IDACORP, Inc. (NYSE:IDA) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of IDACORP, Inc. (NYSE:IDA) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $152.71.

A number of research firms have commented on IDA. Barclays cut their target price on shares of IDACORP from $167.00 to $162.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research note on Monday, August 3rd. Wall Street Zen upgraded IDACORP from a “sell” rating to a “hold” rating in a report on Sunday, September 6th. Wells Fargo & Company boosted their price objective on shares of IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Finally, BTIG Research reiterated a “buy” rating and issued a $160.00 price target on shares of IDACORP in a research note on Thursday, July 23rd.

IDACORP Price Performance

Shares of IDACORP stock opened at $134.00 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 0.99. The stock has a 50 day moving average price of $136.22 and a 200-day moving average price of $141.80. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.28 and a beta of 0.48. IDACORP has a one year low of $124.12 and a one year high of $154.91.

IDACORP (NYSE:IDA) last issued its quarterly earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.01. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.The firm had revenue of $469.80 million for the quarter, compared to the consensus estimate of $511.87 million. During the same period in the prior year, the business posted $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Equities analysts expect that IDACORP will post 6.38 EPS for the current year.

IDACORP Announces Dividend

The company 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 was Wednesday, August 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. IDACORP’s dividend payout ratio (DPR) is 58.28%.

Institutional Trading of IDACORP

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in IDACORP during the second quarter valued at $1,033,914,000. Bank of New York Mellon Corp acquired a new stake in IDACORP during the 2nd quarter worth about $72,143,000. Energy Income Partners LLC acquired a new stake in IDACORP during the 2nd quarter worth about $60,618,000. Bank of America Corp DE purchased a new position in shares of IDACORP during the 2nd quarter valued at about $54,985,000. Finally, Capital Research Global Investors purchased a new position in shares of IDACORP during the 4th quarter valued at about $44,511,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

IDACORP Company Profile

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.