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How to buy IDACORP stock | $92.78

Own IDACORP stock in just a few minutes.

Fact checked

IDACORP, Inc is an utilities-regulated electric business based in the US. IDACORP shares (IDA) are listed on the NYSE and all prices are listed in US Dollars. IDACORP employs 1,985 staff and has a trailing 12-month revenue of around USD$1.3 billion.

How to buy shares in IDACORP

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for IDACORP. Find the stock by name or ticker symbol: IDA. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until IDACORP reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$92.78, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of IDACORP, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of IDACORP. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

IDACORP share price

Use our graph to track the performance of IDA stocks over time.

IDACORP shares at a glance

Information last updated 2020-12-27.
Latest market closeUSD$92.78
52-week rangeUSD$71.691 - USD$111.0263
50-day moving average USD$92.955
200-day moving average USD$89.1496
Wall St. target priceUSD$104.5
PE ratio 19.4898
Dividend yield USD$2.84 (2.99%)
Earnings per share (TTM) USD$4.88

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy IDACORP stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

IDACORP price performance over time

Historical closes compared with the close of $92.78 from 2020-12-09

1 week (2021-01-07) 6.31%
1 month (2020-12-17) -4.21%
3 months (2020-10-16) 6.51%
6 months (2020-07-16) 3.36%
1 year (2020-01-16) -14.58%
2 years (2019-01-16) -1.98%
3 years (2018-01-16) 11.45%
5 years (2016-01-15) 39.54%

Is IDACORP under- or over-valued?

Valuing IDACORP stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of IDACORP's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

IDACORP's P/E ratio

IDACORP's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, IDACORP shares trade at around 19x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

IDACORP's PEG ratio

IDACORP's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 5.7. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into IDACORP's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

IDACORP's EBITDA

IDACORP's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$474.8 million.

The EBITDA is a measure of a IDACORP's overall financial performance and is widely used to measure a its profitability.

IDACORP financials

Revenue TTM USD$1.3 billion
Operating margin TTM 22.47%
Gross profit TTM USD$506.3 million
Return on assets TTM 2.78%
Return on equity TTM 9.82%
Profit margin 18.61%
Book value $50.851
Market capitalisation USD$4.8 billion

TTM: trailing 12 months

Shorting IDACORP shares

There are currently 654,115 IDACORP shares held short by investors – that's known as IDACORP's "short interest". This figure is 7.3% up from 609,869 last month.

There are a few different ways that this level of interest in shorting IDACORP shares can be evaluated.

IDACORP's "short interest ratio" (SIR)

IDACORP's "short interest ratio" (SIR) is the quantity of IDACORP shares currently shorted divided by the average quantity of IDACORP shares traded daily (recently around 255513.671875). IDACORP's SIR currently stands at 2.56. In other words for every 100,000 IDACORP shares traded daily on the market, roughly 2560 shares are currently held short.

However IDACORP's short interest can also be evaluated against the total number of IDACORP shares, or, against the total number of tradable IDACORP shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case IDACORP's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 IDACORP shares in existence, roughly 10 shares are currently held short) or 0.0178% of the tradable shares (for every 100,000 tradable IDACORP shares, roughly 18 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against IDACORP.

Find out more about how you can short IDACORP stock.

IDACORP share dividends

56%

Dividend payout ratio: 55.74% of net profits

Recently IDACORP has paid out, on average, around 55.74% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.99% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), IDACORP shareholders could enjoy a 2.99% return on their shares, in the form of dividend payments. In IDACORP's case, that would currently equate to about $2.84 per share.

IDACORP's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

IDACORP's most recent dividend payout was on 30 November 2020. The latest dividend was paid out to all shareholders who bought their shares by 4 November 2020 (the "ex-dividend date").

Have IDACORP's shares ever split?

IDACORP's shares were split on a 2:1 basis on 7 June 1985. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your IDACORP shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for IDACORP shares which in turn could have impacted IDACORP's share price.

IDACORP share price volatility

Over the last 12 months, IDACORP's shares have ranged in value from as little as $71.691 up to $111.0263. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while IDACORP's is 0.4136. This would suggest that IDACORP's shares are less volatile than average (for this exchange).

IDACORP overview

IDACORP, Inc. 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 three coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon. As of December 31, 2019, it had approximately 4,830 pole-miles of high-voltage transmission lines; 24 step-up transmission substations located at power plants; 21 transmission substations; 9 switching stations; 31 mixed-use transmission and distribution substations; 185 energized distribution substations; and 27,968 pole-miles of distribution lines, as well as provides electric utility services to approximately 572,000 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, and winter recreation activities. It also invests in housing and other real estate investments. The company was founded in 1915 and is headquartered in Boise, Idaho.

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