FTS vs. H, EMA, BIP.UN, BEP.UN, BEPC, CUP.U, CU, BIPC, AQN, and NPI
Should you be buying Fortis stock or one of its competitors? The main competitors of Fortis include Hydro One (H), Emera (EMA), Brookfield Infrastructure Partners (BIP.UN), Brookfield Renewable Partners (BEP.UN), Brookfield Renewable (BEPC), Caribbean Utilities (CUP.U), Canadian Utilities (CU), Brookfield Infrastructure (BIPC), Algonquin Power & Utilities (AQN), and Northland Power (NPI). These companies are all part of the "utilities" sector.
Fortis (TSE:FTS) and Hydro One (TSE:H) are both large-cap utilities companies, but which is the superior business? We will compare the two businesses based on the strength of their community ranking, institutional ownership, dividends, media sentiment, valuation, analyst recommendations, profitability, earnings and risk.
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, Hydro One had 16 more articles in the media than Fortis. MarketBeat recorded 18 mentions for Hydro One and 2 mentions for Fortis. Fortis' average media sentiment score of 0.31 beat Hydro One's score of 0.24 indicating that Fortis is being referred to more favorably in the media.
Fortis currently has a consensus price target of C$57.38, indicating a potential upside of 3.40%. Hydro One has a consensus price target of C$39.83, indicating a potential downside of 0.86%. Given Fortis' higher probable upside, research analysts clearly believe Fortis is more favorable than Hydro One.
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 64.93% of users gave Hydro One an outperform vote.
Fortis pays an annual dividend of C$2.36 per share and has a dividend yield of 4.3%. Hydro One pays an annual dividend of C$1.19 per share and has a dividend yield of 3.0%. 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. Hydro One pays out 65.7% of its earnings in the form of a dividend.
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.
57.8% of Fortis shares are owned by institutional investors. Comparatively, 21.8% of Hydro One shares are owned by institutional investors. 0.0% of Fortis shares are owned by company insiders. Comparatively, 47.2% of Hydro One shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Fortis has a beta of 0.18, suggesting that its stock price is 82% less volatile than the S&P 500. Comparatively, Hydro One has a beta of 0.29, suggesting that its stock price is 71% less volatile than the S&P 500.
Summary
Fortis beats Hydro One on 10 of the 19 factors compared between the two stocks.
Get Fortis News Delivered to You Automatically
Sign up to receive the latest news and ratings for FTS and its competitors with MarketBeat's FREE daily newsletter.
This chart shows the number of new MarketBeat users adding FTS 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.
Related Companies and Tools
