IDA vs. PNW, OGE, POR, OTTR, ALE, PNM, MGEE, HE, ARRY, and UTL
Should you be buying IDACORP stock or one of its competitors? The main competitors of IDACORP include Pinnacle West Capital (PNW), OGE Energy (OGE), Portland General Electric (POR), Otter Tail (OTTR), ALLETE (ALE), PNM Resources (PNM), MGE Energy (MGEE), Hawaiian Electric Industries (HE), Array Technologies (ARRY), and Unitil (UTL). These companies are all part of the "electric utilities" industry.
IDACORP (NYSE:IDA) and Pinnacle West Capital (NYSE:PNW) are both mid-cap utilities companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, analyst recommendations, media sentiment, earnings, valuation, institutional ownership, risk, community ranking and dividends.
In the previous week, Pinnacle West Capital had 9 more articles in the media than IDACORP. MarketBeat recorded 13 mentions for Pinnacle West Capital and 4 mentions for IDACORP. Pinnacle West Capital's average media sentiment score of 0.99 beat IDACORP's score of 0.85 indicating that Pinnacle West Capital is being referred to more favorably in the news media.
IDACORP has a beta of 0.58, indicating that its share price is 42% less volatile than the S&P 500. Comparatively, Pinnacle West Capital has a beta of 0.51, indicating that its share price is 49% less volatile than the S&P 500.
IDACORP pays an annual dividend of $3.32 per share and has a dividend yield of 3.4%. Pinnacle West Capital pays an annual dividend of $3.52 per share and has a dividend yield of 4.2%. IDACORP pays out 66.7% of its earnings in the form of a dividend. Pinnacle West Capital pays out 76.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
IDACORP has a net margin of 14.18% compared to Pinnacle West Capital's net margin of 11.09%. IDACORP's return on equity of 8.71% beat Pinnacle West Capital's return on equity.
Pinnacle West Capital received 183 more outperform votes than IDACORP when rated by MarketBeat users. However, 50.12% of users gave IDACORP an outperform vote while only 41.97% of users gave Pinnacle West Capital an outperform vote.
Pinnacle West Capital has higher revenue and earnings than IDACORP. Pinnacle West Capital is trading at a lower price-to-earnings ratio than IDACORP, indicating that it is currently the more affordable of the two stocks.
89.1% of IDACORP shares are owned by institutional investors. Comparatively, 91.5% of Pinnacle West Capital shares are owned by institutional investors. 0.5% of IDACORP shares are owned by company insiders. Comparatively, 0.2% of Pinnacle West Capital shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
IDACORP presently has a consensus target price of $96.40, indicating a potential downside of 1.09%. Pinnacle West Capital has a consensus target price of $76.77, indicating a potential downside of 9.37%. Given IDACORP's higher probable upside, research analysts plainly believe IDACORP is more favorable than Pinnacle West Capital.
Summary
IDACORP beats Pinnacle West Capital 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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