IDACORP - IDA Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IDACORP in the last twelve months. There are currently 2 hold ratings and 1 buy rating 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 Wall Street research analysts have issued twelve-month price objectives for IDACORP's stock. Their IDA share price forecasts range from $103.00 to $117.00. On average, they anticipate the company's share price to reach $111.00 in the next twelve months. This suggests a possible upside of 6.1% 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 shares have decreased by 3.0% and is now trading at $104.59.
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IDACORP saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 1,080,000 shares, an increase of 8.3% from the December 15th total of 997,300 shares. Based on an average daily trading volume, of 216,400 shares, the short-interest ratio is presently 5.0 days. Approximately 2.2% of the shares of the company are sold short.
View IDACORP's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our IDA earnings forecast.

IDACORP, Inc. (NYSE:IDA) issued its quarterly earnings results on Thursday, November, 3rd. The energy company reported $2.10 EPS for the quarter, topping the consensus estimate of $1.95 by $0.15. The energy company had revenue of $518.01 million for the quarter. IDACORP had a net margin of 16.05% and a trailing twelve-month return on equity of 9.20%.

IDACORP declared a quarterly dividend on Thursday, January 19th. Investors of record on Monday, February 6th will be paid a dividend of $0.79 per share on Tuesday, February 28th. This represents a $3.16 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Friday, February 3rd.
Read our dividend analysis for IDA.

IDACORP (NYSE:IDA) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.01%. 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 64.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IDA will have a dividend payout ratio of 61.48% 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 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $5.05-$5.15 for the period, compared to the consensus earnings per share estimate of $5.00. 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 many different retail and institutional investors. Top institutional investors include Boston Trust Walden Corp (1.00%), Strs Ohio (0.24%), LVM Capital Management Ltd. MI (0.22%), Ziegler Capital Management LLC (0.20%), State of Alaska Department of Revenue (0.07%) and Comerica Bank (0.05%). Insiders that own company stock include Christine King, Darrel T Anderson, Jeffrey L Malmen and Richard J Dahl.
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 $104.59.

IDACORP (NYSE:IDA) has a market capitalization of $5.29 billion and generates $1.46 billion in revenue each year. The energy company earns $245.55 million in net income (profit) each year or $4.93 on an earnings per share basis.

The company employs 1,999 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.