NYSE:IDA IDACORP (IDA) Stock Forecast, Price & News $105.58 -0.50 (-0.47%) (As of 02:29 PM ET) Add Compare Share Share Today's Range$104.93▼$106.2250-Day Range$102.61▼$112.8852-Week Range$93.53▼$115.92Volume68,589 shsAverage Volume199,166 shsMarket Capitalization$5.34 billionP/E Ratio19.88Dividend Yield2.99%Price Target$106.67 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability IDACORP MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside0.9% Upside$106.67 Price TargetShort InterestBearish1.71% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-1.88Upright™ Environmental ScoreNews Sentiment0.73Based on 5 Articles This WeekInsider TradingSelling Shares$12,879 Sold Last QuarterProj. Earnings Growth5.52%From $5.07 to $5.35 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.16 out of 5 starsUtilities Sector55th out of 87 stocksElectric Services Industry23rd out of 43 stocks 1.0 Analyst's Opinion Consensus RatingIDACORP has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $106.67, IDACORP has a forecasted upside of 0.9% from its current price of $105.67.Amount of Analyst CoverageIDACORP has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.71% of the float of IDACORP has been sold short.Short Interest Ratio / Days to CoverIDACORP has a short interest ratio ("days to cover") of 4.5.Change versus previous monthShort interest in IDACORP has recently increased by 10.24%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldIDACORP pays a meaningful dividend of 3.05%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthIDACORP has been increasing its dividend for 11 years.Dividend CoverageThe dividend payout ratio of IDACORP is 59.51%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, IDACORP will have a dividend payout ratio of 59.07% next year. This indicates that IDACORP will be able to sustain or increase its dividend. Previous Next 3.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreIDACORP has received a 27.28% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retailing electricity produced with hydropower", "Electricity produced with hydropower", "Electricity distribution services of electricity produced with renewable energy sources", and "Retailing electricity produced with biomass" products. See details.Environmental SustainabilityThe Environmental Impact score for IDACORP is -1.88. Previous Next 3.2 News and Social Media Coverage News SentimentIDACORP has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 5 news articles for IDACORP this week, compared to 3 articles on an average week.MarketBeat Follows1 people have added IDACORP to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, IDACORP insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $12,879.00 in company stock.Percentage Held by InsidersOnly 0.47% of the stock of IDACORP is held by insiders.Percentage Held by Institutions79.38% of the stock of IDACORP is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for IDACORP are expected to grow by 5.52% in the coming year, from $5.07 to $5.35 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of IDACORP is 19.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.66.Price to Earnings Ratio vs. SectorThe P/E ratio of IDACORP is 19.90, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.27.Price to Earnings Growth RatioIDACORP has a PEG Ratio of 5.57. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioIDACORP has a P/B Ratio of 1.90. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About IDACORP (NYSE:IDA) StockIDACORP, 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, 2022, it had approximately 4,832 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; 189 energized distribution substations; and 29,384 pole-miles of distribution lines, as well as provides electric utility services to approximately 618,000 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.Read More Receive IDA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for IDACORP and its competitors with MarketBeat's FREE daily newsletter. Email Address IDA Stock News HeadlinesJune 7, 2023 | americanbankingnews.comMitchel D. Colburn Sells 123 Shares of IDACORP, Inc. (NYSE:IDA) StockJune 3, 2023 | americanbankingnews.comHead to Head Survey: Altus Power (NYSE:AMPS) and IDACORP (NYSE:IDA)June 8, 2023 | Edge On The Street (Ad)New "Mined in America" Lithium Opportunities?The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.May 19, 2023 | finance.yahoo.comIDACORP and Idaho Power add Albertsons and Boise Cascade Executives to their Boards of DirectorsMay 18, 2023 | finance.yahoo.comrPlus Energies Further Expands into Idaho with 200-Megawatt Pleasant Valley Solar Project, Idaho Power's Largest Contracted Solar Facility to Date, to Support MetaMay 17, 2023 | msn.comIdacorp's Return On Capital Employed InsightsMay 16, 2023 | finance.yahoo.comIDACORP, Inc. 2023 Annual Meeting of Shareholders Scheduled for May 18May 11, 2023 | americanbankingnews.comIDACORP (NYSE:IDA) Downgraded by StockNews.com