H vs. FTS, EMA, BIP.UN, BEP.UN, BEPC, CU, AQN, BIPC, CUP.U, and NPI
Should you be buying Hydro One stock or one of its competitors? The main competitors of Hydro One include Fortis (FTS), Emera (EMA), Brookfield Infrastructure Partners (BIP.UN), Brookfield Renewable Partners (BEP.UN), Brookfield Renewable (BEPC), Canadian Utilities (CU), Algonquin Power & Utilities (AQN), Brookfield Infrastructure (BIPC), Caribbean Utilities (CUP.U), and Northland Power (NPI). These companies are all part of the "utilities" sector.
Hydro One (TSE:H) and Fortis (TSE:FTS) are both large-cap utilities companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, profitability, risk, analyst recommendations, media sentiment, institutional ownership, community ranking, dividends and earnings.
Fortis has a net margin of 14.11% compared to Hydro One's net margin of 13.83%. Hydro One's return on equity of 9.45% beat Fortis' return on equity.
Hydro One pays an annual dividend of C$1.19 per share and has a dividend yield of 2.9%. Fortis pays an annual dividend of C$2.36 per share and has a dividend yield of 4.2%. Hydro One pays out 65.7% of its earnings in the form of a dividend. Fortis pays out 75.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
Fortis received 235 more outperform votes than Hydro One when rated by MarketBeat users. Likewise, 67.67% of users gave Fortis an outperform vote while only 65.11% of users gave Hydro One an outperform vote.
Hydro One has a beta of 0.29, meaning that its stock price is 71% less volatile than the S&P 500. Comparatively, Fortis has a beta of 0.18, meaning that its stock price is 82% less volatile than the S&P 500.
Hydro One currently has a consensus target price of C$39.56, suggesting a potential downside of 1.63%. Fortis has a consensus target price of C$57.04, suggesting a potential upside of 1.80%. Given Fortis' higher possible 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.
In the previous week, Fortis had 15 more articles in the media than Hydro One. MarketBeat recorded 17 mentions for Fortis and 2 mentions for Hydro One. Fortis' average media sentiment score of 0.48 beat Hydro One's score of 0.20 indicating that Fortis is being referred to more favorably in the news media.
21.8% of Hydro One shares are held by institutional investors. Comparatively, 57.8% of Fortis shares are held by institutional investors. 47.2% of Hydro One shares are held by company insiders. Comparatively, 0.0% of Fortis shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Summary
Fortis beats Hydro One on 11 of the 19 factors compared between the two stocks.
Get Hydro One News Delivered to You Automatically
Sign up to receive the latest news and ratings for H and its competitors with MarketBeat's FREE daily newsletter.
This chart shows the number of new MarketBeat users adding H 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.
Hydro One Competitors List
Related Companies and Tools
