KEN vs. CIG, CWEN, BEPC, IDA, POR, AQN, ORA, BKH, ELP, and OTTR
Should you be buying Kenon stock or one of its competitors? The main competitors of Kenon include CEMIG (CIG), Clearway Energy (CWEN), Brookfield Renewable (BEPC), IDACORP (IDA), Portland General Electric (POR), Algonquin Power & Utilities (AQN), Ormat Technologies (ORA), Black Hills (BKH), Companhia Paranaense de Energia - COPEL (ELP), and Otter Tail (OTTR). These companies are all part of the "electric services" industry.
Kenon (NYSE:KEN) and CEMIG (NYSE:CIG) are both utilities companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, community ranking, media sentiment, valuation, dividends, profitability, earnings, analyst recommendations and risk.
13.4% of Kenon shares are held by institutional investors. 0.1% of Kenon shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
CEMIG has higher revenue and earnings than Kenon. Kenon is trading at a lower price-to-earnings ratio than CEMIG, indicating that it is currently the more affordable of the two stocks.
CEMIG received 146 more outperform votes than Kenon when rated by MarketBeat users. Likewise, 58.37% of users gave CEMIG an outperform vote while only 57.99% of users gave Kenon an outperform vote.
In the previous week, Kenon and Kenon both had 3 articles in the media. Kenon's average media sentiment score of 0.55 beat CEMIG's score of -0.01 indicating that Kenon is being referred to more favorably in the media.
Kenon has a beta of 1.45, suggesting that its stock price is 45% more volatile than the S&P 500. Comparatively, CEMIG has a beta of 1.29, suggesting that its stock price is 29% more volatile than the S&P 500.
CEMIG has a consensus target price of $2.12, suggesting a potential upside of 13.73%. Given CEMIG's higher probable upside, analysts clearly believe CEMIG is more favorable than Kenon.
Kenon pays an annual dividend of $3.80 per share and has a dividend yield of 14.7%. CEMIG pays an annual dividend of $0.17 per share and has a dividend yield of 9.1%. Kenon pays out -92.0% of its earnings in the form of a dividend. CEMIG pays out 42.5% 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. Kenon is clearly the better dividend stock, given its higher yield and lower payout ratio.
CEMIG has a net margin of 14.81% compared to Kenon's net margin of -30.60%. CEMIG's return on equity of 22.54% beat Kenon's return on equity.
Summary
CEMIG beats Kenon on 11 of the 18 factors compared between the two stocks.
Get Kenon News Delivered to You Automatically
Sign up to receive the latest news and ratings for KEN and its competitors with MarketBeat's FREE daily newsletter.
This chart shows the number of new MarketBeat users adding KEN 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.
Related Companies and Tools
