IDA vs. POR, OTTR, PNM, OGE, HE, PNW, ELP, AQN, ENIC, 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), Companhia Paranaense de Energia - COPEL (ELP), Algonquin Power & Utilities (AQN), Enel Chile (ENIC), 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 superior stock? We will compare the two businesses based on the strength of their community ranking, analyst recommendations, valuation, media sentiment, profitability, institutional ownership, risk, dividends and earnings.
Portland General Electric 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.
Portland General Electric pays an annual dividend of $1.90 per share and has a dividend yield of 4.6%. IDACORP pays an annual dividend of $3.32 per share and has a dividend yield of 3.6%. Portland General Electric pays out 81.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. IDACORP pays out 64.6% of its earnings in the form of a dividend. 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.
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 large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
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, indicating a potential upside of 8.27%. IDACORP has a consensus target price of $93.80, indicating a potential upside of 1.52%. Given IDACORP's stronger consensus rating and higher probable upside, equities analysts plainly believe Portland General Electric is more favorable than IDACORP.
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.
Portland General Electric received 158 more outperform votes than IDACORP when rated by MarketBeat users. However, 50.75% of users gave IDACORP an outperform vote while only 46.29% of users gave Portland General Electric an outperform vote.
In the previous week, Portland General Electric had 4 more articles in the media than IDACORP. MarketBeat recorded 9 mentions for Portland General Electric and 5 mentions for IDACORP. Portland General Electric's average media sentiment score of 0.75 beat IDACORP's score of 0.60 indicating that IDACORP is being referred to more favorably in the news media.
Summary
IDACORP beats Portland General Electric on 11 of the 21 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.
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