FTS vs. H, EMA, BIP.UN, BEP.UN, CUP.U, CU, AQN, BEPC, BIPC, and NPI
Should you be buying Fortis stock or one of its competitors? The main competitors of Fortis include Hydro One (H), Emera (EMA), Brookfield Infrastructure Partners (BIP.UN), Brookfield Renewable Partners (BEP.UN), Caribbean Utilities (CUP.U), Canadian Utilities (CU), Algonquin Power & Utilities (AQN), Brookfield Renewable (BEPC), Brookfield Infrastructure (BIPC), and Northland Power (NPI). These companies are all part of the "utilities" sector.
Hydro One (TSE:H) and Fortis (TSE:FTS) are both large-cap utilities companies, but which is the superior business? We will compare the two companies based on the strength of their valuation, analyst recommendations, risk, media sentiment, dividends, earnings, institutional ownership, community ranking and profitability.
Hydro One has a beta of 0.31, indicating that its share price is 69% less volatile than the S&P 500. Comparatively, Fortis has a beta of 0.17, indicating that its share price is 83% less volatile than the S&P 500.
Fortis has higher revenue and earnings than Hydro One. Fortis is trading at a lower price-to-earnings ratio than Hydro One, indicating that it is currently the more affordable of the two stocks.
In the previous week, Fortis had 13 more articles in the media than Hydro One. MarketBeat recorded 28 mentions for Fortis and 15 mentions for Hydro One. Hydro One's average media sentiment score of 0.30 beat Fortis' score of 0.23 indicating that Fortis is being referred to more favorably in the news media.
Hydro One currently has a consensus target price of C$39.56, indicating a potential upside of 1.55%. Fortis has a consensus target price of C$56.88, indicating a potential upside of 4.19%. Given Hydro One's higher probable upside, analysts clearly believe Fortis is more favorable than Hydro One.
Hydro One pays an annual dividend of C$1.19 per share and has a dividend yield of 3.1%. Fortis pays an annual dividend of C$2.36 per share and has a dividend yield of 4.3%. Hydro One pays out 65.7% of its earnings in the form of a dividend. Fortis pays out 76.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
Fortis received 235 more outperform votes than Hydro One when rated by MarketBeat users. Likewise, 67.73% of users gave Fortis an outperform vote while only 65.11% of users gave Hydro One an outperform vote.
22.3% of Hydro One shares are held by institutional investors. Comparatively, 58.2% of Fortis shares are held by institutional investors. 47.2% of Hydro One shares are held by company insiders. Comparatively, 0.0% of Fortis shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
Hydro One has a net margin of 13.83% compared to Hydro One's net margin of 13.66%. Fortis' return on equity of 9.45% beat Hydro One's return on equity.
Summary
Fortis beats Hydro One on 10 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding FTS 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 TSE 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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