IDACORP (NYSE:IDA) and CLP (OTCMKTS:CLPHY) are both utilities companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, risk, valuation, profitability, earnings, analyst recommendations and dividends.
Insider & Institutional Ownership
76.8% of IDACORP shares are owned by institutional investors. 0.7% of IDACORP shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
This is a breakdown of recent ratings and recommmendations for IDACORP and CLP, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
IDACORP presently has a consensus price target of $88.00, suggesting a potential downside of 10.94%. Given IDACORP’s higher probable upside, research analysts plainly believe IDACORP is more favorable than CLP.
This table compares IDACORP and CLP’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Volatility & Risk
IDACORP has a beta of 0.39, indicating that its stock price is 61% less volatile than the S&P 500. Comparatively, CLP has a beta of 0.23, indicating that its stock price is 77% less volatile than the S&P 500.
IDACORP pays an annual dividend of $2.52 per share and has a dividend yield of 2.6%. CLP pays an annual dividend of $0.57 per share and has a dividend yield of 5.0%. IDACORP pays out 56.1% of its earnings in the form of a dividend. CLP pays out 79.2% 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 raised its dividend for 7 consecutive years.
Earnings & Valuation
This table compares IDACORP and CLP’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|IDACORP||$1.37 billion||3.63||$226.80 million||$4.49||22.01|
|CLP||$11.81 billion||N/A||$1.86 billion||$0.72||15.97|
CLP has higher revenue and earnings than IDACORP. CLP is trading at a lower price-to-earnings ratio than IDACORP, indicating that it is currently the more affordable of the two stocks.
IDACORP beats CLP on 11 of the 14 factors compared between the two stocks.
IDACORP, Inc., through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon; 3 natural gas-fired plants in southern Idaho; and interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon. As of December 31, 2018, it also had approximately 4,816 pole-miles of high-voltage transmission lines; 24 step-up transmission substations located at power plants; 21 transmission substations; 9 switching stations; 32 mixed-use transmission and distribution substations; 183 energized distribution substations; and 27,569 pole-miles of distribution lines, as well as provides electric utility services to approximately 558,000 retail customers in southern Idaho and eastern Oregon. The company's principal commercial and industrial customers are involved in food processing, electronics and general manufacturing, agriculture, health care, and winter recreation activities. IDACORP, Inc., through its other subsidiaries, invests in housing and other real estate investments. The company was founded in 1915 and is headquartered in Boise, Idaho.
CLP Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, Mainland China, India, Southeast Asia, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, wind, hydro, solar, and oil sources. As of December 31, 2018, it had equity generating capacity of 19,108 megawatts (MW) and purchasing capacity of 4,597 MW. The company is also involved in the provision of pumped storage and engineering services; research and development, and property investment activities; and retail of electricity and gas. CLP Holdings Limited was founded in 1901 and is based in Hung Hom, Hong Kong.
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