Evergy and IDACORP Utilities Compared

Analysts see more upside potential in Evergy stock compared to IDACORP

Published on Feb. 13, 2026

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IDACORP (NYSE:IDA) and Evergy (NASDAQ:EVRG) are both utility companies, but a comparison of the two shows some key differences. Evergy has higher revenue and earnings than IDACORP, and is trading at a lower price-to-earnings ratio, making it the more affordable of the two stocks. Analysts also see more potential upside in Evergy's stock compared to IDACORP's.

Why it matters

As investors look to diversify their portfolios with stable utility stocks, understanding the relative strengths and weaknesses of IDACORP and Evergy can help inform investment decisions in the sector.

The details

The analysis shows that Evergy has stronger institutional ownership, higher revenue and earnings, and a lower valuation compared to IDACORP. Evergy also has a higher dividend yield and a longer track record of consecutive dividend increases. Analysts covering the two companies have a more favorable view of Evergy, with a consensus target price suggesting more potential upside.

  • The data and analysis is current as of February 13, 2026.

The players

IDACORP

A utility company that generates, transmits, and distributes electricity in southern Idaho and eastern Oregon, serving around 633,000 retail customers.

Evergy

A utility company that generates, transmits, and distributes electricity in the Midwest, primarily in Kansas and Missouri.

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The takeaway

For investors seeking a stable utility stock, the analysis suggests Evergy may be the more attractive option compared to IDACORP based on its stronger financial performance, valuation, and analyst sentiment.