NPI vs. BEPC, AQN, BLX, RNW, INE, ARR, LCFS, PIF, SPG, and GIP
Should you be buying Northland Power stock or one of its competitors? The main competitors of Northland Power include Brookfield Renewable (BEPC), Algonquin Power & Utilities (AQN), Boralex (BLX), TransAlta Renewables (RNW), Innergex Renewable Energy (INE), Altius Renewable Royalties (ARR), Tidewater Renewables (LCFS), Polaris Renewable Energy (PIF), Spark Power Group (SPG), and Green Impact Partners (GIP). These companies are all part of the "utilities - renewable" industry.
Northland Power (TSE:NPI) and Brookfield Renewable (TSE:BEPC) are both mid-cap utilities companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, valuation, analyst recommendations, earnings, media sentiment, institutional ownership, community ranking, risk and dividends.
In the previous week, Northland Power had 11 more articles in the media than Brookfield Renewable. MarketBeat recorded 14 mentions for Northland Power and 3 mentions for Brookfield Renewable. Northland Power's average media sentiment score of 0.84 beat Brookfield Renewable's score of 0.29 indicating that Northland Power is being referred to more favorably in the media.
Northland Power has a beta of 0.44, meaning that its stock price is 56% less volatile than the S&P 500. Comparatively, Brookfield Renewable has a beta of 0.89, meaning that its stock price is 11% less volatile than the S&P 500.
Northland Power pays an annual dividend of C$1.20 per share and has a dividend yield of 5.2%. Brookfield Renewable pays an annual dividend of 1.94 per share and has a dividend yield of 4.9%. Northland Power pays out -171.4% of its earnings in the form of a dividend. Brookfield Renewable pays out 17.9% 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. Northland Power is clearly the better dividend stock, given its higher yield and lower payout ratio.
Brookfield Renewable has a net margin of 29.75% compared to Northland Power's net margin of -7.16%. Brookfield Renewable's return on equity of 10.84% beat Northland Power's return on equity.
Northland Power received 530 more outperform votes than Brookfield Renewable when rated by MarketBeat users.
51.1% of Northland Power shares are owned by institutional investors. Comparatively, 76.9% of Brookfield Renewable shares are owned by institutional investors. 0.1% of Northland Power shares are owned by company insiders. Comparatively, 0.0% of Brookfield Renewable shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Northland Power currently has a consensus target price of C$31.50, suggesting a potential upside of 35.83%. Given Northland Power's higher possible upside, equities analysts plainly believe Northland Power is more favorable than Brookfield Renewable.
Brookfield Renewable has higher revenue and earnings than Northland Power. Northland Power is trading at a lower price-to-earnings ratio than Brookfield Renewable, indicating that it is currently the more affordable of the two stocks.
Summary
Northland Power beats Brookfield Renewable on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NPI 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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