NYSE:IDA

IDACORP Stock Forecast, Price & News

$90.03

-0.36 (-0.40 %)

(As of 01/26/2021 10:55 AM ET)

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Today's Range

$89.86

Now: $90.03▼

$90.18

50-Day Range

$87.27

MA: $92.50▼

$96.86

52-Week Range

$69.05

Now: $90.03▼

$113.58

Volume793 shs

Average Volume389,256 shs

Market Capitalization$4.54 billion

P/E Ratio18.45

Dividend Yield3.21%

Beta0.43

IDACORP, Inc. 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 three coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon. As of December 31, 2019, it had approximately 4,830 pole-miles of high-voltage transmission lines; 24 step-up transmission substations located at power plants; 21 transmission substations; 9 switching stations; 31 mixed-use transmission and distribution substations; 185 energized distribution substations; and 27,968 pole-miles of distribution lines, as well as provides electric utility services to approximately 572,000 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, and winter recreation activities. It also invests in housing and other real estate investments. The company was founded in 1915 and is headquartered in Boise, Idaho.

MarketRank^™

Overall MarketRank^™

2.22 out of 5 stars

Utilities Sector

23rd out of 273 stocks

Electric Services Industry

8th out of 78 stocks

2.3 Analyst's Opinion

Consensus Rating
IDACORP has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 4 buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $102.20, IDACORP has a forecasted upside of 13.6% from its current price of $89.98.
Amount of Analyst Coverage
IDACORP has only been the subject of 1 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
IDACORP has received 199 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
IDACORP has received 319 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
IDACORP has received 61.58% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about IDACORP and other stocks. Vote “Outperform” if you believe IDA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe IDA will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Yield
IDACORP pays a meaningful dividend of 3.21%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
IDACORP has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of IDACORP is 61.61%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
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.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, IDACORP insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.53% of the stock of IDACORP is held by insiders.
Percentage Held by Institutions
75.70% of the stock of IDACORP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for IDACORP are expected to grow by 2.17% in the coming year, from $4.60 to $4.70 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of IDACORP is 18.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of IDACORP is 18.44, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 36.39.
Price to Earnings Growth Ratio
IDACORP has a PEG Ratio of 7.40. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
IDACORP has a P/B Ratio of 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric services

Sub-IndustryElectric Utilities

SectorUtilities

Current SymbolNYSE:IDA

Previous Symbol

CUSIP45110710

CIK1057877

Webwww.idacorpinc.com

Phone208-388-2200

Employees1,985

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.78

Current Ratio2.26

Quick Ratio1.92

Price-To-Earnings

Trailing P/E Ratio18.45

Forward P/E Ratio19.57

P/E Growth7.4

Sales & Book Value

Annual Sales$1.35 billion

Price / Sales3.37

Cash Flow$7.94 per share

Price / Cash Flow11.34

Book Value$49.02 per share

Price / Book1.84

Profitability

EPS (Most Recent Fiscal Year)$4.61

Net Income$232.85 million

Net Margins18.60%

Return on Equity9.86%

Return on Assets3.63%

Miscellaneous

Outstanding Shares50,462,000

Market Cap$4.54 billion

Next Earnings Date2/18/2021 (Estimated)

OptionableOptionable

$90.03

-0.36 (-0.40 %)

(As of 01/26/2021 10:55 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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IDACORP (NYSE:IDA) Frequently Asked Questions

How has IDACORP's stock been impacted by Coronavirus (COVID-19)?

IDACORP's stock was trading at $95.80 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, IDA shares have decreased by 6.0% and is now trading at $90.03.
View which stocks have been most impacted by COVID-19.

Is IDACORP a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IDACORP in the last year. There are currently 1 sell rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" IDACORP stock.
View analyst ratings for IDACORP or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than IDACORP?

Wall Street analysts have given IDACORP a "Buy" 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.
View MarketBeat's top stock picks here.

What is Hal Koyama's approval rating as IDACORP's CEO?

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.

When is IDACORP's next earnings date?

IDACORP is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for IDACORP.

How were IDACORP's earnings last quarter?

IDACORP, Inc. (NYSE:IDA) announced its earnings results on Thursday, October, 29th. The energy company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.10. The energy company had revenue of $425.26 million for the quarter, compared to analyst estimates of $378.28 million. IDACORP had a net margin of 18.60% and a trailing twelve-month return on equity of 9.86%. During the same quarter in the previous year, the firm posted $1.78 earnings per share.
View IDACORP's earnings history.

