IDA vs. POR, OTTR, PNM, OGE, HE, PNW, AQN, ENIC, ELP, and BKH
Should you be buying IDACORP stock or one of its competitors? The main competitors of IDACORP include Portland General Electric (POR), Otter Tail (OTTR), PNM Resources (PNM), OGE Energy (OGE), Hawaiian Electric Industries (HE), Pinnacle West Capital (PNW), Algonquin Power & Utilities (AQN), Enel Chile (ENIC), Companhia Paranaense de Energia - COPEL (ELP), and Black Hills (BKH). These companies are all part of the "electric services" industry.
Portland General Electric (NYSE:POR) and IDACORP (NYSE:IDA) are both mid-cap utilities companies, but which is the better investment? We will compare the two businesses based on the strength of their valuation, risk, earnings, profitability, community ranking, analyst recommendations, institutional ownership, media sentiment and dividends.
Portland General Electric pays an annual dividend of $1.90 per share and has a dividend yield of 4.4%. IDACORP pays an annual dividend of $3.32 per share and has a dividend yield of 3.5%. Portland General Electric pays out 72.8% of its earnings in the form of a dividend. IDACORP pays out 64.6% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Portland General Electric has increased its dividend for 18 consecutive years and IDACORP has increased its dividend for 12 consecutive years. Portland General Electric is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
IDACORP has lower revenue, but higher earnings than Portland General Electric. Portland General Electric is trading at a lower price-to-earnings ratio than IDACORP, indicating that it is currently the more affordable of the two stocks.
IDACORP has a net margin of 14.79% compared to IDACORP's net margin of 7.80%. Portland General Electric's return on equity of 9.06% beat IDACORP's return on equity.
Portland General Electric presently has a consensus target price of $45.13, suggesting a potential upside of 5.43%. IDACORP has a consensus target price of $93.80, suggesting a potential downside of 0.85%. Given IDACORP's stronger consensus rating and higher possible upside, equities research analysts plainly believe Portland General Electric is more favorable than IDACORP.
Portland General Electric has a beta of 0.57, meaning that its stock price is 43% less volatile than the S&P 500. Comparatively, IDACORP has a beta of 0.56, meaning that its stock price is 44% less volatile than the S&P 500.
89.1% of IDACORP shares are held by institutional investors. 0.5% of Portland General Electric shares are held by insiders. Comparatively, 0.5% of IDACORP shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
In the previous week, Portland General Electric had 13 more articles in the media than IDACORP. MarketBeat recorded 19 mentions for Portland General Electric and 6 mentions for IDACORP. IDACORP's average media sentiment score of 0.65 beat Portland General Electric's score of 0.13 indicating that Portland General Electric is being referred to more favorably in the media.
Portland General Electric received 158 more outperform votes than IDACORP when rated by MarketBeat users. However, 50.62% of users gave IDACORP an outperform vote while only 46.29% of users gave Portland General Electric an outperform vote.
Summary
Portland General Electric beats IDACORP on 11 of the 21 factors compared between the two stocks.
Get IDACORP News Delivered to You Automatically
Sign up to receive the latest news and ratings for IDA and its competitors with MarketBeat's FREE daily newsletter.
This chart shows the number of new MarketBeat users adding IDA and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Related Companies and Tools
