IDACORP (NYSE:IDA) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded IDACORP from “Hold” to “Sell,” contrasting with the broader analyst consensus of “Moderate Buy” and an average price target of $153.86.
• IDACORP shares fell to $135.65, below their 50-day and 200-day moving averages, while remaining within a 12-month range of $122.30 to $154.91.
• The company slightly exceeded quarterly EPS expectations at $1.79 versus $1.78, but revenue of $469.8 million fell short of the $511.87 million consensus estimate; management’s fiscal-year EPS guidance is $6.30–$6.45.

IDACORP (NYSE:IDA - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

IDA has been the subject of a number of other reports. Wells Fargo & Company raised their price objective on shares of IDACORP from $154.00 to $155.00 and gave the company an "equal weight" rating in a research report on Friday, July 31st. BTIG Research reaffirmed a "buy" rating and set a $160.00 target price on shares of IDACORP in a report on Thursday, July 23rd. Barclays lowered their target price on shares of IDACORP from $167.00 to $162.00 and set an "overweight" rating on the stock in a research note on Monday, August 3rd. Mizuho set a $157.00 price target on shares of IDACORP in a research report on Friday, May 1st. Finally, Morgan Stanley decreased their price target on shares of IDACORP from $156.00 to $151.00 and set an "overweight" rating on the stock in a report on Friday, August 21st. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.86.

IDACORP Stock Performance

Shares of NYSE:IDA traded down $2.09 during midday trading on Friday, reaching $135.65. 370,630 shares of the company traded hands, compared to its average volume of 478,852. The firm's fifty day moving average price is $145.55 and its two-hundred day moving average price is $143.50. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 2.38 and a beta of 0.48. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. IDACORP has a 12 month low of $122.30 and a 12 month high of $154.91.

IDACORP (NYSE:IDA - Get Free Report) last issued its earnings results on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.78 by $0.01. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.The business had revenue of $469.80 million during the quarter, compared to the consensus estimate of $511.87 million. During the same quarter last year, the company earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, equities analysts expect that IDACORP will post 6.38 earnings per share for the current year.

Institutional Trading of IDACORP

Hedge funds have recently made changes to their positions in the stock. AssuredPartners Investment Advisors LLC increased its stake in IDACORP by 5.1% in the fourth quarter. AssuredPartners Investment Advisors LLC now owns 1,653 shares of the energy company's stock valued at $209,000 after acquiring an additional 80 shares during the last quarter. Harbour Investments Inc. lifted its stake in IDACORP by 48.0% during the fourth quarter. Harbour Investments Inc. now owns 302 shares of the energy company's stock worth $38,000 after purchasing an additional 98 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in IDACORP by 1.6% during the first quarter. Sanctuary Advisors LLC now owns 6,482 shares of the energy company's stock worth $927,000 after purchasing an additional 103 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of IDACORP by 1.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 5,738 shares of the energy company's stock worth $758,000 after purchasing an additional 106 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of IDACORP by 0.9% in the 4th quarter. Advisors Asset Management Inc. now owns 11,668 shares of the energy company's stock worth $1,477,000 after purchasing an additional 106 shares in the last quarter. 89.10% of the stock is owned by institutional investors.

IDACORP Company Profile

IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company's service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.

Idaho Power's generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.

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