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IDACORP (IDA) Competitors

$95.61
+0.68 (+0.72%)
(As of 05/24/2024 08:50 PM ET)

IDA vs. ES, PNW, OGE, POR, OTTR, ALE, PNM, MGEE, ARRY, and HE

Should you be buying IDACORP stock or one of its competitors? The main competitors of IDACORP include Eversource Energy (ES), Pinnacle West Capital (PNW), OGE Energy (OGE), Portland General Electric (POR), Otter Tail (OTTR), ALLETE (ALE), PNM Resources (PNM), MGE Energy (MGEE), Array Technologies (ARRY), and Hawaiian Electric Industries (HE). These companies are all part of the "electric utilities" industry.

IDACORP vs.

Eversource Energy (NYSE:ES) and IDACORP (NYSE:IDA) are both utilities companies, but which is the superior investment? We will contrast the two companies based on the strength of their community ranking, media sentiment, profitability, dividends, risk, earnings, institutional ownership, analyst recommendations and valuation.

Eversource Energy pays an annual dividend of $2.86 per share and has a dividend yield of 5.0%. IDACORP pays an annual dividend of $3.32 per share and has a dividend yield of 3.5%. Eversource Energy pays out -242.4% of its earnings in the form of a dividend. IDACORP pays out 66.7% 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. Eversource Energy has raised its dividend for 26 consecutive years and IDACORP has raised its dividend for 12 consecutive years. Eversource Energy is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

80.0% of Eversource Energy shares are owned by institutional investors. Comparatively, 89.1% of IDACORP shares are owned by institutional investors. 0.4% of Eversource Energy shares are owned by company insiders. Comparatively, 0.5% of IDACORP shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

In the previous week, IDACORP had 5 more articles in the media than Eversource Energy. MarketBeat recorded 12 mentions for IDACORP and 7 mentions for Eversource Energy. IDACORP's average media sentiment score of 1.11 beat Eversource Energy's score of 0.39 indicating that Eversource Energy is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Eversource Energy
5 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
IDACORP
5 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Eversource Energy received 257 more outperform votes than IDACORP when rated by MarketBeat users. However, 50.37% of users gave IDACORP an outperform vote while only 47.48% of users gave Eversource Energy an outperform vote.

CompanyUnderperformOutperform
Eversource EnergyOutperform Votes
461
47.48%
Underperform Votes
510
52.52%
IDACORPOutperform Votes
204
50.37%
Underperform Votes
201
49.63%

Eversource Energy presently has a consensus price target of $65.86, suggesting a potential upside of 14.47%. IDACORP has a consensus price target of $96.80, suggesting a potential upside of 1.24%. Given IDACORP's stronger consensus rating and higher possible upside, analysts plainly believe Eversource Energy is more favorable than IDACORP.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Eversource Energy
1 Sell rating(s)
7 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.36
IDACORP
0 Sell rating(s)
5 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

Eversource Energy has a beta of 0.57, suggesting that its share price is 43% less volatile than the S&P 500. Comparatively, IDACORP has a beta of 0.55, suggesting that its share price is 45% less volatile than the S&P 500.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Eversource Energy$11.91B1.70-$442.24M-$1.18-48.75
IDACORP$1.77B2.88$261.20M$4.9819.20

IDACORP has a net margin of 14.18% compared to IDACORP's net margin of -3.60%. IDACORP's return on equity of 10.32% beat Eversource Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Eversource Energy-3.60% 10.32% 2.77%
IDACORP 14.18%8.71%3.07%

Summary

Eversource Energy beats IDACORP on 11 of the 21 factors compared between the two stocks.

New MarketBeat Followers Over Time

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.
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Media Sentiment Over Time

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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IDA vs. The Competition

MetricIDACORPElectric services IndustryUtilities SectorNYSE Exchange
Market Cap$5.09B$12.48B$12.63B$17.89B
Dividend Yield3.47%4.72%4.06%3.53%
P/E Ratio19.2015.7494.5725.80
Price / Sales2.8831.0818.0610.24
Price / Cash10.508.1316.5119.29
Price / Book1.741.551.855.91
Net Income$261.20M$650.12M$606.54M$976.87M
7 Day Performance-2.90%-1.05%-1.71%-1.53%
1 Month Performance1.09%7.21%3.98%4.68%
1 Year Performance-7.50%6.70%4.48%23.54%

IDACORP Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ES
Eversource Energy
4.4658 of 5 stars
$57.53
flat
$65.86
+14.5%
-16.2%$20.27B$11.91B-48.7510,171Positive News
PNW
Pinnacle West Capital
4.314 of 5 stars
$76.82
+0.4%
$74.08
-3.6%
+0.0%$8.72B$4.70B16.746,133Positive News
OGE
OGE Energy
3.6085 of 5 stars
$35.65
+0.1%
$33.40
-6.3%
+2.0%$7.15B$2.67B18.102,329Analyst Revision
Positive News
POR
Portland General Electric
1.4273 of 5 stars
$43.72
0.0%
$44.00
+0.6%
-9.5%$4.50B$2.92B16.752,842
OTTR
Otter Tail
0 of 5 stars
$90.90
+0.9%
N/A+21.5%$3.80B$1.35B12.492,655
ALE
ALLETE
4.4806 of 5 stars
$62.92
+0.6%
$60.40
-4.0%
+4.4%$3.62B$1.88B15.131,560Positive News
PNM
PNM Resources
4.055 of 5 stars
$37.23
+1.1%
$44.75
+20.2%
-17.6%$3.36B$1.94B40.911,635
MGEE
MGE Energy
3.8557 of 5 stars
$78.22
-0.1%
$62.00
-20.7%
+7.7%$2.83B$690.43M23.56723Dividend Announcement
ARRY
Array Technologies
4.3772 of 5 stars
$13.59
+6.3%
$19.75
+45.3%
-41.0%$2.06B$1.58B35.761,028Positive News
HE
Hawaiian Electric Industries
0.7455 of 5 stars
$10.63
-0.5%
$11.63
+9.4%
-70.5%$1.17B$3.65B6.293,706

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This page (NYSE:IDA) was last updated on 5/27/2024 by MarketBeat.com Staff

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