IDACORP (IDA) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IDACORP in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street 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.

3 Wall Street analysts have issued 1-year target prices for IDACORP's stock. Their IDA share price forecasts range from $97.00 to $108.00. On average, they anticipate the company's share price to reach $102.67 in the next year. This suggests a possible upside of 5.9% from the stock's current price.
View analysts price targets for IDA or view top-rated stocks among Wall Street analysts.

IDACORP's stock was trading at $107.85 on January 1st, 2023. Since then, IDA shares have decreased by 10.1% and is now trading at $96.91.
View the best growth stocks for 2023 here.

IDACORP saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 820,800 shares, an increase of 15.9% from the August 15th total of 707,900 shares. Based on an average trading volume of 236,300 shares, the short-interest ratio is presently 3.5 days. Currently, 1.6% of the company's stock are sold short.
View IDACORP's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our IDA earnings forecast.

IDACORP, Inc. (NYSE:IDA) issued its quarterly earnings results on Thursday, August, 3rd. The energy company reported $1.35 earnings per share 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 analysts' expectations 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 quarter last year, the business posted $1.27 earnings per share.

IDACORP announced a quarterly dividend on Thursday, July 20th. Shareholders 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 annualized dividend and a yield of 3.26%. The ex-dividend date is Tuesday, August 1st.
Read our dividend analysis for IDA.

ETFs with the largest weight of IDACORP (NYSE:IDA) stock in their portfolio include Ecofin U.S. Renewables Infrastructure Trust (RNEW), First Trust EIP Carbon Impact ETF (ECLN), Invesco Dorsey Wright Utilities Momentum ETF (PUI), First Trust Utilities AlphaDEX Fund (FXU), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), Invesco S&P MidCap Low Volatility ETF (XMLV), First Trust North American Energy Infrastructure Fund (EMLP) and iShares U.S. Small Cap Equity Factor ETF (SMLF).

IDACORP (NYSE:IDA) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.24%. 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.

IDACORP issued an update on its FY23 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $4.95-$5.15 for the period, compared to the consensus earnings per share estimate of $5.09.

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.

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).

IDACORP trades on the New York Stock Exchange (NYSE) under the ticker symbol "IDA."

IDACORP's stock is owned by a number of institutional and retail investors. Top institutional shareholders 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.

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.
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One share of IDA stock can currently be purchased for approximately $96.91.

IDACORP (NYSE:IDA) has a market capitalization of $4.91 billion and generates $1.64 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.

The company employs 2,070 workers across the globe.

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.