PNM vs. PNW, OGE, IDA, POR, OTTR, ALE, MGEE, ARRY, HE, and UTL
Should you be buying PNM Resources stock or one of its competitors? The main competitors of PNM Resources include Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), Portland General Electric (POR), Otter Tail (OTTR), ALLETE (ALE), MGE Energy (MGEE), Array Technologies (ARRY), Hawaiian Electric Industries (HE), and Unitil (UTL). These companies are all part of the "electric utilities" industry.
PNM Resources (NYSE:PNM) and Pinnacle West Capital (NYSE:PNW) are both mid-cap utilities companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, valuation, analyst recommendations, dividends, earnings, media sentiment, risk, community ranking and profitability.
91.7% of PNM Resources shares are owned by institutional investors. Comparatively, 91.5% of Pinnacle West Capital shares are owned by institutional investors. 1.4% of PNM Resources shares are owned by company insiders. Comparatively, 0.2% of Pinnacle West Capital shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
PNM Resources has a beta of 0.35, meaning that its share price is 65% less volatile than the S&P 500. Comparatively, Pinnacle West Capital has a beta of 0.48, meaning that its share price is 52% less volatile than the S&P 500.
PNM Resources presently has a consensus target price of $43.40, suggesting a potential upside of 13.20%. Pinnacle West Capital has a consensus target price of $74.58, suggesting a potential downside of 5.42%. Given PNM Resources' stronger consensus rating and higher probable upside, research analysts plainly believe PNM Resources is more favorable than Pinnacle West Capital.
PNM Resources pays an annual dividend of $1.55 per share and has a dividend yield of 4.0%. Pinnacle West Capital pays an annual dividend of $3.52 per share and has a dividend yield of 4.5%. PNM Resources pays out 170.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Pinnacle West Capital pays out 76.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Pinnacle West Capital is clearly the better dividend stock, given its higher yield and lower payout ratio.
PNM Resources received 17 more outperform votes than Pinnacle West Capital when rated by MarketBeat users. Likewise, 60.45% of users gave PNM Resources an outperform vote while only 42.08% of users gave Pinnacle West Capital an outperform vote.
In the previous week, PNM Resources had 1 more articles in the media than Pinnacle West Capital. MarketBeat recorded 7 mentions for PNM Resources and 6 mentions for Pinnacle West Capital. Pinnacle West Capital's average media sentiment score of 1.00 beat PNM Resources' score of 0.33 indicating that Pinnacle West Capital is being referred to more favorably in the news media.
Pinnacle West Capital has higher revenue and earnings than PNM Resources. Pinnacle West Capital is trading at a lower price-to-earnings ratio than PNM Resources, indicating that it is currently the more affordable of the two stocks.
Pinnacle West Capital has a net margin of 11.09% compared to PNM Resources' net margin of 4.38%. PNM Resources' return on equity of 9.91% beat Pinnacle West Capital's return on equity.
Summary
PNM Resources and Pinnacle West Capital tied by winning 10 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding PNM 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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