FTS vs. H, EMA, BIP.UN, BEP.UN, CUP.U, CU, NPI, AQN, BEPC, and BIPC
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), Northland Power (NPI), Algonquin Power & Utilities (AQN), Brookfield Renewable (BEPC), and Brookfield Infrastructure (BIPC). These companies are all part of the "utilities" sector.
Fortis (TSE:FTS) and Hydro One (TSE:H) are both large-cap utilities companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, profitability, analyst recommendations, media sentiment, community ranking, valuation, earnings, risk and dividends.
In the previous week, Hydro One had 2 more articles in the media than Fortis. MarketBeat recorded 10 mentions for Hydro One and 8 mentions for Fortis. Fortis' average media sentiment score of 0.11 beat Hydro One's score of 0.10 indicating that Fortis is being referred to more favorably in the media.
Fortis has a beta of 0.17, suggesting that its share price is 83% less volatile than the S&P 500. Comparatively, Hydro One has a beta of 0.31, suggesting that its share price is 69% less volatile than the S&P 500.
Fortis pays an annual dividend of C$2.36 per share and has a dividend yield of 4.4%. Hydro One pays an annual dividend of C$1.19 per share and has a dividend yield of 3.2%. 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. Hydro One pays out 65.7% of its earnings in the form of a dividend.
Hydro One has a net margin of 13.83% compared to Fortis' net margin of 13.66%. Hydro One's return on equity of 9.45% beat Fortis' return on equity.
Fortis received 235 more outperform votes than Hydro One when rated by MarketBeat users. Likewise, 67.92% of users gave Fortis an outperform vote while only 65.11% of users gave Hydro One an outperform vote.
58.2% of Fortis shares are held by institutional investors. Comparatively, 22.3% of Hydro One shares are held by institutional investors. 0.0% of Fortis shares are held by insiders. Comparatively, 47.2% of Hydro One shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Fortis currently has a consensus price target of C$57.00, indicating a potential upside of 6.36%. Hydro One has a consensus price target of C$39.56, indicating a potential upside of 4.87%. Given Fortis' higher probable upside, analysts plainly believe Fortis is more favorable than Hydro One.
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.
Summary
Hydro One beats Fortis 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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