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BABA   86.19 (+0.33%)
AMD   98.07 (+2.20%)
T   14.87 (-1.00%)
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NYSE:IDA

IDACORP (IDA) Stock Forecast, Price & News

$94.44
-1.09 (-1.14%)
(As of 09/27/2023 ET)
Compare
Today's Range
$94.12
$95.65
50-Day Range
$93.16
$105.94
52-Week Range
$92.40
$112.96
Volume
377,853 shs
Average Volume
222,919 shs
Market Capitalization
$4.78 billion
P/E Ratio
17.52
Dividend Yield
3.35%
Price Target
$102.67

IDACORP MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.7% Upside
$102.67 Price Target
Short Interest
Healthy
1.88% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.88
Upright™ Environmental Score
News Sentiment
0.64mentions of IDACORP in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$143,608 Sold Last Quarter
Proj. Earnings Growth
6.36%
From $5.03 to $5.35 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Utilities Sector

59th out of 84 stocks

Electric Services Industry

31st out of 41 stocks


IDA stock logo

About IDACORP (NYSE:IDA) Stock

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, 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.

IDA Price History

IDA Stock News Headlines

IDACORP (IDA) Rewards Shareholders With 5.1% Dividend Hike
IDACORP (NYSE:IDA) Price Target Cut to $97.00
The Bio-Tech Stock That Needs Your Attention!
There a Few Opportunities Like This Stock! Sign Up Today And Get Our NExt Bio-Tech Alert!
IDACORP Increases Common Stock Dividend 5.1%
The Bio-Tech Stock That Needs Your Attention!
There a Few Opportunities Like This Stock! Sign Up Today And Get Our NExt Bio-Tech Alert!
IDACORP (NYSE: IDA)
Estimating The Fair Value Of IDACORP, Inc. (NYSE:IDA)
Q2 2023 Idacorp Inc Earnings Call
IdaCorp (IDA) Beats Q2 Earnings and Revenue Estimates
IDACORP Q2 Profit Tops Estimates; Reaffirms 2023 Earnings Guidance
IDACORP declares $0.79 dividend
See More Headlines
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IDA Company Calendar

Ex-Dividend for 8/31 Dividend
8/01/2023
Last Earnings
8/03/2023
Dividend Payable
8/31/2023
Today
9/27/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
45110710
Employees
2,070
Year Founded
1916

Price Target and Rating

Average Stock Price Forecast
$102.67
High Stock Price Forecast
$108.00
Low Stock Price Forecast
$97.00
Forecasted Upside/Downside
+8.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$258.98 million
Pretax Margin
17.51%

Debt

Sales & Book Value

Annual Sales
$1.78 billion
Cash Flow
$8.28 per share
Book Value
$55.67 per share

Miscellaneous

Free Float
50,377,000
Market Cap
$4.78 billion
Optionable
Optionable
Beta
0.61

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Key Executives

  • Ms. Lisa A. Grow (Age 58)
    CEO, Pres & Director
    Comp: $2.35M
  • Mr. Brian R. Buckham (Age 44)
    Sr. VP & CFO
    Comp: $959.89k
  • Mr. Kenneth W. Petersen (Age 59)
    VP, Chief Accounting Officer & Treasurer
    Comp: $565.2k
  • Mr. Jeffrey L. MalmenMr. Jeffrey L. Malmen (Age 55)
    Sr. VP of Public Affairs
    Comp: $774.56k
  • Mr. Adam J. Richins (Age 44)
    Sr. VP & COO of Idaho Power
    Comp: $1.01M
  • Mr. Jason C. Huszar
    VP of Information Technology & Chief Information Officer
  • Justin S. Forsberg
    Director of Investor Relations & Treasury
  • Ms. Julia A. Hilton
    VP & Gen. Counsel
  • Ms. 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.













IDA Stock - Frequently Asked Questions

Should I buy or sell IDACORP stock right now?

3 Wall Street equities 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 equities 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 price objectives for IDACORP's stock. Their IDA share price forecasts range from $97.00 to $108.00. On average, they expect the company's share price to reach $102.67 in the next twelve months. This suggests a possible upside of 8.6% 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 start of the year. Since then, IDA stock has decreased by 12.4% and is now trading at $94.52.
View the best growth stocks for 2023 here
.

Are investors shorting IDACORP?

IDACORP saw a increase in short interest in September. As of September 15th, there was short interest totaling 947,600 shares, an increase of 15.4% from the August 31st total of 820,800 shares. Based on an average daily volume of 258,900 shares, the days-to-cover ratio is currently 3.7 days. Approximately 1.9% 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, November 2nd 2023.
View our IDA earnings forecast
.

How were IDACORP's earnings last quarter?

IDACORP, Inc. (NYSE:IDA) posted its quarterly earnings data on Thursday, August, 3rd. The energy company reported $1.35 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.13. The energy company earned $413.84 million during the quarter, compared to the consensus estimate of $359.32 million. IDACORP had a net margin of 15.31% and a trailing twelve-month return on equity of 9.67%. During the same period in the previous year, the company earned $1.27 earnings per share.

How often does IDACORP pay dividends? What is the dividend yield for IDACORP?

IDACORP announced a quarterly dividend on Thursday, July 20th. Stockholders of record on Wednesday, August 2nd will be paid a dividend of $0.79 per share on Thursday, August 31st. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Tuesday, August 1st.
Read our dividend analysis for IDA
.

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 3.26%. 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 58.63%. 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 FY23 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $4.95-$5.15 for the period, compared to the consensus EPS estimate of $5.09.

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (12.18%), Alliancebernstein L.P. (3.35%), State Street Corp (3.18%), Geode Capital Management LLC (1.73%), American Trust (1.44%) and Victory Capital Management Inc. (1.38%). Insiders that own company stock include 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 $94.52.

How much money does IDACORP make?

IDACORP (NYSE:IDA) has a market capitalization of $4.78 billion and generates $1.78 billion in revenue each year. The energy company earns $258.98 million in net income (profit) each year or $5.39 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 9/27/2023 by MarketBeat.com Staff

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