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

Key Points

• Analysts give IDACORP an average recommendation of Moderate Buy from nine firms (7 buys, 1 hold, 1 sell) with a mean 12‑month price target of $144.25; recent notes include Barclays raising its target to $159 and Mizuho to $148 while Wall Street Zen downgraded to sell.
• IDACORP beat quarterly EPS estimates ($0.78 vs. $0.74) but missed revenue expectations ($405.24M vs. $533.06M), and management set FY2026 guidance of 6.250–6.450 EPS as the stock trades near its 52‑week high (~$148).
• The company pays a quarterly dividend of $0.88 (annualized $3.52, yield 2.4%, payout ratio ~59.7%); insiders recently sold shares and institutional investors own about 89.1% of the stock.

Shares of IDACORP, Inc. (NYSE:IDA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $144.25.

Several equities research analysts have recently weighed in on IDA shares. Barclays increased their target price on shares of IDACORP from $149.00 to $159.00 and gave the company an "overweight" rating in a research note on Wednesday. Mizuho raised their price objective on shares of IDACORP from $141.00 to $148.00 and gave the stock an "outperform" rating in a research note on Friday, February 20th. Wall Street Zen downgraded shares of IDACORP from a "hold" rating to a "sell" rating in a research note on Sunday, February 22nd. UBS Group raised their price objective on shares of IDACORP from $134.00 to $142.00 and gave the stock a "neutral" rating in a research note on Friday, February 20th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of IDACORP in a research note on Thursday, January 22nd.

IDACORP Trading Up 1.4%

IDA stock opened at $148.31 on Friday. The firm has a fifty day moving average price of $140.83 and a 200 day moving average price of $133.87. IDACORP has a fifty-two week low of $108.15 and a fifty-two week high of $148.66. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93. The firm has a market cap of $8.15 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 2.85 and a beta of 0.54.

IDACORP (NYSE:IDA - Get Free Report) last posted its earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.04. IDACORP had a net margin of 17.84% and a return on equity of 9.36%. The firm had revenue of $405.24 million during the quarter, compared to analyst estimates of $533.06 million. During the same period last year, the firm posted $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Sell-side analysts anticipate that IDACORP will post 5.81 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 5th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, February 5th. IDACORP's payout ratio is currently 59.66%.

Insider Activity

In other news, VP Julia A. Hilton sold 1,000 shares of the business's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total transaction 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. The trade was a 30.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company's stock.

Institutional Trading of IDACORP

A number of large investors have recently made changes to their positions in IDA. Torren Management LLC purchased a new stake in shares of IDACORP during the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of IDACORP by 630.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company's stock valued at $29,000 after purchasing an additional 189 shares during the period. Quent Capital LLC purchased a new stake in shares of IDACORP during the third quarter valued at $30,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of IDACORP during the third quarter valued at $34,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of IDACORP during the fourth quarter valued at $35,000. 89.10% of the stock is owned by hedge funds and other institutional investors.

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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