KEN vs. IDA, AQN, POR, ORA, ENIC, ELP, OTTR, BKH, PNM, and NEP
Should you be buying Kenon stock or one of its competitors? The main competitors of Kenon include IDACORP (IDA), Algonquin Power & Utilities (AQN), Portland General Electric (POR), Ormat Technologies (ORA), Enel Chile (ENIC), Companhia Paranaense de Energia - COPEL (ELP), Otter Tail (OTTR), Black Hills (BKH), PNM Resources (PNM), and NextEra Energy Partners (NEP). These companies are all part of the "electric services" industry.
Kenon (NYSE:KEN) and IDACORP (NYSE:IDA) are both utilities companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, media sentiment, profitability, risk, community ranking, earnings, analyst recommendations, dividends and valuation.
Kenon pays an annual dividend of $3.80 per share and has a dividend yield of 14.9%. IDACORP pays an annual dividend of $3.32 per share and has a dividend yield of 3.5%. Kenon pays out -86.0% of its earnings in the form of a dividend. IDACORP pays out 66.7% 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.
IDACORP received 106 more outperform votes than Kenon when rated by MarketBeat users. However, 58.33% of users gave Kenon an outperform vote while only 50.25% of users gave IDACORP an outperform vote.
13.4% of Kenon shares are held by institutional investors. Comparatively, 89.1% of IDACORP shares are held by institutional investors. 0.1% of Kenon shares are held by insiders. Comparatively, 0.5% of IDACORP shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
IDACORP has higher revenue and earnings than Kenon. Kenon is trading at a lower price-to-earnings ratio than IDACORP, indicating that it is currently the more affordable of the two stocks.
IDACORP has a consensus price target of $97.40, suggesting a potential upside of 2.02%. Given IDACORP's higher possible upside, analysts plainly believe IDACORP is more favorable than Kenon.
In the previous week, IDACORP had 13 more articles in the media than Kenon. MarketBeat recorded 14 mentions for IDACORP and 1 mentions for Kenon. Kenon's average media sentiment score of 0.63 beat IDACORP's score of 0.29 indicating that Kenon is being referred to more favorably in the media.
Kenon has a beta of 1.45, meaning that its share price is 45% more volatile than the S&P 500. Comparatively, IDACORP has a beta of 0.55, meaning that its share price is 45% less volatile than the S&P 500.
IDACORP has a net margin of 14.18% compared to Kenon's net margin of -34.10%. IDACORP's return on equity of 8.71% beat Kenon's return on equity.
Summary
IDACORP beats Kenon on 13 of the 18 factors compared between the two stocks.
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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.
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