IDACORP (IDA) Stock Forecast, Price & News

3 Wall Street 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 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.

3 brokers have issued 12 month price targets for IDACORP's stock. Their IDA share price forecasts range from $103.00 to $110.00. On average, they expect the company's stock price to reach $106.67 in the next year. This suggests a possible upside of 0.9% 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 2.0% and is now trading at $105.68.
View the best growth stocks for 2023 here.

IDACORP saw a increase in short interest in May. As of May 15th, there was short interest totaling 862,300 shares, an increase of 10.2% from the April 30th total of 782,200 shares. Based on an average daily trading volume, of 192,200 shares, the days-to-cover ratio is currently 4.5 days. Approximately 1.7% of the company's shares are sold short.
View IDACORP's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our IDA earnings forecast.

IDACORP, Inc. (NYSE:IDA) announced its earnings results on Thursday, May, 4th. The energy company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.16. The energy company had revenue of $429.66 million for the quarter, compared to analyst estimates of $346.62 million. IDACORP had a net margin of 15.54% and a trailing twelve-month return on equity of 9.65%. During the same period in the previous year, the company earned $0.91 earnings per share.

IDACORP declared a quarterly dividend on Thursday, April 20th. Stockholders of record on Wednesday, May 3rd will be given a dividend of $0.79 per share on Wednesday, May 31st. This represents a $3.16 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Tuesday, May 2nd.
Read our dividend analysis for IDA.

ETFs with the largest weight of IDACORP (NYSE:IDA) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Ecofin U.S. Renewables Infrastructure Trust (RNEW), First Trust EIP Carbon Impact ETF (ECLN), Invesco S&P MidCap Low Volatility ETF (XMLV), First Trust Utilities AlphaDEX Fund (FXU), Invesco DWA Utilities Momentum ETF (PUI), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) 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 2.99%. 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 59.51%. 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 issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $4.95-$5.15 for the period, compared to the consensus estimate of $5.08. 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.48%), State Street Corp (3.22%), FMR LLC (2.87%), Parnassus Investments LLC (2.34%), Geode Capital Management LLC (1.65%) and GW&K Investment Management LLC (1.64%). Insiders that own company stock include Christine King, Jeffrey L Malmen and Mitchel D Colburn.
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.
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One share of IDA stock can currently be purchased for approximately $105.68.

IDACORP (NYSE:IDA) has a market capitalization of $5.35 billion and generates $1.64 billion in revenue each year. The energy company earns $258.98 million in net income (profit) each year or $5.31 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.