IDACORP (IDA) versus Its Competitors Head to Head Survey

IDACORP (NYSE:IDA) is one of 105 publicly-traded companies in the “Electric Utilities” industry, but how does it contrast to its competitors? We will compare IDACORP to related businesses based on the strength of its earnings, profitability, institutional ownership, dividends, risk, valuation and analyst recommendations.

Institutional & 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 endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Analyst Recommendations

This is a summary of current ratings and target prices for IDACORP and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IDACORP	0	2	6	0	2.75
IDACORP Competitors	1434	6560	5533	145	2.32

IDACORP presently has a consensus price target of $152.29, indicating a potential upside of 3.92%. As a group, “Electric Utilities” companies have a potential upside of 5.27%. Given IDACORP’s competitors higher possible upside, analysts clearly believe IDACORP has less favorable growth aspects than its competitors.

Earnings and Valuation

This table compares IDACORP and its competitors gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
IDACORP	$1.81 billion	$323.47 million	22.51
IDACORP Competitors	$14.11 billion	$1.54 billion	20.07

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.

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	14.14%	9.68%	3.20%

Risk & Volatility

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 -1.86, suggesting that their average stock price is 286% less volatile than the S&P 500.

Dividends

IDACORP pays an annual dividend of $3.52 per share and has a dividend yield of 2.4%. IDACORP pays out 54.1% of its earnings in the form of a dividend. As a group, “Electric Utilities” companies pay a dividend yield of 3.2% and pay out 64.3% of their earnings in the form of a dividend. IDACORP has increased its dividend for 13 consecutive years.

Summary

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

About IDACORP

IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada. As of December 31, 2023, it had approximately 4,762 pole-miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 11 switching stations; 30 mixed-use transmission and distribution substations; 186 energized distribution substations; and 29,714 pole-miles of distribution lines, and 131 MW of battery storage, as well as provides electric utility services to approximately 633,000 retail customers in southern Idaho and eastern Oregon. The company serves commercial and industrial customers, which involved in food processing, electronics and general manufacturing, agriculture, health care, government, and education. It also invests in housing and other real estate tax credit investments. IDACORP, Inc. was founded in 1915 and is headquartered in Boise, Idaho.