.
Pinnacle West Capital pays an annual dividend of $3.52 per share and has a dividend yield of 4.7%. ALLETE pays an annual dividend of $2.82 per share and has a dividend yield of 4.5%. Pinnacle West Capital pays out 76.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. ALLETE pays out 67.8% of its earnings in the form of a dividend. ALLETE has raised its dividend for 1 consecutive years.
Summary
Pinnacle West Capital beats ALLETE on 12 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ALE 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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