Financial Contrast: NV Energy (NVE) versus IDACORP (IDA)

NV Energy (NYSE: NVE) and IDACORP (NYSE:IDA) are both utilities companies, but which is the superior business? We will contrast the two companies based on the strength of their risk, dividends, profitability, valuation, institutional ownership, earnings and analyst recommendations.

Valuation & Earnings

This table compares NV Energy and IDACORP’s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
NV Energy N/A N/A N/A N/A N/A
IDACORP $1.26 billion 3.33 $198.28 million $4.10 20.31

IDACORP has higher revenue and earnings than NV Energy.

Institutional and Insider Ownership

75.5% of IDACORP shares are held by institutional investors. 0.7% of IDACORP shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Profitability

This table compares NV Energy and IDACORP’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
NV Energy N/A N/A N/A
IDACORP 15.46% 9.44% 3.29%

Analyst Ratings

This is a summary of recent ratings and recommmendations for NV Energy and IDACORP, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
NV Energy 0 0 0 0 N/A
IDACORP 1 1 0 0 1.50

IDACORP has a consensus price target of $85.00, indicating a potential upside of 2.05%.

Dividends

IDACORP pays an annual dividend of $2.36 per share and has a dividend yield of 2.8%. NV Energy does not pay a dividend. IDACORP pays out 57.6% of its earnings in the form of a dividend. NV Energy has increased its dividend for 6 consecutive years.

Summary

IDACORP beats NV Energy on 7 of the 9 factors compared between the two stocks.

NV Energy Company Profile

NV Energy, Inc. (NVE) is an investor-owned holding company. NVE has four primary, wholly owned subsidiaries: Nevada Power Company (NPC), doing business as NV Energy, Sierra Pacific Power Company (SPPC) doing business as NV Energy, NVE Insurance Company, Inc. and Lands of Sierra. The NPC and SPPC (Utilities) operate three business segments: NPC electric; SPPC electric, and SPPC natural gas. Electric service is provided by NPC to Las Vegas and surrounding Clark County, and by SPPC to northern Nevada. Natural gas service is provided by SPPC in the Reno-Sparks area of Nevada. Nevada Electrical Investment Company (NEICO) is a wholly owned subsidiary of NPC. On December 19, 2013, MidAmerican Energy Holdings Company (MidAmerican) completed the merger of NV Energy, Inc. (NVE) and Silver Merger Sub, Inc., a subsidiary of MidAmerican, and following the completion of the merger (the NVE Merger) NVE became an indirect wholly owned subsidiary of MidAmerican.

IDACORP Company Profile

IDACORP, Inc. is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power). The Company’s segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity. Idaho Power is the parent of Idaho Energy Resources Co. (IERCo), a joint venturer in Bridger Coal Company, which mines and supplies coal to the Jim Bridger generating plant owned in part by Idaho Power. Its subsidiaries also include IDACORP Financial Services, Inc., an investor in affordable housing and other real estate investments, and Ida-West Energy Company, an operator of small hydroelectric generation projects. As of December 31, 2016, Idaho Power provided electric utility service to approximately 535,000 general business customers in southern Idaho and eastern Oregon.

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