NPI vs. AQN, BEPC, BLX, INE, BIPC, CPX, CU, ACO.X, TA, and SPB
Should you be buying Northland Power stock or one of its competitors? The main competitors of Northland Power include Algonquin Power & Utilities (AQN), Brookfield Renewable (BEPC), Boralex (BLX), Innergex Renewable Energy (INE), Brookfield Infrastructure (BIPC), Capital Power (CPX), Canadian Utilities (CU), ATCO (ACO.X), TransAlta (TA), and Superior Plus (SPB). These companies are all part of the "utilities" sector.
Northland Power (TSE:NPI) and Algonquin Power & Utilities (TSE:AQN) are both mid-cap utilities companies, but which is the better investment? We will compare the two companies based on the strength of their dividends, institutional ownership, community ranking, valuation, risk, analyst recommendations, media sentiment, earnings and profitability.
Algonquin Power & Utilities has higher revenue and earnings than Northland Power. Northland Power is trading at a lower price-to-earnings ratio than Algonquin Power & Utilities, indicating that it is currently the more affordable of the two stocks.
51.5% of Northland Power shares are owned by institutional investors. Comparatively, 62.5% of Algonquin Power & Utilities shares are owned by institutional investors. 0.1% of Northland Power shares are owned by insiders. Comparatively, 0.1% of Algonquin Power & Utilities shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
In the previous week, Algonquin Power & Utilities had 2 more articles in the media than Northland Power. MarketBeat recorded 13 mentions for Algonquin Power & Utilities and 11 mentions for Northland Power. Northland Power's average media sentiment score of 0.57 beat Algonquin Power & Utilities' score of -0.21 indicating that Northland Power is being referred to more favorably in the media.
Northland Power currently has a consensus target price of C$31.96, suggesting a potential upside of 32.61%. Algonquin Power & Utilities has a consensus target price of C$7.08, suggesting a potential downside of 21.82%. Given Northland Power's stronger consensus rating and higher probable upside, research analysts clearly believe Northland Power is more favorable than Algonquin Power & Utilities.
Northland Power pays an annual dividend of C$1.20 per share and has a dividend yield of 5.0%. Algonquin Power & Utilities pays an annual dividend of C$0.59 per share and has a dividend yield of 6.5%. Northland Power pays out -166.7% of its earnings in the form of a dividend. Algonquin Power & Utilities pays out 1,475.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
Northland Power has a beta of 0.44, suggesting that its share price is 56% less volatile than the S&P 500. Comparatively, Algonquin Power & Utilities has a beta of 0.47, suggesting that its share price is 53% less volatile than the S&P 500.
Northland Power received 10 more outperform votes than Algonquin Power & Utilities when rated by MarketBeat users. However, 73.02% of users gave Algonquin Power & Utilities an outperform vote while only 66.96% of users gave Northland Power an outperform vote.
Algonquin Power & Utilities has a net margin of 1.06% compared to Northland Power's net margin of -7.85%. Algonquin Power & Utilities' return on equity of -0.47% beat Northland Power's return on equity.
Summary
Algonquin Power & Utilities beats Northland Power on 11 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NPI 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.
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