MGEE vs. CWT, AVA, MYRG, AWR, PRMW, NWE, PAM, CPK, PNM, and SR
Should you be buying MGE Energy stock or one of its competitors? The main competitors of MGE Energy include California Water Service Group (CWT), Avista (AVA), MYR Group (MYRG), American States Water (AWR), Primo Water (PRMW), NorthWestern Energy Group (NWE), Pampa Energía (PAM), Chesapeake Utilities (CPK), PNM Resources (PNM), and Spire (SR). These companies are all part of the "utilities" sector.
MGE Energy (NASDAQ:MGEE) and California Water Service Group (NYSE:CWT) are both mid-cap utilities companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, valuation, community ranking, dividends, risk, profitability, analyst recommendations, media sentiment and institutional ownership.
California Water Service Group received 61 more outperform votes than MGE Energy when rated by MarketBeat users. However, 55.81% of users gave MGE Energy an outperform vote while only 53.79% of users gave California Water Service Group an outperform vote.
In the previous week, California Water Service Group had 12 more articles in the media than MGE Energy. MarketBeat recorded 14 mentions for California Water Service Group and 2 mentions for MGE Energy. MGE Energy's average media sentiment score of 1.24 beat California Water Service Group's score of 0.59 indicating that MGE Energy is being referred to more favorably in the media.
MGE Energy currently has a consensus price target of $62.00, indicating a potential downside of 22.41%. California Water Service Group has a consensus price target of $54.25, indicating a potential upside of 7.28%. Given California Water Service Group's stronger consensus rating and higher possible upside, analysts plainly believe California Water Service Group is more favorable than MGE Energy.
MGE Energy pays an annual dividend of $1.71 per share and has a dividend yield of 2.1%. California Water Service Group pays an annual dividend of $1.12 per share and has a dividend yield of 2.2%. MGE Energy pays out 52.6% of its earnings in the form of a dividend. California Water Service Group pays out 44.8% 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. California Water Service Group is clearly the better dividend stock, given its higher yield and lower payout ratio.
MGE Energy has higher earnings, but lower revenue than California Water Service Group. California Water Service Group is trading at a lower price-to-earnings ratio than MGE Energy, indicating that it is currently the more affordable of the two stocks.
MGE Energy has a beta of 0.72, meaning that its stock price is 28% less volatile than the S&P 500. Comparatively, California Water Service Group has a beta of 0.47, meaning that its stock price is 53% less volatile than the S&P 500.
52.6% of MGE Energy shares are held by institutional investors. Comparatively, 82.8% of California Water Service Group shares are held by institutional investors. 0.2% of MGE Energy shares are held by company insiders. Comparatively, 0.9% of California Water Service Group shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
MGE Energy has a net margin of 17.05% compared to California Water Service Group's net margin of 15.42%. MGE Energy's return on equity of 10.49% beat California Water Service Group's return on equity.
Summary
MGE Energy and California Water Service Group tied by winning 10 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding MGEE 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 NASDAQ 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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