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

IDACORP, Inc. (NYSE:IDA) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $148.5714.

Several equities research analysts recently weighed in on IDA shares. Wall Street Zen raised shares of IDACORP from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 12th. Morgan Stanley set a $147.00 target price on shares of IDACORP in a research note on Thursday, May 21st. UBS Group upped their target price 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. Barclays upped their target price on shares of IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $121.00 target price on shares of IDACORP in a research note on Tuesday, April 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in IDACORP during the 4th quarter worth approximately $25,000. Western Wealth Management LLC acquired a new position in IDACORP during the 1st quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd grew its holdings in IDACORP by 630.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after acquiring an additional 189 shares in the last quarter. Summit Securities Group LLC acquired a new position in IDACORP during the 1st quarter worth approximately $37,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in IDACORP during the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

IDACORP Price Performance

IDACORP stock opened at $140.17 on Friday. The company’s 50 day simple moving average is $143.41 and its 200-day simple moving average is $136.65. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 2.80 and a beta of 0.52. IDACORP has a 1 year low of $111.12 and a 1 year 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 released its quarterly earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. The business had revenue of $403.41 million for the quarter, compared to the consensus estimate of $437.51 million. During the same period in the previous year, the firm earned $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, equities research analysts expect that IDACORP will post 6.39 earnings per share for the current year.

IDACORP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 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 Tuesday, May 5th. IDACORP’s payout ratio is 58.57%.

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.