PNM vs. OTTR, POR, IDA, HE, OGE, PNW, BKH, ENIC, ELP, and PAM
Should you be buying PNM Resources stock or one of its competitors? The main competitors of PNM Resources include Otter Tail (OTTR), Portland General Electric (POR), IDACORP (IDA), Hawaiian Electric Industries (HE), OGE Energy (OGE), Pinnacle West Capital (PNW), Black Hills (BKH), Enel Chile (ENIC), Companhia Paranaense de Energia - COPEL (ELP), and Pampa Energía (PAM). These companies are all part of the "electric services" industry.
Otter Tail (NASDAQ:OTTR) and PNM Resources (NYSE:PNM) are both mid-cap utilities companies, but which is the better stock? We will contrast the two companies based on the strength of their earnings, community ranking, institutional ownership, valuation, risk, dividends, profitability, media sentiment and analyst recommendations.
Otter Tail has a beta of 0.56, indicating that its stock price is 44% less volatile than the S&P 500. Comparatively, PNM Resources has a beta of 0.35, indicating that its stock price is 65% less volatile than the S&P 500.
61.3% of Otter Tail shares are owned by institutional investors. Comparatively, 91.7% of PNM Resources shares are owned by institutional investors. 2.3% of Otter Tail shares are owned by insiders. Comparatively, 1.3% of PNM Resources shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
In the previous week, Otter Tail had 20 more articles in the media than PNM Resources. MarketBeat recorded 23 mentions for Otter Tail and 3 mentions for PNM Resources. Otter Tail's average media sentiment score of 1.08 beat PNM Resources' score of 0.46 indicating that PNM Resources is being referred to more favorably in the news media.
PNM Resources has a consensus target price of $46.80, indicating a potential upside of 23.42%. Given Otter Tail's higher probable upside, analysts plainly believe PNM Resources is more favorable than Otter Tail.
Otter Tail has a net margin of 22.55% compared to Otter Tail's net margin of 4.38%. PNM Resources' return on equity of 22.00% beat Otter Tail's return on equity.
Otter Tail pays an annual dividend of $1.87 per share and has a dividend yield of 2.0%. PNM Resources pays an annual dividend of $1.55 per share and has a dividend yield of 4.1%. Otter Tail pays out 25.7% of its earnings in the form of a dividend. PNM Resources pays out 170.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Otter Tail has raised its dividend for 11 consecutive years and PNM Resources has raised its dividend for 13 consecutive years. PNM Resources is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Otter Tail has higher earnings, but lower revenue than PNM Resources. Otter Tail is trading at a lower price-to-earnings ratio than PNM Resources, indicating that it is currently the more affordable of the two stocks.
PNM Resources received 152 more outperform votes than Otter Tail when rated by MarketBeat users. Likewise, 60.63% of users gave PNM Resources an outperform vote while only 60.10% of users gave Otter Tail an outperform vote.
Summary
Otter Tail and PNM Resources 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 PNM 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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