IDACORP Stock Forecast, Price & News

IDACORP's stock was trading at $95.80 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, IDA stock has decreased by 3.9% and is now trading at $92.08.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IDACORP in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for IDACORP.

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

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

IDACORP declared a quarterly dividend on Thursday, October 15th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.71 per share on Monday, November 30th. This represents a $2.84 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Wednesday, November 4th. This is an increase from IDACORP's previous quarterly dividend of $0.67.
View IDACORP's dividend history.

IDACORP issued an update on 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 EPS estimate of $0.72.

5 brokers have issued 12 month price targets for IDACORP's shares. Their forecasts range from $96.00 to $110.00. On average, they anticipate IDACORP's share price to reach $102.60 in the next year. This suggests a possible upside of 11.4% from the stock's current price.
View analysts' price targets for IDACORP.

IDACORP saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 624,900 shares, an increase of 56.4% from the September 30th total of 399,500 shares. Based on an average daily trading volume, of 285,100 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.3% of the shares of the stock are sold short.
View IDACORP's Short Interest.

Some companies that are related to IDACORP include NextEra Energy (NEE), Duke Energy (DUK), The Southern (SO), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), Edison International (EIX), PPL (PPL), Entergy (ETR), FirstEnergy (FE), Pinnacle West Capital (PNW), OGE Energy (OGE), Hawaiian Electric Industries (HE) and PNM Resources (PNM).
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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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.64%), State Street Corp (2.42%), Wells Fargo & Company MN (1.99%), Energy Income Partners LLC (1.50%), First Trust Advisors LP (1.48%) and GW&K Investment Management LLC (1.19%). 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.

IDA stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Acadian Asset Management LLC, State Street Corp, Lord Abbett & CO. LLC, Charles Schwab Investment Management Inc., AJO LP, Fisher Asset Management LLC, and AQR Capital Management LLC. 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.

IDA stock was purchased by a variety of institutional investors in the last quarter, including Lansdowne Partners UK LLP, Raymond James & Associates, GW&K Investment Management LLC, First Trust Advisors LP, Morgan Stanley, Prentiss Smith & Co. Inc., Foundry Partners LLC, and Energy Income Partners LLC.
View insider buying and selling activity for 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.

One share of IDA stock can currently be purchased for approximately $92.08.

IDACORP has a market capitalization of $4.65 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.

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

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]