IDACORP, Inc. (NYSE:IDA) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts rate IDACORP a "Moderate Buy" — consensus from eight brokerages (6 buy, 1 hold, 1 sell) with an average 1‑year price target of about $148.86, and several firms recently raised targets (Barclays $159, Morgan Stanley $157).
• Heavy institutional ownership — institutions and hedge funds own 89.10% of shares with recent position increases by firms like Goldman Sachs, Invesco and UBS, while insiders own just 0.33% and a VP recently sold 1,000 shares.
• Mixed quarterly results and steady payout — Q1 EPS of $1.21 beat estimates but revenue missed, company set FY2026 guidance of $6.25–$6.45 EPS, and declared a $0.88 quarterly dividend (annual $3.52, ~2.4% yield).

IDACORP, Inc. (NYSE:IDA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $148.8571.

IDA has been the topic of several recent analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of IDACORP in a research note on Thursday, January 22nd. Barclays increased their price target on shares of IDACORP from $149.00 to $159.00 and gave the company an "overweight" rating in a research note on Wednesday, April 8th. Jefferies Financial Group dropped their price target on shares of IDACORP from $152.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, January 28th. Wall Street Zen downgraded IDACORP from a "sell" rating to a "strong sell" rating in a report on Monday. Finally, Morgan Stanley reissued an "overweight" rating and issued a $157.00 price objective on shares of IDACORP in a report on Monday, April 27th.

Insider Buying and Selling at IDACORP

In other news, VP Julia A. Hilton sold 1,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $142.79, for a total value of $142,790.00. Following the completion of the sale, the vice president directly owned 2,313 shares of the company's stock, valued at approximately $330,273.27. This represents a 30.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company's stock.

Institutional Investors Weigh In On IDACORP

Several large investors have recently modified their holdings of IDA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of IDACORP by 79.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company's stock valued at $690,000 after acquiring an additional 2,625 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of IDACORP by 6.8% in the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company's stock valued at $39,805,000 after acquiring an additional 21,890 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of IDACORP by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company's stock valued at $16,698,000 after acquiring an additional 10,855 shares during the period. American Century Companies Inc. lifted its holdings in shares of IDACORP by 12.6% during the second quarter. American Century Companies Inc. now owns 18,035 shares of the energy company's stock worth $2,082,000 after purchasing an additional 2,016 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of IDACORP by 5.7% during the second quarter. Invesco Ltd. now owns 247,190 shares of the energy company's stock worth $28,538,000 after purchasing an additional 13,297 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

IDACORP Stock Performance

Shares of IDACORP stock opened at $146.53 on Tuesday. The firm has a market capitalization of $8.05 billion, a P/E ratio of 24.38, a P/E/G ratio of 2.93 and a beta of 0.52. IDACORP has a 52 week low of $108.15 and a 52 week high of $149.73. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. The firm's 50 day moving average is $143.36 and its two-hundred day moving average is $135.43.

IDACORP (NYSE:IDA - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The company had revenue of $403.41 million for the quarter, compared to analyst estimates of $437.51 million. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. During the same period in the prior year, the firm posted $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Research analysts forecast that IDACORP will post 6.39 EPS for the current fiscal year.

IDACORP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 5th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, May 5th. IDACORP's dividend payout ratio is presently 58.57%.

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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