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

IDACORP announced a quarterly dividend on Friday, January 22nd. Shareholders of record on Friday, February 5th will be paid a dividend of $0.71 per share on Monday, March 1st. This represents a $2.84 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Thursday, February 4th.
View IDACORP's dividend history.

Is IDACORP a good dividend stock?

IDACORP pays an annual dividend of $2.84 per share and currently has a dividend yield of 3.21%. 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.

What guidance has IDACORP issued on next quarter's earnings?

IDACORP updated its fourth quarter earnings guidance on Thursday, October, 29th. The company provided earnings per share (EPS) guidance of $0.50-0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.72.

What price target have analysts set for IDA?

5 brokers have issued 1 year target prices for IDACORP's stock. Their forecasts range from $94.00 to $110.00. On average, they expect IDACORP's stock price to reach $102.20 in the next twelve months. This suggests a possible upside of 13.5% from the stock's current price.
View analysts' price targets for IDACORP or view Wall Street analyst' top-rated stocks.

Who are some of IDACORP's key competitors?

Some companies that are related to IDACORP include NextEra Energy (NEE), Duke Energy (DUK), The Southern (SO), Eversource Energy (ES), Edison International (EIX), PPL (PPL), Entergy (ETR), FirstEnergy (FE), Pinnacle West Capital (PNW), OGE Energy (OGE), PNM Resources (PNM), Portland General Electric (POR), Hawaiian Electric Industries (HE), ALLETE (ALE) and MGE Energy (MGEE).
View all of IDA's competitors.

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), The Procter & Gamble (PG), Walmart (WMT), Avista (AVA) and Bristol-Myers Squibb (BMY).

Who are IDACORP's key executives?

IDACORP's management team includes the following people:

Ms. Lisa A. Grow, CEO, Pres & Director (Age 56, Pay $1.22M)
Mr. Steven R. Keen, Sr. VP & CFO (Age 60, Pay $976.96k)
Mr. Brian R. Buckham, Sr. VP & Gen. Counsel (Age 42, Pay $741.56k)
Mr. Jeffrey L. Malmen, Sr. VP of Public Affairs (Age 53, Pay $620.32k)
Mr. Kenneth W. Petersen, VP, Chief Accounting Officer & Treasurer (Age 57)
Mr. Jason Huszar, VP of Information Technology & Chief Information Officer
Justin S. Forsberg, Director of Investor Relations & Treasury
Mr. Patrick A. Harrington, Corp. Sec. (Age 60)
Mr. Mitchel D. Colburn, Resource Planning and Operations Director of Idaho Power

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 variety of retail and institutional investors. Top institutional investors include Tributary Capital Management LLC (0.49%), Boston Trust Walden Corp (0.29%), Nisa Investment Advisors LLC (0.22%), LVM Capital Management Ltd. MI (0.22%), Strs Ohio (0.15%) and Redpoint Investment Management Pty Ltd (0.02%). Company insiders that own IDACORP stock include Christine King, Darrel T Anderson, Jeffrey L Malmen, Lisa A Grow, Richard J Dahl, Steven R Keen and Tessia Park.
View institutional ownership trends for IDACORP.

Which institutional investors are selling IDACORP stock?

IDA stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Pacer Advisors Inc., Redpoint Investment Management Pty Ltd, Crossmark Global Holdings Inc., State of Alaska Department of Revenue, LVM Capital Management Ltd. MI, Johanson Financial Advisors Inc., and Murphy Middleton Hinkle & Parker Inc.. 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.

Which institutional investors are buying IDACORP stock?

IDA stock was purchased by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, Strs Ohio, Vanguard Capital Wealth Advisors, Pendal Group Limited, Park Avenue Securities LLC, FARMERS & MERCHANTS TRUST Co OF LONG BEACH, XTX Markets LLC, and Raymond James Trust N.A..
View insider buying and selling activity for IDACORP or or view top insider-buying stocks.

How do I buy shares of IDACORP?

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.

What is IDACORP's stock price today?

One share of IDA stock can currently be purchased for approximately $90.03.

How big of a company is IDACORP?

IDACORP has a market capitalization of $4.54 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 1,985 workers across the globe.

What is IDACORP's official website?

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

How can I contact IDACORP?

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]

This page was last updated on 1/26/2021 by MarketBeat.com Staff

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