IDACORP - IDA Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IDACORP in the last year. There are currently 2 hold ratings and 1 buy rating 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 brokerages have issued 1 year price targets for IDACORP's shares. Their IDA share price forecasts range from $103.00 to $117.00. On average, they predict the company's stock price to reach $110.00 in the next twelve months. This suggests a possible upside of 7.2% 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 at the beginning of 2023. Since then, IDA stock has decreased by 4.9% and is now trading at $102.61.
View the best growth stocks for 2023 here.

IDACORP saw a drop in short interest in February. As of February 28th, there was short interest totaling 1,060,000 shares, a drop of 7.8% from the February 13th total of 1,150,000 shares. Based on an average daily volume of 220,700 shares, the days-to-cover ratio is presently 4.8 days. Approximately 2.1% of the shares of the company are short sold.
View IDACORP's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our IDA earnings forecast.

IDACORP, Inc. (NYSE:IDA) released its quarterly earnings data on Thursday, February, 16th. The energy company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.03. The energy company had revenue of $422.96 million for the quarter, compared to analysts' expectations of $360.62 million. IDACORP had a net margin of 15.75% and a trailing twelve-month return on equity of 9.42%. During the same period in the prior year, the company earned $0.65 EPS.

IDACORP declared a quarterly dividend on Thursday, January 19th. Shareholders of record on Monday, February 6th will be given a dividend of $0.79 per share on Tuesday, February 28th. This represents a $3.16 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, February 3rd.
Read our dividend analysis for IDA.

ETFs with the largest weight of IDACORP (NYSE:IDA) stock in their portfolio include VanEck Green Infrastructure ETF (RNEW), First Trust EIP Carbon Impact ETF (ECLN), Invesco DWA Utilities Momentum ETF (PUI), First Trust Utilities AlphaDEX Fund (FXU), Invesco S&P MidCap Low Volatility ETF (XMLV), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), Invesco S&P MidCap Momentum ETF (XMMO) and FlexShares US Quality Low Volatility Index Fund (QLV).

IDACORP (NYSE:IDA) pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.92%. 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 61.84%. 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 updated its FY 2023 earnings guidance on Monday, February, 20th. The company provided EPS guidance of $4.95-$5.15 for the period, compared to the consensus estimate of $5.14. The company issued revenue guidance of -.

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 variety of retail and institutional investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (6.00%), Alliancebernstein L.P. (3.56%), Parnassus Investments LLC (2.65%), Geode Capital Management LLC (1.67%), GW&K Investment Management LLC (1.63%) and First Trust Advisors LP (1.47%). Insiders that own company stock include Christine King, Darrel T Anderson, Jeffrey L Malmen and Richard J Dahl.
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.
Compare Top Brokerages Here.

One share of IDA stock can currently be purchased for approximately $102.61.

IDACORP (NYSE:IDA) has a market capitalization of $5.19 billion and generates $1.64 billion in revenue each year. The energy company earns $258.98 million in net income (profit) each year or $5.11 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.