BEP vs. OGE, IDA, POR, AQN, ENIC, ELP, BKH, PNW, OTTR, and PNM
Should you be buying Brookfield Renewable Partners stock or one of its competitors? The main competitors of Brookfield Renewable Partners include OGE Energy (OGE), IDACORP (IDA), Portland General Electric (POR), Algonquin Power & Utilities (AQN), Enel Chile (ENIC), Companhia Paranaense de Energia - COPEL (ELP), Black Hills (BKH), Pinnacle West Capital (PNW), Otter Tail (OTTR), and PNM Resources (PNM). These companies are all part of the "electric services" industry.
Brookfield Renewable Partners (NYSE:BEP) and OGE Energy (NYSE:OGE) are both mid-cap utilities companies, but which is the superior stock? We will contrast the two businesses based on the strength of their profitability, institutional ownership, risk, valuation, analyst recommendations, media sentiment, community ranking, dividends and earnings.
Brookfield Renewable Partners pays an annual dividend of $1.01 per share and has a dividend yield of 4.1%. OGE Energy pays an annual dividend of $1.67 per share and has a dividend yield of 4.8%. Brookfield Renewable Partners pays out -315.6% of its earnings in the form of a dividend. OGE Energy pays out 80.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
63.2% of Brookfield Renewable Partners shares are held by institutional investors. Comparatively, 71.8% of OGE Energy shares are held by institutional investors. 0.5% of OGE Energy shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
OGE Energy has lower revenue, but higher earnings than Brookfield Renewable Partners. Brookfield Renewable Partners is trading at a lower price-to-earnings ratio than OGE Energy, indicating that it is currently the more affordable of the two stocks.
Brookfield Renewable Partners received 161 more outperform votes than OGE Energy when rated by MarketBeat users. Likewise, 61.47% of users gave Brookfield Renewable Partners an outperform vote while only 50.96% of users gave OGE Energy an outperform vote.
Brookfield Renewable Partners presently has a consensus target price of $30.50, indicating a potential upside of 25.31%. OGE Energy has a consensus target price of $33.40, indicating a potential downside of 4.38%. Given Brookfield Renewable Partners' stronger consensus rating and higher probable upside, analysts clearly believe Brookfield Renewable Partners is more favorable than OGE Energy.
In the previous week, OGE Energy had 20 more articles in the media than Brookfield Renewable Partners. MarketBeat recorded 29 mentions for OGE Energy and 9 mentions for Brookfield Renewable Partners. OGE Energy's average media sentiment score of 0.34 beat Brookfield Renewable Partners' score of -0.10 indicating that OGE Energy is being referred to more favorably in the news media.
OGE Energy has a net margin of 15.59% compared to Brookfield Renewable Partners' net margin of 12.23%. OGE Energy's return on equity of 9.37% beat Brookfield Renewable Partners' return on equity.
Brookfield Renewable Partners has a beta of 0.83, meaning that its share price is 17% less volatile than the S&P 500. Comparatively, OGE Energy has a beta of 0.72, meaning that its share price is 28% less volatile than the S&P 500.
Summary
OGE Energy beats Brookfield Renewable Partners on 12 of the 21 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding BEP 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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