IDACORP (IDA) vs. Its Competitors Head-To-Head Contrast

IDACORP (NYSE:IDA) is one of 103 public companies in the “Electric Utilities” industry, but how does it contrast to its competitors? We will compare IDACORP to similar businesses based on the strength of its profitability, institutional ownership, dividends, risk, valuation, analyst recommendations and earnings.

Volatility and Risk

IDACORP has a beta of 0.47, suggesting that its stock price is 53% less volatile than the S&P 500. Comparatively, IDACORP’s competitors have a beta of -2.37, suggesting that their average stock price is 337% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent recommendations for IDACORP and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IDACORP	0	2	6	0	2.75
IDACORP Competitors	1426	6543	5520	140	2.32

IDACORP currently has a consensus target price of $152.29, indicating a potential upside of 3.79%. As a group, “Electric Utilities” companies have a potential upside of 3.96%. Given IDACORP’s competitors higher probable upside, analysts clearly believe IDACORP has less favorable growth aspects than its competitors.

Earnings & Valuation

This table compares IDACORP and its competitors revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
IDACORP	$1.81 billion	$323.47 million	22.54
IDACORP Competitors	$14.48 billion	$1.54 billion	20.17

IDACORP’s competitors have higher revenue and earnings than IDACORP. IDACORP is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Dividends

IDACORP pays an annual dividend of $3.60 per share and has a dividend yield of 2.5%. IDACORP pays out 55.3% of its earnings in the form of a dividend. As a group, “Electric Utilities” companies pay a dividend yield of 3.1% and pay out 64.0% of their earnings in the form of a dividend. IDACORP has raised its dividend for 13 consecutive years.

Institutional and Insider Ownership

89.1% of IDACORP shares are owned by institutional investors. Comparatively, 60.0% of shares of all “Electric Utilities” companies are owned by institutional investors. 0.3% of IDACORP shares are owned by insiders. Comparatively, 6.2% of shares of all “Electric Utilities” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Profitability

This table compares IDACORP and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
IDACORP	19.84%	9.92%	3.48%
IDACORP Competitors	14.26%	9.78%	3.23%

Summary

IDACORP beats its competitors on 9 of the 15 factors compared.

IDACORP Company Profile

IDACORP, Inc. is an energy holding company whose principal subsidiary, Idaho Power Company, provides regulated electric service. Idaho Power generates, transmits and distributes electricity to homes, businesses and other customers. Idaho Power serves a territory spanning southern Idaho and parts of eastern Oregon. Its electricity comes from a mix of generating resources, including hydroelectric facilities, thermal plants and renewable energy sources. Idaho Power traces its roots to 1916, while IDACORP became the utility’s publicly traded parent company in 1998.