IDA vs. PNW, OGE, POR, OTTR, ALE, PNM, MGEE, ARRY, HE, 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), Array Technologies (ARRY), Hawaiian Electric Industries (HE), and Unitil (UTL). These companies are all part of the "electric utilities" industry.
Pinnacle West Capital (NYSE:PNW) and IDACORP (NYSE:IDA) are both mid-cap utilities companies, but which is the superior investment? We will contrast the two businesses based on the strength of their dividends, community ranking, risk, earnings, institutional ownership, media sentiment, profitability, valuation and analyst recommendations.
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.
In the previous week, IDACORP had 7 more articles in the media than Pinnacle West Capital. MarketBeat recorded 12 mentions for IDACORP and 5 mentions for Pinnacle West Capital. IDACORP's average media sentiment score of 0.93 beat Pinnacle West Capital's score of 0.60 indicating that Pinnacle West Capital is being referred to more favorably in the media.
Pinnacle West Capital received 181 more outperform votes than IDACORP when rated by MarketBeat users. However, 50.25% of users gave IDACORP an outperform vote while only 42.08% of users gave Pinnacle West Capital an outperform vote.
Pinnacle West Capital pays an annual dividend of $3.52 per share and has a dividend yield of 4.5%. IDACORP pays an annual dividend of $3.32 per share and has a dividend yield of 3.5%. 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 pays out 66.7% of its earnings in the form of a dividend. Pinnacle West Capital has raised its dividend for 12 consecutive years and IDACORP has raised its dividend for 12 consecutive years.
91.5% of Pinnacle West Capital shares are owned by institutional investors. Comparatively, 89.1% of IDACORP shares are owned by institutional investors. 0.2% of Pinnacle West Capital shares are owned by company insiders. Comparatively, 0.5% of IDACORP shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
IDACORP has a net margin of 14.18% compared to IDACORP's net margin of 11.09%. Pinnacle West Capital's return on equity of 8.71% beat IDACORP's return on equity.
Pinnacle West Capital currently has a consensus target price of $74.58, indicating a potential downside of 5.42%. IDACORP has a consensus target price of $97.40, indicating a potential upside of 2.02%. Given Pinnacle West Capital's higher possible upside, analysts plainly believe IDACORP is more favorable than Pinnacle West Capital.
Pinnacle West Capital has a beta of 0.48, meaning that its stock price is 52% less volatile than the S&P 500. Comparatively, IDACORP has a beta of 0.55, meaning that its stock price is 45% less volatile than the S&P 500.
Summary
IDACORP beats Pinnacle West Capital on 12 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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