NYSE:IDAIDACORP Stock Price, Forecast & News

$90.34

+0.31 (+0.34 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$89.72

Now: $90.34▼

$92.13

50-Day Range

$84.91

MA: $91.19▼

$97.80

52-Week Range

$69.05

Now: $90.34▼

$114.01

Volume215,720 shs

Average Volume313,208 shs

Market Capitalization$4.56 billion

P/E Ratio20.08

Dividend Yield2.98%

Beta0.45

IDACORP, Inc., through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon; 3 natural gas-fired plants in southern Idaho; and interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon. As of December 31, 2018, it also had approximately 4,816 pole-miles of high-voltage transmission lines; 24 step-up transmission substations located at power plants; 21 transmission substations; 9 switching stations; 32 mixed-use transmission and distribution substations; 183 energized distribution substations; and 27,569 pole-miles of distribution lines, as well as provides electric utility services to approximately 558,000 retail customers in southern Idaho and eastern Oregon. The company's principal commercial and industrial customers are involved in food processing, electronics and general manufacturing, agriculture, health care, and winter recreation activities. IDACORP, Inc., through its other subsidiaries, invests in housing and other real estate investments. The company was founded in 1915 and is headquartered in Boise, Idaho.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
IDACORP has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $103.33, IDACORP has a potential upside of 14.4% from its current price of $90.34.
Amount of Analyst Coverage
IDACORP has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.9 Community Rank

Outperform Votes
IDACORP has received 198 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
IDACORP has received 316 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
IDACORP has received 61.48% “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.

4.2 Dividend Strength

Dividend Leadership
IDACORP is a leading dividend payer. It pays a dividend yield of 2.98%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
IDACORP has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of IDACORP is 58.13 %. 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 57.02 % next year. This indicates that IDACORP will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, IDACORP insiders have bought more of their company's stock than they have sold. Specifically, they have bought $48,252.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.54% of the stock of IDACORP is held by insiders.
Percentage Held by Institutions
77.07% of the stock of IDACORP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for IDACORP are expected to grow by 3.30% in the coming year, from $4.55 to $4.70 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of IDACORP is 20.08, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of IDACORP is 20.08, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 28.49.
Price to Earnings Growth Ratio
IDACORP has a PEG Ratio of 7.36. 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.

Overall Beat the Market Rank^™

2.93 out of 5 stars

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

Debt

Debt-to-Equity Ratio0.74

Current Ratio1.91

Quick Ratio1.43

Price-To-Earnings

Trailing P/E Ratio20.08

Forward P/E Ratio19.85

P/E Growth7.36

Sales & Book Value

Annual Sales$1.35 billion

Price / Sales3.39

Cash Flow$8.27 per share

Price / Cash Flow10.92

Book Value$49.02 per share

Price / Book1.84

Profitability

EPS (Most Recent Fiscal Year)$4.61

Net Income$232.85 million

Net Margins17.69%

Return on Equity9.27%

Return on Assets3.47%

Miscellaneous

Employees1,985

Outstanding Shares50,454,000

Market Cap$4.56 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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IDACORP (NYSE:IDA) Frequently Asked Questions

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

IDACORP's stock was trading at $95.80 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, IDA shares have decreased by 5.7% and is now trading at $90.34. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of IDACORP?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IDACORP in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for IDACORP.

When is IDACORP's next earnings date?

IDACORP is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for IDACORP.

How were IDACORP's earnings last quarter?

IDACORP Inc (NYSE:IDA) announced its quarterly earnings data on Thursday, April, 30th. The energy company reported $0.74 EPS for the quarter, missing the Zacks' consensus estimate of $0.81 by $0.07. The energy company earned $291.01 million during the quarter, compared to the consensus estimate of $272.50 million. IDACORP had a net margin of 17.69% and a return on equity of 9.27%. During the same period in the prior year, the firm posted $0.84 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 Thursday, April 16th. Stockholders of record on Tuesday, May 5th will be given a dividend of $0.67 per share on Monday, June 1st. This represents a $2.68 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Monday, May 4th. View IDACORP's dividend history.

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

IDACORP issued an update on its FY20 earnings guidance on Thursday, April, 30th. The company provided EPS guidance of $4.45-4.65 for the period, compared to the Thomson Reuters consensus estimate of $4.57.

What price target have analysts set for IDA?

6 brokerages have issued twelve-month target prices for IDACORP's stock. Their forecasts range from $96.00 to $110.00. On average, they expect IDACORP's share price to reach $103.33 in the next year. This suggests a possible upside of 14.4% from the stock's current price. View analysts' price targets for IDACORP.

Has IDACORP been receiving favorable news coverage?

News headlines about IDA stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. IDACORP earned a news impact score of -2.9 on InfoTrie's scale. They also assigned media stories about the energy company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutIDACORP.

Are investors shorting IDACORP?

IDACORP saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 492,100 shares, a decline of 22.6% from the April 30th total of 635,900 shares. Based on an average trading volume of 356,300 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.0% of the shares of the company are sold short. View IDACORP's Current Options Chain.

Who are some of IDACORP's key competitors?

Some companies that are related to IDACORP include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), FirstEnergy (FE), Edison International (EIX), PPL (PPL), Entergy (ETR), Pinnacle West Capital (PNW), OGE Energy (OGE), Hawaiian Electric Industries (HE) and Portland General Electric (POR). View all 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 AT&T (T), AbbVie (ABBV), Costco Wholesale (COST), IBM (IBM), Johnson & Johnson (JNJ), Pfizer (PFE), Avista (AVA), Bristol-Myers Squibb (BMY), PepsiCo (PEP) and Procter & Gamble (PG).

Who are IDACORP's key executives?

IDACORP's management team includes the following people:

Mr. Darrel T. Anderson, Pres, CEO & Director (Age 61)
Mr. Steven R. Keen, Sr. VP, CFO & Treasurer (Age 58)
Mr. Brian R. Buckham, Sr. VP & Gen. Counsel (Age 40)
Mr. Jeffrey L. Malmen, Sr. VP of Public Affairs (Age 51)
Ms. Lisa A. Grow, Sr. VP & COO of Idaho Power Company (Age 54)

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (14.86%), State Street Corp (2.96%), Parnassus Investments CA (2.38%), Wells Fargo & Company MN (1.80%), Bank of New York Mellon Corp (1.43%) and Invesco Ltd. (1.40%). Company insiders that own IDACORP stock include Christine King, Lisa A Grow, Richard J Dahl, Steven R Keen and Tessia Park. View institutional ownership trends for IDACORP.

Which major investors are selling IDACORP stock?

IDA stock was sold by a variety of institutional investors in the last quarter, including Johanson Financial Advisors Inc., BlackRock Inc., Invesco Ltd., Morgan Stanley, Morgan Stanley, Principal Financial Group Inc., AJO LP, and WINTON GROUP Ltd. Company insiders that have sold IDACORP company stock in the last year include Christine King, Lisa A Grow, and Tessia Park. View insider buying and selling activity for IDACORP.

Which major investors are buying IDACORP stock?

IDA stock was acquired by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, Franklin Resources Inc., Mesirow Financial Investment Management Equity Management, Advisory Research Inc., William Blair Investment Management LLC, Bank of New York Mellon Corp, Parnassus Investments CA, and Thrivent Financial for Lutherans. View insider buying and selling activity for IDACORP.

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 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 $90.34.

How big of a company is IDACORP?

IDACORP has a market capitalization of $4.56 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 5/27/2020 by MarketBeat.com Staff