IDACORP, Inc. (NYSE:IDA) Stock Has Average Target Price of $152.71 According to Analysts

Key Points

• Analysts give IDACORP a “Moderate Buy” consensus, with six buy ratings and two holds; the average 12-month price target is $152.71 versus a reported share price of $132.00.
• IDACORP slightly exceeded quarterly EPS expectations, reporting $1.79 versus a $1.78 consensus estimate, while revenue of $469.8 million fell short of the $511.87 million estimate. The company maintained fiscal 2026 EPS guidance of $6.30–$6.45.
• The company pays a quarterly dividend of $0.88, equivalent to $3.52 annually and a 2.7% yield. Institutional investors own 89.1% of IDACORP’s outstanding shares.

Shares of IDACORP, Inc. (NYSE:IDA - Get Free Report) have been given an average rating of "Moderate Buy" by the eight ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $152.71.

A number of brokerages have recently commented on IDA. Wells Fargo & Company upped 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 restated a "buy" rating and set a $160.00 price target on shares of IDACORP in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of IDACORP in a report on Monday, August 3rd. Barclays reduced their price objective on IDACORP from $167.00 to $162.00 and set an "overweight" rating for the company in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of IDACORP from a "sell" rating to a "hold" rating in a research note on Sunday, September 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IDA. Harbour Investments Inc. boosted its holdings in shares of IDACORP by 48.0% during the 4th quarter. Harbour Investments Inc. now owns 302 shares of the energy company's stock worth $38,000 after buying an additional 98 shares during the period. Sanctuary Advisors LLC raised its holdings in IDACORP by 1.6% in the 1st quarter. Sanctuary Advisors LLC now owns 6,482 shares of the energy company's stock valued at $927,000 after acquiring an additional 103 shares during the period. QRG Capital Management Inc. lifted its position in IDACORP by 8.4% during the second quarter. QRG Capital Management Inc. now owns 1,632 shares of the energy company's stock worth $247,000 after acquiring an additional 126 shares during the last quarter. Capstone Financial Advisors Inc. lifted its position in IDACORP by 8.8% during the second quarter. Capstone Financial Advisors Inc. now owns 1,625 shares of the energy company's stock worth $246,000 after acquiring an additional 131 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of IDACORP by 2.8% during the first quarter. Parallel Advisors LLC now owns 5,824 shares of the energy company's stock worth $833,000 after acquiring an additional 156 shares during the period. Institutional investors own 89.10% of the company's stock.

IDACORP Price Performance

NYSE IDA opened at $132.00 on Friday. 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 company has a fifty day simple moving average of $137.59 and a 200 day simple moving average of $142.06. The company has a market cap of $7.64 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.25 and a beta of 0.48. IDACORP has a 1 year low of $124.12 and a 1 year high of $154.91.

IDACORP (NYSE:IDA - Get Free Report) last announced 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. The firm had revenue of $469.80 million for the quarter, compared to the consensus estimate of $511.87 million. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. During the same quarter last year, the firm posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, sell-side analysts predict that IDACORP will post 6.38 EPS for the current year.

IDACORP Announces Dividend

The firm 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 2.7%. IDACORP's payout ratio is presently 58.28%.

About IDACORP

IDACORP, Inc NYSE: IDA is an energy holding company headquartered in Boise, Idaho. Its principal subsidiary, Idaho Power Company, is a regulated electric utility that generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.

Idaho Power serves a broad territory covering southern Idaho and eastern Oregon. Its electricity supply portfolio includes hydroelectric generation, natural gas and other thermal resources, as well as power purchased from renewable and other third-party sources.

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