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.
IDACORP (NYSE:IDA) and Pinnacle West Capital (NYSE:PNW) are both mid-cap utilities companies, but which is the superior stock? We will compare the two businesses based on the strength of their analyst recommendations, risk, profitability, dividends, community ranking, earnings, valuation, institutional ownership and media sentiment.
IDACORP has a beta of 0.55, meaning that its stock price is 45% less volatile than the S&P 500. Comparatively, Pinnacle West Capital has a beta of 0.48, meaning that its stock price is 52% less volatile than the S&P 500.
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 insiders. Comparatively, 0.2% of Pinnacle West Capital shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
IDACORP pays an annual dividend of $3.32 per share and has a dividend yield of 3.5%. Pinnacle West Capital pays an annual dividend of $3.52 per share and has a dividend yield of 4.5%. 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.
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 13 mentions for IDACORP and 6 mentions for Pinnacle West Capital. Pinnacle West Capital's average media sentiment score of 0.93 beat IDACORP's score of 0.60 indicating that Pinnacle West Capital is being referred to more favorably in the news media.
IDACORP currently has a consensus price target of $97.40, suggesting a potential upside of 2.02%. Pinnacle West Capital has a consensus price target of $74.58, suggesting a potential downside of 5.42%. Given IDACORP's higher possible upside, research analysts plainly believe IDACORP is more favorable than Pinnacle West Capital.
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.
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.
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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