BEP vs. OGE, IDA, POR, AQN, ENIC, ELP, BKH, PNW, OTTR, and PNM
Should you be buying Brookfield Renewable Partners stock or one of its competitors? The main competitors of Brookfield Renewable Partners include OGE Energy (OGE), IDACORP (IDA), Portland General Electric (POR), Algonquin Power & Utilities (AQN), Enel Chile (ENIC), Companhia Paranaense de Energia - COPEL (ELP), Black Hills (BKH), Pinnacle West Capital (PNW), Otter Tail (OTTR), and PNM Resources (PNM). These companies are all part of the "electric services" industry.
OGE Energy (NYSE:OGE) and Brookfield Renewable Partners (NYSE:BEP) are both mid-cap utilities companies, but which is the better investment? We will compare the two businesses based on the strength of their profitability, earnings, analyst recommendations, valuation, institutional ownership, dividends, community ranking, risk and media sentiment.
71.8% of OGE Energy shares are owned by institutional investors. Comparatively, 63.2% of Brookfield Renewable Partners shares are owned by institutional investors. 0.5% of OGE Energy shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
In the previous week, OGE Energy had 12 more articles in the media than Brookfield Renewable Partners. MarketBeat recorded 26 mentions for OGE Energy and 14 mentions for Brookfield Renewable Partners. OGE Energy's average media sentiment score of 0.47 beat Brookfield Renewable Partners' score of 0.37 indicating that Brookfield Renewable Partners is being referred to more favorably in the news media.
OGE Energy pays an annual dividend of $1.67 per share and has a dividend yield of 4.7%. Brookfield Renewable Partners pays an annual dividend of $1.01 per share and has a dividend yield of 3.9%. OGE Energy pays out 84.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Brookfield Renewable Partners pays out -219.6% of its earnings in the form of a dividend. OGE Energy has raised its dividend for 17 consecutive years and Brookfield Renewable Partners has raised its dividend for 1 consecutive years. OGE Energy is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Brookfield Renewable Partners received 161 more outperform votes than OGE Energy when rated by MarketBeat users. Likewise, 61.47% of users gave Brookfield Renewable Partners an outperform vote while only 50.96% of users gave OGE Energy an outperform vote.
OGE Energy has a net margin of 14.63% compared to OGE Energy's net margin of 12.23%. Brookfield Renewable Partners' return on equity of 8.89% beat OGE Energy's return on equity.
OGE Energy has higher earnings, but lower revenue than Brookfield Renewable Partners. Brookfield Renewable Partners is trading at a lower price-to-earnings ratio than OGE Energy, indicating that it is currently the more affordable of the two stocks.
OGE Energy currently has a consensus price target of $33.40, indicating a potential downside of 5.06%. Brookfield Renewable Partners has a consensus price target of $30.50, indicating a potential upside of 18.31%. Given OGE Energy's stronger consensus rating and higher possible upside, analysts plainly believe Brookfield Renewable Partners is more favorable than OGE Energy.
OGE Energy has a beta of 0.72, suggesting that its stock price is 28% less volatile than the S&P 500. Comparatively, Brookfield Renewable Partners has a beta of 0.83, suggesting that its stock price is 17% less volatile than the S&P 500.
Summary
OGE Energy beats Brookfield Renewable Partners on 12 of the 22 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding BEP 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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