NYSE:IDA IDACORP (IDA) Stock Forecast, Price & News $91.16 -2.49 (-2.66%) (As of 10:27 AM ET) Add Compare Share Share Today's Range$91.15▼$93.2550-Day Range$93.16▼$105.8852-Week Range$91.15▼$112.96Volume73,302 shsAverage Volume224,157 shsMarket Capitalization$4.61 billionP/E Ratio16.91Dividend Yield3.47%Price Target$102.67 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability IDACORP MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside12.4% Upside$102.67 Price TargetShort InterestHealthy1.88% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-1.88Upright™ Environmental ScoreNews Sentiment0.81Based on 4 Articles This WeekInsider TradingSelling Shares$143,608 Sold Last QuarterProj. Earnings Growth6.36%From $5.03 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.2.51 out of 5 starsUtilities Sector63rd out of 87 stocksElectric Services Industry31st out of 40 stocks 2.0 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 $102.67, IDACORP has a forecasted upside of 12.4% from its current price of $91.34.Amount of Analyst CoverageIDACORP has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.88% of the float of IDACORP has been sold short.Short Interest Ratio / Days to CoverIDACORP has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in IDACORP has recently increased by 15.45%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldIDACORP pays a meaningful dividend of 3.37%, 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 58.63%. 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 2.7 News and Social Media Coverage News SentimentIDACORP has a news sentiment score of 0.81. 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 0.44 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 4 news articles for IDACORP this week, compared to 3 articles on an average week.MarketBeat FollowsOnly 2 people have added IDACORP to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 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 $143,608.00 in company stock.Percentage Held by InsidersOnly 0.47% of the stock of IDACORP is held by insiders.Percentage Held by Institutions83.00% 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 6.36% in the coming year, from $5.03 to $5.35 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of IDACORP is 16.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.38.Price to Earnings Ratio vs. SectorThe P/E ratio of IDACORP is 16.95, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 85.49.Price to Earnings Growth RatioIDACORP has a PEG Ratio of 5.05. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioIDACORP has a P/B Ratio of 1.64. 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 IDA Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IDA Stock News HeadlinesSeptember 25, 2023 | finance.yahoo.comIDACORP (IDA) Rewards Shareholders With 5.1% Dividend HikeSeptember 24, 2023 | americanbankingnews.comIDACORP (NYSE:IDA) Price Target Cut to $97.00October 2, 2023 | Wall Street Fundamentals (Ad)How is This "Hidden Gem" Thriving in a Turbulent Market?While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.September 22, 2023 | finance.yahoo.comIDACORP Increases Common Stock Dividend 5.1%September 21, 2023 | seekingalpha.comIdacorp: Dividends A Positive; Valuations, Economic Value Not So MuchSeptember 18, 2023 | finance.yahoo.comIs IDACORP, Inc.'s (NYSE:IDA) Stock On A Downtrend As A Result Of Its Poor Financials?September 15, 2023 | finance.yahoo.comInsider Sell: SVP of Public Affairs Jeffrey Malmen Sells 1,463 Shares of Idacorp IncSeptember 4, 2023 | finance.yahoo.comWith 84% ownership, IDACORP, Inc. (NYSE:IDA) boasts of strong institutional backingOctober 2, 2023 | Wall Street Fundamentals (Ad)How is This "Hidden Gem" Thriving in a Turbulent Market?While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.September 3, 2023 | thestreet.comIDACORP (IDA) Stock Lower Today After Analyst DowngradeAugust 29, 2023 | msn.comPNW vs. IDA: Which Stock Is the Better Value Option?August 24, 2023 | fool.comIDACORP (NYSE: IDA)August 21, 2023 | finance.yahoo.comEstimating The Fair Value Of IDACORP, Inc. (NYSE:IDA)August 8, 2023 | finance.yahoo.comIDACORP, Inc. (NYSE:IDA) Q2 2023 Earnings Call TranscriptAugust 7, 2023 | finance.yahoo.comWith EPS Growth And More, IDACORP (NYSE:IDA) Makes An Interesting CaseAugust 4, 2023 | msn.comWells Fargo Maintains Idacorp (IDA) Equal-Weight RecommendationAugust 4, 2023 | finance.yahoo.comQ2 2023 Idacorp Inc Earnings CallAugust 4, 2023 | finance.yahoo.comIdaCorp (IDA) Beats