Innergex Renewable Energy (OTCMKTS:INGXF – Get Free Report) and OGE Energy (NYSE:OGE – Get Free Report) are both mid-cap utilities companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, valuation, institutional ownership, earnings, profitability, risk and analyst recommendations.
Analyst Ratings
This is a breakdown of current ratings for Innergex Renewable Energy and OGE Energy, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Innergex Renewable Energy | 0 | 2 | 0 | 0 | 2.00 |
| OGE Energy | 0 | 5 | 5 | 0 | 2.50 |
OGE Energy has a consensus price target of $48.75, suggesting a potential upside of 8.70%. Given OGE Energy’s stronger consensus rating and higher possible upside, analysts clearly believe OGE Energy is more favorable than Innergex Renewable Energy.
Risk & Volatility
Valuation and Earnings
This table compares Innergex Renewable Energy and OGE Energy”s revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Innergex Renewable Energy | $764.31 million | 2.69 | $11.60 million | $0.14 | 72.18 |
| OGE Energy | $3.29 billion | 2.74 | $441.50 million | $2.49 | 18.01 |
OGE Energy has higher revenue and earnings than Innergex Renewable Energy. OGE Energy is trading at a lower price-to-earnings ratio than Innergex Renewable Energy, indicating that it is currently the more affordable of the two stocks.
Profitability
This table compares Innergex Renewable Energy and OGE Energy’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Innergex Renewable Energy | 5.51% | 5.30% | 0.76% |
| OGE Energy | 15.28% | 10.86% | 3.62% |
Dividends
Innergex Renewable Energy pays an annual dividend of $0.26 per share and has a dividend yield of 2.6%. OGE Energy pays an annual dividend of $1.70 per share and has a dividend yield of 3.8%. Innergex Renewable Energy pays out 185.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. OGE Energy pays out 68.3% of its earnings in the form of a dividend. OGE Energy has increased its dividend for 18 consecutive years. OGE Energy is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Insider & Institutional Ownership
71.8% of OGE Energy shares are held by institutional investors. 4.7% of Innergex Renewable Energy shares are held by insiders. Comparatively, 0.6% of OGE Energy shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Summary
OGE Energy beats Innergex Renewable Energy on 14 of the 16 factors compared between the two stocks.
About Innergex Renewable Energy
Innergex Renewable Energy Inc. operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation. As of February 21, 2024, it owned and operated 87 facilities with a net installed capacity of 3,600 megawatts, including 41 hydroelectric facilities, 35 wind facilities, 9 solar facilities, and 2 battery energy storage facilities. The company is headquartered in Longueuil, Canada.
About OGE Energy
OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets. OGE Energy Corp. was founded in 1902 and is headquartered in Oklahoma City, Oklahoma.
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