IDACORP, Inc. (NYSE:IDA) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give IDACORP a “Moderate Buy” consensus: Six of eight brokerages rate the stock a buy, while two recommend holding it. The average 12-month price target is $153.86, above its reported price of $135.62.
• IDACORP slightly exceeded quarterly earnings expectations, reporting $1.79 EPS versus the $1.78 consensus, although revenue of $469.8 million fell short of the $511.9 million estimate. Management’s fiscal 2026 EPS guidance is $6.30–$6.45.
• The company maintains a quarterly dividend of $0.88 per share, equivalent to an annualized $3.52 payout and a 2.6% yield. Institutional investors own 89.1% of the stock.

Shares of IDACORP, Inc. (NYSE:IDA - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $153.8571.

Several brokerages recently issued reports on IDA. Wall Street Zen upgraded IDACORP from a "sell" rating to a "hold" rating in a research report on Sunday. Barclays dropped their target price on shares of IDACORP from $167.00 to $162.00 and set an "overweight" rating on the stock in a report on Monday, August 3rd. BTIG Research reaffirmed a "buy" rating and issued a $160.00 price target on shares of IDACORP in a research note on Thursday, July 23rd. Wells Fargo & Company upped their price target on shares of IDACORP from $154.00 to $155.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Finally, Morgan Stanley lowered their price objective on shares of IDACORP from $156.00 to $151.00 and set an "overweight" rating for the company in a research report on Friday, August 21st.

Hedge Funds Weigh In On IDACORP

Hedge funds have recently made changes to their positions in the business. Osterweis Capital Management Inc. bought a new position in IDACORP in the second quarter valued at $25,000. Western Wealth Management LLC bought a new position in shares of IDACORP during the 1st quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd boosted its position in IDACORP by 630.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company's stock worth $29,000 after purchasing an additional 189 shares during the period. Trust Co. of Vermont acquired a new position in IDACORP in the 2nd quarter valued at about $30,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of IDACORP during the second quarter worth approximately $33,000. 89.10% of the stock is owned by institutional investors.

IDACORP Stock Performance

Shares of NYSE:IDA opened at $135.62 on Monday. IDACORP has a 1-year low of $122.30 and a 1-year high of $154.91. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $7.84 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.34 and a beta of 0.47. The business has a 50-day moving average price of $144.41 and a two-hundred day moving average price of $143.38.

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

IDACORP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 5th were paid a $0.88 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. IDACORP's dividend payout ratio is presently 58.28%.

About IDACORP

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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