Ocean Power Technologies (NASDAQ:OPTT) and Avangrid (NYSE:AGR) are both oils/energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their earnings, analyst recommendations, dividends, valuation, risk, profitability and institutional ownership.
This is a breakdown of current ratings and price targets for Ocean Power Technologies and Avangrid, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Ocean Power Technologies||0||0||0||0||N/A|
Avangrid has a consensus price target of $50.00, suggesting a potential upside of 3.01%. Given Avangrid’s higher possible upside, analysts plainly believe Avangrid is more favorable than Ocean Power Technologies.
Volatility and Risk
Ocean Power Technologies has a beta of 3.04, indicating that its stock price is 204% more volatile than the S&P 500. Comparatively, Avangrid has a beta of 0.12, indicating that its stock price is 88% less volatile than the S&P 500.
Avangrid pays an annual dividend of $1.76 per share and has a dividend yield of 3.6%. Ocean Power Technologies does not pay a dividend. Avangrid pays out 79.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
Earnings and Valuation
This table compares Ocean Power Technologies and Avangrid’s gross revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Ocean Power Technologies||$630,000.00||11.42||-$12.25 million||N/A||N/A|
|Avangrid||$6.48 billion||2.32||$595.00 million||$2.21||21.96|
Avangrid has higher revenue and earnings than Ocean Power Technologies.
Institutional & Insider Ownership
7.1% of Ocean Power Technologies shares are owned by institutional investors. Comparatively, 14.6% of Avangrid shares are owned by institutional investors. 1.0% of Ocean Power Technologies shares are owned by company insiders. Comparatively, 0.4% of Avangrid shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
This table compares Ocean Power Technologies and Avangrid’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Ocean Power Technologies||-1,500.25%||-143.06%||-105.10%|
Avangrid beats Ocean Power Technologies on 8 of the 12 factors compared between the two stocks.
About Ocean Power Technologies
Ocean Power Technologies, Inc. is a renewable wave-energy technology company, which engages in the development of commercialize proprietary systems that generate electricity through ocean waves. It offers the PB3 PowerBuoy which generates electricity by harnessing the renewable energy of ocean waves. It operates through the following geographical segments: North America; Europe; and Asia and Australia. The company was founded by George W. Taylor on April 19, 1984 and is headquartered in Pennington, NJ.
Avangrid, Inc. operates as an energy services holding company in the United States. It operates through two segments, Networks and Renewables. The company engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. The company delivers natural gas and electricity to residential, commercial, and institutional customers through its regulated utilities in New York, Maine, Connecticut, and Massachusetts; and sells its output to investor-owned utilities, public utilities, and other credit-worthy entities. In addition, it generates and provides power and other services to federal and state agencies, as well as institutional retail and joint action agencies; and delivers thermal output to wholesale customers in the Western United States. As of February 26, 2019, Avangrid, Inc. owned 8 electric and natural gas utilities, serving 3.2 million customers in New York and New England, as well as owned and operated 7.2 gigawatts of electricity capacity, primarily through wind power in 22 states. The company was founded in 1852 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.
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