IDACORP (NYSE:IDA) Stock Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• IDACORP shares briefly fell below their 200-day moving average of $140.39, trading as low as $139.99 before closing near $140.34.
• Analysts remain broadly positive, with six Buy ratings and two Holds; the stock has a consensus “Moderate Buy” rating and an average price target of $150.
• IDACORP raised its quarterly dividend to $0.90 per share, or $3.60 annually, producing a yield of approximately 2.6%.

IDACORP, Inc. (NYSE:IDA - Get Free Report) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $140.39 and traded as low as $139.99. IDACORP shares last traded at $140.3430, with a volume of 392,339 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IDA. Wall Street Zen raised shares of IDACORP from a "sell" rating to a "hold" rating in a research report on Sunday, September 6th. BTIG Research set a $153.00 price target on shares of IDACORP in a research note on Tuesday, October 20th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of IDACORP in a research report on Monday, August 3rd. Morgan Stanley upped their price objective on shares of IDACORP from $143.00 to $144.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 21st. Finally, Wells Fargo & Company lifted their price target on IDACORP from $154.00 to $155.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, IDACORP currently has a consensus rating of "Moderate Buy" and an average target price of $150.00.

IDACORP Price Performance

The firm has a market capitalization of $8.12 billion, a PE ratio of 23.24, a P/E/G ratio of 2.44 and a beta of 0.48. The firm's fifty day moving average price is $135.36 and its 200 day moving average price is $140.39. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97.

IDACORP (NYSE:IDA - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.01. IDACORP had a return on equity of 9.34% and a net margin of 18.78%. The business had revenue of $469.80 million during the quarter, compared to analyst estimates of $511.87 million. During the same quarter last year, the business posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, equities analysts forecast that IDACORP, Inc. will post 6.39 earnings per share for the current year.

IDACORP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 5th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 5th. This is a boost from IDACORP's previous quarterly dividend of $0.88. IDACORP's payout ratio is presently 58.28%.

Institutional Investors Weigh In On IDACORP

Several large investors have recently bought and sold shares of IDA. Osterweis Capital Management Inc. purchased a new stake in shares of IDACORP during the second quarter worth approximately $25,000. Western Wealth Management LLC acquired a new position in shares of IDACORP during the 1st quarter worth approximately $29,000. Trust Co. of Vermont acquired a new stake in shares of IDACORP in the second quarter valued at approximately $30,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in IDACORP during the second quarter worth approximately $33,000. Finally, Summit Securities Group LLC acquired a new position in IDACORP during the first quarter worth $37,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

IDACORP Company Profile

IDACORP, Inc is a holding company whose principal subsidiary, Idaho Power Company, is a regulated electric utility. Idaho Power generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.

Idaho Power serves customers across southern Idaho and eastern Oregon. Its power supply includes a substantial hydroelectric system, along with energy from thermal, wind, solar and other resources. The company also operates and maintains the transmission and distribution infrastructure needed to deliver electricity throughout its service area.

Idaho Power traces its history to 1916, when it was established to provide electric service in Idaho.

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