IDACORP (NYSE:IDA) Raised to “Sell” at Wall Street Zen

IDACORP (NYSE:IDA) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Tuesday.

A number of other equities analysts have also recently commented on the company. Wells Fargo & Company reissued an “underweight” rating and set a $121.00 price target on shares of IDACORP in a report on Tuesday, April 21st. Jefferies Financial Group reduced their price objective on IDACORP from $152.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. BTIG Research reissued a “buy” rating and set a $156.00 target price on shares of IDACORP in a research note on Friday, January 30th. Morgan Stanley reissued an “overweight” rating and issued a $157.00 target price on shares of IDACORP in a report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.00.

IDACORP Stock Up 1.0%

Shares of NYSE IDA opened at $145.41 on Tuesday. The stock has a market capitalization of $8.06 billion, a P/E ratio of 24.19, a PEG ratio of 2.87 and a beta of 0.52. The stock’s fifty day moving average is $143.54 and its 200 day moving average is $135.71. IDACORP has a 52 week low of $108.15 and a 52 week high of $149.73. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 1.21.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, April 30th. The energy company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $403.41 million during the quarter, compared to analysts’ expectations of $437.51 million. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. During the same quarter in the prior year, the business posted $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Sell-side analysts forecast that IDACORP will post 6.39 earnings per share for the current fiscal year.

Insider Transactions at IDACORP

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of the stock in a transaction dated 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 transaction, the vice president directly owned 2,313 shares in the company, valued at approximately $330,273.27. This trade represents a 30.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by insiders.

Institutional Trading of IDACORP

Hedge funds and other institutional investors have recently made changes to their positions in the company. AMG National Trust Bank increased its stake in shares of IDACORP by 0.7% in the third quarter. AMG National Trust Bank now owns 11,665 shares of the energy company’s stock valued at $1,542,000 after buying an additional 80 shares during the period. Assetmark Inc. boosted its position in IDACORP by 7.6% during the 3rd quarter. Assetmark Inc. now owns 1,128 shares of the energy company’s stock worth $149,000 after buying an additional 80 shares during the period. AssuredPartners Investment Advisors LLC boosted its position in IDACORP by 5.1% during the 4th quarter. AssuredPartners Investment Advisors LLC now owns 1,653 shares of the energy company’s stock worth $209,000 after buying an additional 80 shares during the period. Smartleaf Asset Management LLC grew its holdings in IDACORP by 31.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 408 shares of the energy company’s stock worth $53,000 after acquiring an additional 97 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in IDACORP by 48.0% in the 4th quarter. Harbour Investments Inc. now owns 302 shares of the energy company’s stock valued at $38,000 after acquiring an additional 98 shares during the period. 89.10% of the stock is currently owned by institutional investors.

IDACORP Company Profile

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.