Innergex Renewable Energy (OTCMKTS:INGXF) and NiSource (NYSE:NI) are both utilities companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, valuation, profitability, analyst recommendations, risk, dividends and earnings.
Institutional and Insider Ownership
93.9% of NiSource shares are held by institutional investors. 0.4% of NiSource shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
This is a summary of current ratings for Innergex Renewable Energy and NiSource, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Innergex Renewable Energy||0||0||0||0||N/A|
NiSource has a consensus price target of $28.11, indicating a potential downside of 5.39%. Given NiSource’s higher possible upside, analysts plainly believe NiSource is more favorable than Innergex Renewable Energy.
This table compares Innergex Renewable Energy and NiSource’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Innergex Renewable Energy||5.78%||2.80%||0.39%|
Risk & Volatility
Innergex Renewable Energy has a beta of 0.67, meaning that its share price is 33% less volatile than the S&P 500. Comparatively, NiSource has a beta of 0.25, meaning that its share price is 75% less volatile than the S&P 500.
Valuation and Earnings
This table compares Innergex Renewable Energy and NiSource’s top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Innergex Renewable Energy||$436.35 million||3.51||$25.22 million||N/A||N/A|
|NiSource||$5.11 billion||2.17||-$50.60 million||$1.30||22.85|
Innergex Renewable Energy has higher earnings, but lower revenue than NiSource.
Innergex Renewable Energy pays an annual dividend of $0.52 per share and has a dividend yield of 4.5%. NiSource pays an annual dividend of $0.80 per share and has a dividend yield of 2.7%. NiSource pays out 61.5% of its earnings in the form of a dividend. NiSource has raised its dividend for 2 consecutive years.
NiSource beats Innergex Renewable Energy on 8 of the 15 factors compared between the two stocks.
Innergex Renewable Energy Company Profile
Innergex Renewable Energy, Inc. engages in the development, acquisition, and operations of run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power generation plants. It operates through the following segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development. The Hydroelectric Generation, Wind Power Generation, and Solar Power Generation segments sells electricity products to publicly owned utilities and other creditworthy counterparties. The Site Development segment analyzes potential locations. The company was founded on October 25, 2002 and is headquartered in Longueuil, Canada.
NiSource Company Profile
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services. The company owns and operates 2 coal-fired electric generating stations with a capacity of 2,080 megawatts (MW); combined cycle gas turbine with a capacity of 571 MW; 3 gas-fired generating units with a capacity of 186 MW; and 2 hydroelectric generating plants with a capacity of 16 MW. It serves approximately 3.5 million natural gas customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana, and Massachusetts; and 472,000 electricity customers in the northern part of Indiana. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1912 and is headquartered in Merrillville, Indiana.
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