OTTR vs. PNM, ORA, POR, IDA, AY, EE, HE, OGE, OPTT, and PNW
Should you be buying Otter Tail stock or one of its competitors? The main competitors of Otter Tail include PNM Resources (PNM), Ormat Technologies (ORA), Portland General Electric (POR), IDACORP (IDA), Atlantica Sustainable Infrastructure (AY), Excelerate Energy (EE), Hawaiian Electric Industries (HE), OGE Energy (OGE), Ocean Power Technologies (OPTT), and Pinnacle West Capital (PNW).
PNM Resources (NYSE:PNM) and Otter Tail (NASDAQ:OTTR) are both mid-cap utilities companies, but which is the superior business? We will contrast the two businesses based on the strength of their dividends, earnings, profitability, community ranking, institutional ownership, media sentiment, analyst recommendations, valuation and risk.
PNM Resources currently has a consensus price target of $46.80, indicating a potential upside of 28.85%. Otter Tail has a consensus price target of $68.00, indicating a potential downside of 19.60%. Given Otter Tail's stronger consensus rating and higher probable upside, research analysts clearly believe PNM Resources is more favorable than Otter Tail.
Otter Tail has lower revenue, but higher earnings 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.
91.7% of PNM Resources shares are held by institutional investors. Comparatively, 61.3% of Otter Tail shares are held by institutional investors. 1.3% of PNM Resources shares are held by company insiders. Comparatively, 2.3% of Otter Tail shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
PNM Resources pays an annual dividend of $1.55 per share and has a dividend yield of 4.3%. Otter Tail pays an annual dividend of $1.87 per share and has a dividend yield of 2.2%. PNM Resources pays out 150.5% 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 pays out 26.7% of its earnings in the form of a dividend. PNM Resources has increased its dividend for 13 consecutive years and Otter Tail has increased its dividend for 11 consecutive years. PNM Resources is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Otter Tail has a net margin of 21.81% compared to Otter Tail's net margin of 4.54%. PNM Resources' return on equity of 21.64% beat Otter Tail's return on equity.
PNM Resources has a beta of 0.35, meaning that its stock price is 65% less volatile than the S&P 500. Comparatively, Otter Tail has a beta of 0.56, meaning that its stock price is 44% less volatile than the S&P 500.
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.
In the previous week, PNM Resources and PNM Resources both had 6 articles in the media. Otter Tail's average media sentiment score of 1.10 beat PNM Resources' score of 0.28 indicating that PNM Resources is being referred to more favorably in the media.
Summary
PNM Resources beats Otter Tail on 11 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding OTTR 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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