IDACORP Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IDACORP in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" IDACORP stock. 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.
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Wall Street analysts have given IDACORP a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but IDACORP wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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IDACORP saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,030,000 shares, an increase of 54.5% from the March 15th total of 666,600 shares. Based on an average daily trading volume, of 371,400 shares, the short-interest ratio is presently 2.8 days. Currently, 2.1% of the shares of the company are short sold.
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IDACORP is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for IDACORP.

IDACORP, Inc. (NYSE:IDA) posted its quarterly earnings data on Thursday, April, 29th. The energy company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.81 by $0.08. IDACORP had a net margin of 18.60% and a trailing twelve-month return on equity of 9.86%.
View IDACORP's earnings history.

IDACORP's stock was trading at $95.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, IDA stock has increased by 7.8% and is now trading at $103.26.
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IDACORP announced a quarterly dividend on Thursday, April 15th. Investors of record on Wednesday, May 5th will be paid a dividend of $0.71 per share on Tuesday, June 1st. This represents a $2.84 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, May 4th.
View IDACORP's dividend history.

IDACORP pays an annual dividend of $2.84 per share and currently has a dividend yield of 2.76%. IDACORP has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of IDACORP is 61.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IDACORP will have a dividend payout ratio of 60.43% next year. This indicates that IDACORP will be able to sustain or increase its dividend.
View IDACORP's dividend history.

IDACORP updated its FY 2021 earnings guidance on Thursday, May, 6th. The company provided earnings per share (EPS) guidance of 4.600-4.800 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.780. The company issued revenue guidance of -.

4 analysts have issued twelve-month price targets for IDACORP's shares. Their forecasts range from $94.00 to $105.00. On average, they anticipate IDACORP's share price to reach $100.00 in the next twelve months. This suggests that the stock has a possible downside of 3.2%.
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1 employees have rated IDACORP CEO Hal Koyama on Glassdoor.com. Hal Koyama has an approval rating of 100% among IDACORP's employees. This puts Hal Koyama in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to IDACORP include NextEra Energy (NEE), Duke Energy (DUK), The Southern (SO), Eversource Energy (ES), PPL (PPL), Edison International (EIX), Entergy (ETR), FirstEnergy (FE), Pinnacle West Capital (PNW), OGE Energy (OGE), Hawaiian Electric Industries (HE), Portland General Electric (POR), PNM Resources (PNM), ALLETE (ALE) and Array Technologies (ARRY).
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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), The 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.00%), Alliancebernstein L.P. (2.63%), Parnassus Investments CA (2.31%), Boston Trust Walden Corp (0.77%), Royal London Asset Management Ltd. (0.48%) and Tributary Capital Management LLC (0.39%). Company insiders that own IDACORP stock include Christine King, Darrel T Anderson, Jeffrey L Malmen, Lisa A Grow, Richard J Dahl and Tessia Park.
View institutional ownership trends for IDACORP.

IDA stock was sold by a variety of institutional investors in the last quarter, including Parnassus Investments CA, BlackRock Inc., Los Angeles Capital Management LLC, Tributary Capital Management LLC, Comerica Bank, Strs Ohio, Fisher Asset Management LLC, and First Quadrant L P CA. Company insiders that have sold IDACORP company stock in the last year include Christine King, Darrel T Anderson, and Jeffrey L Malmen.
View insider buying and selling activity for IDACORP or view top insider-selling stocks.

IDA stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Boston Trust Walden Corp, Assenagon Asset Management S.A., Bank of Nova Scotia, Dalton Greiner Hartman Maher & Co., Janney Montgomery Scott LLC, Samson Rock Capital LLP, and Virginia Retirement Systems ET AL.
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Shares of IDA 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 $103.26.

IDACORP has a market capitalization of $5.22 billion and generates $1.35 billion in revenue each year. The energy company earns $232.85 million in net income (profit) each year or $4.61 on an earnings per share basis.

IDACORP employs 1,943 workers across the globe.

IDACORP was founded in 1916.

The official website for IDACORP is www.idacorpinc.com.

IDACORP is headquartered at 1221 WEST IDAHO STREET, BOISE ID, 83702.

IDACORP's mailing address is 1221 WEST IDAHO STREET, BOISE ID, 83702. The energy company can be reached via phone at 208-388-2200 or via email at [email protected]