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NYSE:IDA

IDACORP (IDA) Stock Forecast, Price & News

$105.58
-0.50 (-0.47%)
(As of 02:29 PM ET)
Compare
Today's Range
$104.93
$106.22
50-Day Range
$102.61
$112.88
52-Week Range
$93.53
$115.92
Volume
68,589 shs
Average Volume
199,166 shs
Market Capitalization
$5.34 billion
P/E Ratio
19.88
Dividend Yield
2.99%
Price Target
$106.67

IDACORP MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.9% Upside
$106.67 Price Target
Short Interest
Bearish
1.71% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.88
Upright™ Environmental Score
News Sentiment
0.73mentions of IDACORP in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$12,879 Sold Last Quarter
Proj. Earnings Growth
5.52%
From $5.07 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.

2.16 out of 5 stars

Utilities Sector

55th out of 87 stocks

Electric Services Industry

23rd out of 43 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.

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IDA Stock News Headlines

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.
IDACORP (NYSE:IDA) Downgraded by StockNews.com to Sell
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.
IDACORP (NYSE:IDA) Rating Reiterated by 1-800-FLOWERS.COM
Q1 2023 Idacorp Inc Earnings Call
Idacorp Reaches Analyst Target Price
StockNews.com Upgrades IDACORP (NYSE:IDA) to "Hold"
IDACORP (NYSE:IDA) Shares Up 2.8%
IDACORP (NYSE:IDA) Downgraded by Mizuho to "Neutral"
Do IDACORP's (NYSE:IDA) Earnings Warrant Your Attention?
IdaCorp (IDA) Surpasses Q4 Earnings and Revenue Estimates
See More Headlines

IDA Price History

IDA Company Calendar

Ex-Dividend for 5/31 Dividend
5/02/2023
Last Earnings
5/04/2023
Dividend Payable
5/31/2023
Today
6/08/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price 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 Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$258.98 million
Pretax Margin
17.83%

Debt

Sales & Book Value

Annual Sales
$1.73 billion
Cash Flow
$8.70 per share
Book Value
$55.67 per share

Miscellaneous

Free Float
50,370,000
Market Cap
$5.37 billion
Optionable
Optionable
Beta
0.62

Social Links


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 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
.

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

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