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

Key Points

• IDACORP has a “Moderate Buy” consensus rating from eight analysts, with six buys and two holds. The average 12-month price target is $154.57 versus a recent share price of $141.58.
• The company modestly beat quarterly earnings expectations, reporting $1.79 in EPS versus the $1.78 consensus, although revenue of $469.8 million fell short of the $511.9 million estimate. Management’s fiscal-year 2026 EPS guidance is $6.30–$6.45.
• IDACORP announced a quarterly dividend of $0.88 per share, equivalent to an annualized $3.52 payout and a 2.5% yield. Institutional investors own 89.1% of the company, while an insider recently reduced his holdings by selling 1,500 shares.

Shares of IDACORP, Inc. (NYSE:IDA - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $154.5714.

Several equities analysts recently weighed in on IDA shares. Wells Fargo & Company raised their price objective on IDACORP from $154.00 to $155.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. BTIG Research reiterated a "buy" rating and set a $160.00 target price on shares of IDACORP in a research report on Thursday, July 23rd. Morgan Stanley reissued an "overweight" rating and issued a $156.00 target price on shares of IDACORP in a report on Wednesday, July 22nd. Barclays dropped their price target 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, Weiss Ratings reaffirmed a "buy (b)" rating on shares of IDACORP in a research note on Monday, August 3rd.

Insiders Place Their Bets

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $140.95, for a total transaction of $211,425.00. Following the completion of the transaction, the vice president owned 2,138 shares in the company, valued at approximately $301,351.10. The trade was a 41.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.33% of the company's stock.

Institutional Trading of IDACORP

Several large investors have recently modified their holdings of IDA. BlackRock Inc. purchased a new stake in IDACORP in the 2nd quarter valued at approximately $1,033,914,000. Orion Porfolio Solutions LLC increased its position in IDACORP by 3,215.7% during the second quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company's stock worth $69,784,000 after buying an additional 586,221 shares in the last quarter. Zimmer Partners LP purchased a new position in IDACORP during the third quarter worth $71,031,000. Bank of New York Mellon Corp acquired a new position in shares of IDACORP in the second quarter worth $72,143,000. Finally, Energy Income Partners LLC acquired a new position in shares of IDACORP in the second quarter worth $60,618,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

IDACORP Trading Up 1.0%

Shares of IDA opened at $141.58 on Thursday. IDACORP has a twelve month low of $122.30 and a twelve month 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 firm has a market capitalization of $8.19 billion, a P/E ratio of 23.44, a PEG ratio of 2.41 and a beta of 0.48. The firm's 50-day moving average is $146.01 and its two-hundred day moving average is $143.05.

IDACORP (NYSE:IDA - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 18.78% and a return on equity of 9.34%. During the same period last year, the firm earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, research analysts predict that IDACORP will post 6.39 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, August 5th. IDACORP's dividend payout ratio (DPR) is 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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