ITC (ITC) vs. Atlantic Power (AT) Head-To-Head Contrast

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

Insider and Institutional Ownership

84.2% of ITC shares are owned by institutional investors. Comparatively, 47.9% of Atlantic Power shares are owned by institutional investors. 3.2% of ITC shares are owned by company insiders. Comparatively, 1.6% of Atlantic Power shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Valuation and Earnings

This table compares ITC and Atlantic Power’s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
ITC N/A N/A N/A $1.48 N/A
Atlantic Power $399.20 million 0.62 -$113.90 million ($0.56) -3.84

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

Analyst Ratings

This is a summary of recent recommendations for ITC and Atlantic Power, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ITC 0 0 0 0 N/A
Atlantic Power 0 2 0 0 2.00

Atlantic Power has a consensus target price of $2.48, indicating a potential upside of 15.12%.

Profitability

This table compares ITC and Atlantic Power’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
ITC 27.42% 16.62% 3.79%
Atlantic Power -14.09% 34.66% 1.25%

Dividends

ITC pays an annual dividend of $0.86 per share. Atlantic Power does not pay a dividend. ITC pays out 58.1% of its earnings in the form of a dividend. ITC has raised its dividend for 6 consecutive years.

Summary

ITC beats Atlantic Power on 7 of the 10 factors compared between the two stocks.

ITC Company Profile

ITC Holdings Corp. (ITC Holdings) is a holding company. The Company is engaged in owning, operating, maintaining and investing in transmission infrastructure. The Company’s business consists primarily of the electric transmission operations of its Regulated Operating Subsidiaries. Its Regulated Operating Subsidiaries include International Transmission Company (ITCTransmission), Michigan Electric Transmission Company, LLC (METC), ITC Midwest LLC (ITC Midwest). The operations performed by its Regulated Operating Subsidiaries fall into the various categories, such as asset planning; engineering, design and construction; maintenance, and real time operations. Its customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. It owns and operates high-voltage systems in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma.

Atlantic Power Company Profile

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.

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