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NYSE:IDA

IDACORP - IDA Stock Forecast, Price & News

$113.47
+1.01 (+0.90%)
(As of 08/11/2022 10:09 AM ET)
Add
Compare
Today's Range
$111.85
$113.57
50-Day Range
$97.91
$112.46
52-Week Range
$95.26
$118.92
Volume
2,874 shs
Average Volume
159,427 shs
Market Capitalization
$5.74 billion
P/E Ratio
23.84
Dividend Yield
2.67%
Price Target
$114.50

IDACORP MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
1.8% Upside
$114.50 Price Target
Short Interest
Healthy
1.86% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.91
Upright™ Environmental Score
News Sentiment
-0.14mentions of IDACORP in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.60%
From $5.00 to $5.18 Per Share

Overall MarketRank

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

2.04 out of 5 stars

Utilities Sector

68th out of 86 stocks

Electric Services Industry

30th out of 42 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, 2021, it had approximately 4,843 pole-miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 10 switching stations; 30 mixed-use transmission and distribution substations; 187 energized distribution substations; and 28,570 pole-miles of distribution lines, as well as provides electric utility services to approximately 604,000 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.

IDACORP Price Performance

NYSE:IDA traded up $0.28 during midday trading on Wednesday, hitting $112.46. 220,134 shares of the stock were exchanged, compared to its average volume of 228,223. IDACORP has a one year low of $95.26 and a one year high of $118.92. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 7.77 and a beta of 0.57. The business has a 50-day moving average price of $105.85 and a two-hundred day moving average price of $107.99. The company has a current ratio of 1.54, a quick ratio of 1.33 and a debt-to-equity ratio of 0.76.

IDACORP (NYSE:IDA - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The energy company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.04). IDACORP had a net margin of 16.25% and a return on equity of 8.98%. During the same period in the prior year, the firm posted $1.38 earnings per share. Sell-side analysts predict that IDACORP will post 5 EPS for the current year.

IDACORP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 3rd will be issued a $0.75 dividend. The ex-dividend date is Tuesday, August 2nd. This represents a $3.00 annualized dividend and a dividend yield of 2.67%. IDACORP's dividend payout ratio is currently 63.03%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised IDACORP from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $108.00 to $110.00 in a report on Tuesday, May 3rd.

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IDA Stock News Headlines

The Returns At IDACORP (NYSE:IDA) Aren't Growing
IDACORP (NYSE:IDA) and Heliogen (NYSE:HLGN) Critical Comparison
IdaCorp: Q2 Earnings Snapshot - Greenwich Time
Recap: Idacorp Q2 Earnings - Benzinga
IDACORP Q2 2022 Earnings Preview
IDACORP (IDA) Set to Announce Earnings on Thursday
Idacorp (IDA) Passes Through 3% Yield Mark
Idacorp is Now Oversold (IDA) - Nasdaq
See More Headlines
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IDA Company Calendar

Ex-Dividend for 5/31 Dividend
5/02/2022
Dividend Payable
5/31/2022
Ex-Dividend for 8/31 Dividend
8/02/2022
Last Earnings
8/04/2022
Today
8/11/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
45110710
Employees
1,999
Year Founded
1916

Price Target and Rating

Average Stock Price Forecast
$114.50
High Stock Price Forecast
$119.00
Low Stock Price Forecast
$110.00
Forecasted Upside/Downside
+0.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$245.55 million
Pretax Margin
18.63%

Debt

Sales & Book Value

Annual Sales
$1.46 billion
Cash Flow
$8.51 per share
Book Value
$53.67 per share

Miscellaneous

Free Float
50,216,000
Market Cap
$5.74 billion
Optionable
Optionable
Beta
0.56

Social Links


Key Executives

  • Ms. Lisa A. Grow (Age 57)
    CEO, Pres & Director
    Comp: $2.17M
  • Mr. Brian R. Buckham (Age 43)
    Sr. VP & CFO
    Comp: $881.67k
  • Mr. Jeffrey L. Malmen (Age 54)
    Sr. VP of Public Affairs
    Comp: $736.38k
  • Mr. Steven R. Keen (Age 61)
    Sr. VP
    Comp: $1.04M
  • Mr. Adam J. Richins (Age 43)
    Sr. VP & COO of Idaho Power
    Comp: $922.18k
  • Mr. Kenneth W. Petersen (Age 58)
    VP, Chief Accounting Officer & Treasurer
  • Mr. Jason C. Huszar
    VP of Information Technology & Chief Information Officer
  • Justin S. Forsberg
    Director of Investor Relations & Treasury
  • Mr. Patrick A. Harrington (Age 61)
    VP, Gen. Counsel & Corp. Sec.
  • Mr. Mitchel D. Colburn
    Resource Planning and Operations Director of Idaho Power













IDA Stock - Frequently Asked Questions

Should I buy or sell IDACORP stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IDACORP in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IDA shares.
View IDA analyst ratings
or view top-rated stocks.

What is IDACORP's stock price forecast for 2022?

3 Wall Street research analysts have issued 1 year target prices for IDACORP's shares. Their IDA share price forecasts range from $110.00 to $119.00. On average, they expect the company's stock price to reach $114.50 in the next twelve months. This suggests a possible upside of 1.8% 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 2022?

IDACORP's stock was trading at $113.31 at the start of the year. Since then, IDA shares have decreased by 0.8% and is now trading at $112.46.
View the best growth stocks for 2022 here
.

When is IDACORP's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our IDA earnings forecast
.

How were IDACORP's earnings last quarter?

IDACORP, Inc. (NYSE:IDA) posted its earnings results on Thursday, August, 4th. The energy company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.31 by $0.04. IDACORP had a net margin of 16.25% and a trailing twelve-month return on equity of 8.98%. During the same quarter last year, the company earned $1.38 earnings per share.

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

IDACORP announced a quarterly dividend on Thursday, July 21st. Investors of record on Wednesday, August 3rd will be given a dividend of $0.75 per share on Wednesday, August 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, August 2nd.
Read our dividend analysis for IDA
.

Is IDACORP a good dividend stock?

IDACORP (NYSE:IDA) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.67%. 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 63.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IDA will have a dividend payout ratio of 57.92% 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 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share guidance of $4.95-$5.05 for the period, compared to the consensus earnings per share estimate of $4.98. 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 institutional and retail investors. Top institutional shareholders include Parnassus Investments LLC (3.56%), Principal Financial Group Inc. (1.15%), Boston Trust Walden Corp (1.14%), William Blair Investment Management LLC (0.47%), Anchor Capital Advisors LLC (0.40%) and Tributary Capital Management LLC (0.36%). Insiders that own company stock include Christine King, Darrel T Anderson, Jeffrey L Malmen, Lisa A Grow, Richard J Dahl and Tessia Park.
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 $112.46.

How much money does IDACORP make?

IDACORP (NYSE:IDA) has a market capitalization of $5.69 billion and generates $1.46 billion in revenue each year. The energy company earns $245.55 million in net income (profit) each year or $4.76 on an earnings per share basis.

How many employees does IDACORP have?

The company employs 1,999 workers across the globe.

When was IDACORP founded?

IDACORP was founded in 1916.

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 8/11/2022 by MarketBeat.com Staff

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