to SellJune 8, 2023 | Edge On The Street (Ad)New "Mined in America" Lithium Opportunities?The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.May 8, 2023 | americanbankingnews.comIDACORP (NYSE:IDA) Rating Reiterated by 1-800-FLOWERS.COMMay 8, 2023 | americanbankingnews.com1-800-FLOWERS.COM Reaffirms Maintains Rating for IDACORP (NYSE:IDA)May 8, 2023 | americanbankingnews.comIDACORP (NYSE:IDA) Given Maintains Rating at 1-800-FLOWERS.COMMay 5, 2023 | finance.yahoo.comQ1 2023 Idacorp Inc Earnings CallMay 4, 2023 | finance.yahoo.comIDACORP, Inc. Announces First Quarter 2023 Results, Affirms 2023 Earnings GuidanceMay 3, 2023 | americanbankingnews.comIDACORP (IDA) Scheduled to Post Quarterly Earnings on ThursdayMay 1, 2023 | americanbankingnews.comIDACORP, Inc. (NYSE:IDA) Declares Quarterly Dividend of $0.79April 27, 2023 | finance.yahoo.comIdaCorp (IDA) Reports Next Week: Wall Street Expects Earnings GrowthApril 25, 2023 | seekingalpha.comIdacorp: Hold This Energy Company To Profit From Idaho's Growth (Technical Analysis)April 20, 2023 | finance.yahoo.comIDACORP Schedules First Quarter 2023 Earnings Release & Conference CallApril 18, 2023 | nasdaq.comIdacorp Reaches Analyst Target PriceApril 16, 2023 | americanbankingnews.comStockNews.com Upgrades IDACORP (NYSE:IDA) to "Hold"April 7, 2023 | americanbankingnews.comIDACORP (NYSE:IDA) Shares Up 2.8%April 6, 2023 | americanbankingnews.comIDACORP (NYSE:IDA) Downgraded by Mizuho to "Neutral"March 30, 2023 | finance.yahoo.comIDACORP, Inc.'s (NYSE:IDA) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?March 15, 2023 | finance.yahoo.comPositive week for IDACORP, Inc. (NYSE:IDA) institutional investors who lost 2.3% over the past yearFebruary 28, 2023 | finance.yahoo.comDo IDACORP's (NYSE:IDA) Earnings Warrant Your Attention?February 16, 2023 | finance.yahoo.comIdaCorp (IDA) Surpasses Q4 Earnings and Revenue EstimatesSee More Headlines IDA Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IDA Company Calendar Ex-Dividend for 5/31 Dividend5/02/2023Last Earnings5/04/2023Dividend Payable5/31/2023Today6/08/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Utilities—Regulated Electric Sub-IndustryElectric Utilities SectorUtilities Current SymbolNYSE:IDA CUSIP45110710 CIK1057877 Webwww.idacorpinc.com Phone(208) 388-2200Fax208-388-6916Employees2,070Year Founded1916Price Target and Rating Average Stock Price Forecast$106.67 High Stock Price Forecast$110.00 Low Stock Price Forecast$103.00 Forecasted Upside/Downside+0.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$5.31 Trailing P/E Ratio19.98 Forward P/E Ratio20.92 P/E Growth5.59Net Income$258.98 million Net Margins15.54% Pretax Margin17.83% Return on Equity9.65% Return on Assets3.54% Debt Debt-to-Equity Ratio0.88 Current Ratio1.86 Quick Ratio1.63 Sales & Book Value Annual Sales$1.73 billion Price / Sales3.10 Cash Flow$8.70 per share Price / Cash Flow12.19 Book Value$55.67 per share Price / Book1.91Miscellaneous Outstanding Shares50,608,000Free Float50,370,000Market Cap$5.37 billion OptionableOptionable Beta0.62 Social Links Key ExecutivesMs. Lisa A. Grow (Age 58)CEO, Pres & Director Comp: $2.35MMr. Brian R. Buckham (Age 44)Sr. VP & CFO Comp: $959.89kMr. Kenneth W. Petersen (Age 59)VP, Chief Accounting Officer & Treasurer Comp: $565.2kMr. Jeffrey L. Malmen (Age 55)Sr. VP of Public Affairs Comp: $774.56kMr. Adam J. Richins (Age 44)Sr. VP & COO of Idaho Power Comp: $1.01MMr. Jason C. HuszarVP of Information Technology & Chief Information OfficerJustin S. ForsbergDirector of Investor Relations & TreasuryMs. Julia A. HiltonVP & Gen. CounselMs. Debra H. Leithauser (Age 53)VP of Corp. Services & Communications for Idaho Power Ms. Sarah E. Griffin (Age 53)VP of HR for Idaho Power. More ExecutivesKey CompetitorsPortland General ElectricNYSE:PORHawaiian Electric IndustriesNYSE:HEPNM ResourcesNYSE:PNMOGE EnergyNYSE:OGEOtter TailNASDAQ:OTTRView All CompetitorsInsiders & InstitutionsAurora Investment CounselSold 6,876 shares on 6/5/2023Ownership: 0.002%Mitchel D ColburnSold 123 sharesTotal: $12,879.33 ($104.71/share)Macquarie Group Ltd.Sold 6,624 shares on 6/1/2023Ownership: 0.046%Ontario Teachers Pension Plan BoardBought 7,771 shares on 6/1/2023Ownership: 0.040%ProShare Advisors LLCSold 633 shares on 5/26/2023Ownership: 0.006%View All Insider TransactionsView All Institutional Transactions IDA Stock - Frequently Asked Questions Should I buy or sell IDACORP stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IDACORP in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" IDA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IDA, but not buy additional shares or sell existing shares. View IDA analyst ratings or view top-rated stocks. What is IDACORP's stock price forecast for 2023? 