IDACORP (IDA) Stock Price, News & Analysis

Company Overview

IDACORP, Inc., together with its subsidiaries, 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 two coal-fired steam electric generating plants located in Wyoming and Nevada. As of December 31, 2023, it had approximately 4,762 pole-miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 11 switching stations; 30 mixed-use transmission and distribution substations; 186 energized distribution substations; and 29,714 pole-miles of distribution lines, and 131 MW of battery storage, as well as provides electric utility services to approximately 633,000 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, government, and education. It also invests in housing and other real estate tax credit investments. IDACORP, Inc. was founded in 1915 and is headquartered in Boise, Idaho.

Key Stats

• Today's Range: $108.09 to $109.54
• 50-Day Range: $101.94 to $118.95
• 52-Week Range: $86.43 to $120.42
• Volume: 848,644 shs
• Average Volume: 348,645 shs
• Market Capitalization: $5.79 billion
• P/E Ratio: 20.18
• Dividend Yield: 3.16%
• Price Target: $111.00
• Consensus Rating: Hold

IDACORP Stock Analysis - MarketRank™

IDACORP scored higher than 90% of companies evaluated by MarketBeat, and ranked 18th out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

IDACORP has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

IDACORP has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.58%

Earnings Growth

Earnings for IDACORP are expected to grow by 7.58% in the coming year, from $5.41 to $5.82 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of IDACORP is 20.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of IDACORP is 20.18, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.36.

Price to Earnings Growth Ratio

IDACORP has a PEG Ratio of 2.51. 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 1.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.75% of the outstanding shares of IDACORP have been sold short.

Short Interest Ratio / Days to Cover

IDACORP has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in IDACORP has recently decreased by 15.79%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

IDACORP pays a meaningful dividend of 3.07%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

IDACORP has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of IDACORP is 63.82%. 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 59.11% next year. This indicates that IDACORP will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.0 / 5
• Environmental Score: -1.88

Percentage of Shares Shorted

1.75% of the outstanding shares of IDACORP have been sold short.

Short Interest Ratio / Days to Cover

IDACORP has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in IDACORP has recently decreased by 15.79%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.42

News Sentiment

IDACORP has a news sentiment score of 1.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for IDACORP this week, compared to 5 articles on an average week.

Search Interest

Only 2 people have searched for IDA on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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 0.47% of the stock of IDACORP is held by insiders.

Percentage Held by Institutions

89.10% of the stock of IDACORP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IDA Stock Analysis - Frequently Asked Questions

How have IDA shares performed this year?

IDACORP's stock was trading at $98.32 at the beginning of 2024. Since then, IDA shares have increased by 10.6% and is now trading at $108.78.
View the best growth stocks for 2024 here.

How were IDACORP's earnings last quarter?

IDACORP, Inc. (NYSE:IDA) announced its quarterly earnings data on Thursday, October, 31st. The energy company reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by $0.05. The energy company had revenue of $528.53 million for the quarter, compared to the consensus estimate of $524.39 million. IDACORP had a net margin of 15.35% and a trailing twelve-month return on equity of 9.17%.

Who are IDACORP's major shareholders?

IDACORP's top institutional investors include Wellington Management Group LLP (4.49%), State Street Corp (3.11%), Victory Capital Management Inc. (2.72%) and Geode Capital Management LLC (1.78%). Insiders that own company stock include Jeffrey L Malmen, James Bo D Hanchey and Mitchel D Colburn.
View institutional ownership trends.

How do I buy shares of IDACORP?

Shares of IDA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of IDACORP own?

Based on aggregate information from My MarketBeat watchlists, some other companies that IDACORP investors own include Chevron (CVX), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Walmart (WMT), Visa (V) and International Business Machines (IBM).

Company Calendar

• Last Earnings: 10/31/2024
• Ex-Dividend for 12/2 Dividend: 11/05/2024
• Dividend Payable: 12/02/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric services
• Sub-Industry: Electric Utilities
• Current Symbol: NYSE:IDA
• CUSIP: 45110710
• CIK: 1057877
• Web: www.idacorpinc.com
• Phone: (208) 388-2200
• Fax: 208-388-6916
• Employees: 2,112
• Year Founded: 1916

Price Target and Rating

• Average Stock Price Target: $111.00
• High Stock Price Target: $121.00
• Low Stock Price Target: $93.00
• Potential Upside/Downside: +2.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.39
• Trailing P/E Ratio: 20.18
• Forward P/E Ratio: 20.11
• P/E Growth: 2.51
• Net Income: $261.20 million
• Net Margins: 15.35%
• Pretax Margin: 16.33%
• Return on Equity: 9.17%
• Return on Assets: 3.27%

Debt

• Debt-to-Equity Ratio: 0.93
• Current Ratio: 1.70
• Quick Ratio: 1.34

Sales & Book Value

• Annual Sales: $1.84 billion
• Price / Sales: 3.15
• Cash Flow: $8.77 per share
• Price / Cash Flow: 12.40
• Book Value: $57.59 per share
• Price / Book: 1.89

Miscellaneous

• Outstanding Shares: 53,270,000
• Free Float: 53,020,000
• Market Cap: $5.79 billion
• Optionable: Optionable
• Beta: 0.64