Head to Head Review: IDACORP (NYSE:IDA) and Genie Energy (NYSE:GNE)

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

Valuation & Earnings

This table compares Genie 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
Genie Energy	$501.97 million	0.88	$24.01 million	$0.81	20.64
IDACORP	$1.81 billion	4.69	$323.47 million	$6.51	22.60

IDACORP has higher revenue and earnings than Genie Energy. Genie Energy is trading at a lower price-to-earnings ratio than IDACORP, indicating that it is currently the more affordable of the two stocks.

Risk and Volatility

Genie Energy has a beta of 0.16, meaning that its stock price is 84% less volatile than the S&P 500. Comparatively, IDACORP has a beta of 0.48, meaning that its stock price is 52% less volatile than the S&P 500.

Dividends

Genie Energy pays an annual dividend of $0.30 per share and has a dividend yield of 1.8%. IDACORP pays an annual dividend of $3.52 per share and has a dividend yield of 2.4%. Genie Energy pays out 37.0% of its earnings in the form of a dividend. IDACORP pays out 54.1% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. IDACORP has raised its dividend for 13 consecutive years. IDACORP is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Institutional & Insider Ownership

49.1% of Genie Energy shares are owned by institutional investors. Comparatively, 89.1% of IDACORP shares are owned by institutional investors. 18.5% of Genie Energy shares are owned by insiders. Comparatively, 0.3% of IDACORP shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Analyst Recommendations

This is a breakdown of recent ratings and price targets for Genie Energy and IDACORP, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Genie Energy	0	2	0	0	2.00
IDACORP	0	2	6	0	2.75

IDACORP has a consensus price target of $150.29, suggesting a potential upside of 2.17%. Given IDACORP’s stronger consensus rating and higher probable upside, analysts clearly believe IDACORP is more favorable than Genie Energy.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Genie Energy	5.05%	12.80%	7.82%
IDACORP	18.78%	9.34%	3.24%

Summary

IDACORP beats Genie Energy on 12 of the 16 factors compared between the two stocks.

About Genie Energy

Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities. Genie Energy Ltd. was incorporated in 2011 and is headquartered in Newark, New Jersey.

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.