IDA vs. POR, OTTR, PNM, OGE, PNW, AQN, ELP, ENIC, BKH, and PAM
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), Pinnacle West Capital (PNW), Algonquin Power & Utilities (AQN), Companhia Paranaense de Energia - COPEL (ELP), Enel Chile (ENIC), Black Hills (BKH), and Pampa Energía (PAM). These companies are all part of the "electric services" industry.
IDACORP (NYSE:IDA) and Portland General Electric (NYSE:POR) are both mid-cap utilities companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, community ranking, earnings, risk, media sentiment, profitability, dividends, analyst recommendations and valuation.
89.1% of IDACORP shares are held by institutional investors. 0.5% of IDACORP shares are held by company insiders. Comparatively, 0.5% of Portland General Electric shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
IDACORP has higher earnings, but lower revenue 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.
In the previous week, IDACORP had 14 more articles in the media than Portland General Electric. MarketBeat recorded 21 mentions for IDACORP and 7 mentions for Portland General Electric. Portland General Electric's average media sentiment score of 0.64 beat IDACORP's score of 0.32 indicating that Portland General Electric is being referred to more favorably in the news media.
IDACORP pays an annual dividend of $3.32 per share and has a dividend yield of 3.4%. Portland General Electric pays an annual dividend of $1.90 per share and has a dividend yield of 4.3%. IDACORP pays out 66.7% of its earnings in the form of a dividend. Portland General Electric pays out 72.8% 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 received 158 more outperform votes than IDACORP when rated by MarketBeat users. However, 50.50% of users gave IDACORP an outperform vote while only 46.23% of users gave Portland General Electric an outperform vote.
IDACORP has a beta of 0.55, suggesting that its stock price is 45% less volatile than the S&P 500. Comparatively, Portland General Electric has a beta of 0.56, suggesting that its stock price is 44% less volatile than the S&P 500.
IDACORP presently has a consensus price target of $94.60, indicating a potential downside of 2.26%. Portland General Electric has a consensus price target of $43.57, indicating a potential downside of 1.11%. Given Portland General Electric's stronger consensus rating and higher probable upside, analysts plainly believe Portland General Electric is more favorable than IDACORP.
IDACORP has a net margin of 14.18% compared to Portland General Electric's net margin of 8.51%. IDACORP's return on equity of 8.71% beat Portland General Electric's return on equity.
Summary
IDACORP beats Portland General Electric on 11 of the 20 factors compared between the two stocks.
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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.
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