3 brokerages have issued 1 year target prices for IDACORP's stock. Their IDA share price forecasts range from $103.00 to $110.00. On average, they anticipate the company's share price to reach $106.67 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price. View analysts price targets for IDA or view top-rated stocks among Wall Street analysts. How have IDA shares performed in 2023? IDACORP's stock was trading at $107.85 at the beginning of 2023. Since then, IDA stock has decreased by 1.6% and is now trading at $106.08. View the best growth stocks for 2023 here. Are investors shorting IDACORP? IDACORP saw a increase in short interest in May. As of May 15th, there was short interest totaling 862,300 shares, an increase of 10.2% from the April 30th total of 782,200 shares. Based on an average trading volume of 192,200 shares, the short-interest ratio is currently 4.5 days. Currently, 1.7% of the shares of the stock are short sold. View IDACORP's Short Interest. When is IDACORP's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023. View our IDA earnings forecast. How were IDACORP's earnings last quarter? IDACORP, Inc. (NYSE:IDA) posted its quarterly earnings data on Thursday, May, 4th. The energy company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.95 by $0.16. The energy company had revenue of $429.66 million for the quarter, compared to the consensus estimate of $346.62 million. IDACORP had a trailing twelve-month return on equity of 9.65% and a net margin of 15.54%. During the same quarter in the prior year, the business posted $0.91 earnings per share. How often does IDACORP pay dividends? What is the dividend yield for IDACORP? IDACORP announced a quarterly dividend on Thursday, April 20th. Stockholders of record on Wednesday, May 3rd will be given a dividend of $0.79 per share on Wednesday, May 31st. This represents a $3.16 annualized dividend and a yield of 2.98%. The ex-dividend date is Tuesday, May 2nd. Read our dividend analysis for IDA. What ETFs hold IDACORP's stock? ETFs with the largest weight of IDACORP (NYSE:IDA) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Ecofin U.S. Renewables Infrastructure Trust (RNEW), First Trust EIP Carbon Impact ETF (ECLN), Invesco S&P MidCap Low Volatility ETF (XMLV), First Trust Utilities AlphaDEX Fund (FXU), Invesco DWA Utilities Momentum ETF (PUI), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and FlexShares US Quality Low Volatility Index Fund (QLV). Is IDACORP a good dividend stock? IDACORP (NYSE:IDA) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.05%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 59.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IDA will have a dividend payout ratio of 59.07% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for IDA. What guidance has IDACORP issued on next quarter's earnings? IDACORP issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $4.95-$5.15 for the period, compared to the consensus EPS estimate of $5.08. The company issued revenue guidance of -. What is Hal Koyama's approval rating as IDACORP's CEO? 1 employees have rated IDACORP Chief Executive Officer Hal Koyama on Glassdoor.com. Hal Koyama has an approval rating of 100% among the company's employees. This puts Hal Koyama in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of IDACORP own? Based on aggregate information from My MarketBeat watchlists, some companies that other IDACORP investors own include Johnson & Johnson (JNJ), AT&T (T), AbbVie (ABBV), Costco Wholesale (COST), International Business Machines (IBM), Pfizer (PFE), Procter & Gamble (PG), Walmart (WMT), Avista (AVA) and Bristol-Myers Squibb (BMY). What is IDACORP's stock symbol? IDACORP trades on the New York Stock Exchange (NYSE) under the ticker symbol "IDA." Who are IDACORP's major shareholders? IDACORP's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.48%), State Street Corp (3.22%), FMR LLC (2.87%), Parnassus Investments LLC (2.34%), Geode Capital Management LLC (1.65%) and GW&K Investment Management LLC (1.64%). Insiders that own company stock include Christine King, Jeffrey L Malmen and Mitchel D Colburn. View institutional ownership trends. How do I buy shares of IDACORP? Shares of IDA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is IDACORP's stock price today? One share of IDA stock can currently be purchased for approximately $106.08. How much money does IDACORP make? IDACORP (NYSE:IDA) has a market capitalization of $5.37 billion and generates $1.73 billion in revenue each year. The energy company earns $258.98 million in net income (profit) each year or $5.31 on an earnings per share basis. How many employees does IDACORP have? The company employs 2,070 workers across the globe. How can I contact IDACORP? IDACORP's mailing address is 1221 WEST IDAHO STREET, BOISE ID, 83702. The official website for the company is www.idacorpinc.com. The energy company can be reached via phone at (208) 388-2200, via email at jforsberg@idacorpinc.com, or via fax at 208-388-6916. This page (NYSE:IDA) was last updated on 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding IDACORP, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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