Portland General Electric (NYSE:POR) vs. Atlantic Power Corporation (AT) Financial Contrast

Atlantic Power Corporation (NYSE: AT) and Portland General Electric (NYSE:POR) are both utilities companies, but which is the superior stock? We will compare the two businesses based on the strength of their analyst recommendations, dividends, valuation, institutional ownership, earnings, profitability and risk.

Analyst Recommendations

This is a summary of recent recommendations and price targets for Atlantic Power Corporation and Portland General Electric, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Atlantic Power Corporation 0 3 0 0 2.00
Portland General Electric 4 2 0 0 1.33

Atlantic Power Corporation presently has a consensus target price of $2.63, suggesting a potential upside of 5.00%. Portland General Electric has a consensus target price of $42.00, suggesting a potential downside of 9.48%. Given Atlantic Power Corporation’s stronger consensus rating and higher possible upside, equities analysts plainly believe Atlantic Power Corporation is more favorable than Portland General Electric.

Dividends

Portland General Electric pays an annual dividend of $1.36 per share and has a dividend yield of 2.9%. Atlantic Power Corporation does not pay a dividend. Portland General Electric pays out 60.7% of its earnings in the form of a dividend. Atlantic Power Corporation has increased its dividend for 11 consecutive years.

Profitability

This table compares Atlantic Power Corporation and Portland General Electric’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Atlantic Power Corporation -25.71% 27.03% 1.21%
Portland General Electric 10.06% 8.48% 2.64%

Insider and Institutional Ownership

46.4% of Atlantic Power Corporation shares are owned by institutional investors. Comparatively, 94.8% of Portland General Electric shares are owned by institutional investors. 1.6% of Atlantic Power Corporation shares are owned by company insiders. Comparatively, 0.6% of Portland General Electric shares are owned 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.

Risk and Volatility

Atlantic Power Corporation has a beta of 1.74, meaning that its stock price is 74% more volatile than the S&P 500. Comparatively, Portland General Electric has a beta of 0.29, meaning that its stock price is 71% less volatile than the S&P 500.

Earnings & Valuation

This table compares Atlantic Power Corporation and Portland General Electric’s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio EBITDA Earnings Per Share Price/Earnings Ratio
Atlantic Power Corporation $417.00 million 0.69 $179.50 million ($0.96) -2.60
Portland General Electric $1.99 billion 2.08 $687.00 million $2.24 20.71

Portland General Electric has higher revenue and earnings than Atlantic Power Corporation. Atlantic Power Corporation is trading at a lower price-to-earnings ratio than Portland General Electric, indicating that it is currently the more affordable of the two stocks.

Summary

Portland General Electric beats Atlantic Power Corporation on 8 of the 15 factors compared between the two stocks.

About Atlantic Power Corporation

Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers. Atlantic Power’s segments include East U.S., West U.S. and Canada. The Company’s East U.S. segment comprises natural gas, biomass, coal and hydro projects. The Company’s projects under the West U.S. segment include Naval Station, Naval Training Center, North Island, Oxnard, Manchief and Frederickson, which are focused on natural gas, and Koma Kulshan, which is focused on hydro. Under the Canada segment, the Company’s projects located in British Columbia include Mamquam, Mamquam and Williams Lake. Its Calstock and Tunis projects are located in Ontario. The Company’s portfolio consisted of interests in 19 operational power generation projects across nine states in the United States and two provinces in Canada, as of December 31, 2016.

About Portland General Electric

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem. It has five natural gas-fired generating facilities, which include Port Westward Unit 1 (PW1), Port Westward Unit 2 (PW2), Beaver natural gas-fired generating plant (Beaver), Coyote Springs Unit 1 (Coyote Springs) and Carty natural gas-fired generating plant (Carty). As of December 31, 2016, the Company owned and operated two wind farms, Biglow Canyon Wind Farm (Biglow Canyon) and Tucannon River Wind Farm (Tucannon River). The Company’s hydroelectric projects consist of Pelton/Round Butte on the Deschutes River near Madras, Oregon, four plants on the Clackamas River, and one on the Willamette River.

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