Q2 Earnings and Revenue EstimatesAugust 3, 2023 | msn.comIDACORP GAAP EPS of $1.35 beats by $0.02August 3, 2023 | markets.businessinsider.comIDACORP Q2 Profit Tops Estimates; Reaffirms 2023 Earnings GuidanceAugust 3, 2023 | finance.yahoo.comIDACORP, Inc. Announces Second Quarter 2023 Results, Reaffirms 2023 Earnings GuidanceJuly 24, 2023 | finance.yahoo.comIDACORP's (NYSE:IDA) investors will be pleased with their 25% return over the last three yearsJuly 20, 2023 | seekingalpha.comIDACORP declares $0.79 dividendJuly 20, 2023 | investing.comIDACORP Declares $0.79 Quarterly Dividend; 3% YieldJuly 20, 2023 | finance.yahoo.comIDACORP Schedules Second Quarter 2023 Earnings Release & Conference CallJuly 7, 2023 | msn.comPNW or IDA: Which Is the Better Value Stock Right Now?May 19, 2023 | finance.yahoo.comIDACORP and Idaho Power add Albertsons and Boise Cascade Executives to their Boards of DirectorsSee More Headlines 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 Company Calendar Ex-Dividend for 8/31 Dividend8/01/2023Last Earnings8/03/2023Dividend Payable8/31/2023Today10/02/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services 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$102.67 High Stock Price Forecast$108.00 Low Stock Price Forecast$97.00 Forecasted Upside/Downside+9.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$5.39 Trailing P/E Ratio17.37 Forward P/E Ratio18.62 P/E Growth5.05Net Income$258.98 million Net Margins15.31% Pretax Margin17.51% Return on Equity9.67% Return on Assets3.55% Debt Debt-to-Equity Ratio0.87 Current Ratio1.57 Quick Ratio1.27 Sales & Book Value Annual Sales$1.64 billion Price / Sales2.88 Cash Flow$8.55 per share Price / Cash Flow10.95 Book Value$55.67 per share Price / Book1.68Miscellaneous Outstanding Shares50,620,000Free Float50,377,000Market Cap$4.74 billion OptionableOptionable Beta0.61 Social Links Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report 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:PORPNM ResourcesNYSE:PNMOtter TailNASDAQ:OTTROGE EnergyNYSE:OGEHawaiian Electric IndustriesNYSE:HEView All CompetitorsInsiders & InstitutionsBarclays PLCBought 41,480 shares on 9/21/2023Ownership: 0.172%Jeffrey L MalmenSold 1,463 sharesTotal: $143,608.08 ($98.16/share)Virginia Retirement Systems ET ALBought 106,100 shares on 8/22/2023Ownership: 0.210%Comerica BankBought 8,256 shares on 8/22/2023Ownership: 0.016%Asset Dedication LLCBought 1,035 shares on 8/22/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions 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 Wall Street research analysts have issued 12-month price targets for IDACORP's shares. Their IDA share price forecasts range from $97.00 to $108.00. On average, they predict the company's share price to reach $102.67 in the next year. This suggests a possible upside of 9.6% 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 shares have decreased by 13.2% and is now trading at $93.65. 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 trading volume of 258,900 shares, the days-to-cover ratio is currently 3.7 days. Approximately 1.9% of the company's stock are sold short. 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) released its earnings results on Thursday, August, 3rd. The energy company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.13. The energy company had revenue of $413.84 million for the quarter, compared to analyst estimates of $359.32 million. IDACORP had a trailing twelve-month return on equity of 9.67% and a net margin of 15.31%. During the same period last year, the firm posted $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. Investors of record on Wednesday, August 2nd will be given a dividend of $0.79 per share on Thursday, August 31st. This represents a $3.16 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Tuesday, August 1st. 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 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). 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 3.37%. 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 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." 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 $93.65. How much money does IDACORP make? IDACORP (NYSE:IDA) has a market capitalization of $4.74 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. 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 10/2/2023 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. 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