IDACORP (NYSE:IDA) Stock Passes Above 200-Day Moving Average – Time to Sell?

IDACORP, Inc. (NYSE:IDA)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $140.55 and traded as high as $152.95. IDACORP shares last traded at $151.0740, with a volume of 415,107 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on IDA shares. Barclays raised 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. Wall Street Zen upgraded shares of IDACORP from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 12th. Mizuho set a $157.00 price objective on shares of IDACORP in a research note on Friday, May 1st. Weiss Ratings upgraded shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $121.00 price objective on shares of IDACORP in a research report on Tuesday, April 21st. Six research 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. Based on data from MarketBeat, IDACORP presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.29.

IDACORP Price Performance

The firm has a 50-day moving average of $144.25 and a 200-day moving average of $140.55. The stock has a market cap of $8.37 billion, a PE ratio of 25.14, a PEG ratio of 3.00 and a beta of 0.48. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 0.95.

IDACORP (NYSE:IDA) last posted its quarterly earnings results 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. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.The business had revenue of $403.41 million during the quarter, compared to the consensus estimate of $437.51 million. During the same period in the prior year, the company posted $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Research analysts predict that IDACORP, Inc. will post 6.39 EPS for the current year.

IDACORP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 5th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, May 5th. IDACORP’s payout ratio is 58.57%.

Insider Buying and Selling at IDACORP

In related news, VP James Bo D. Hanchey sold 1,500 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $140.95, for a total transaction of $211,425.00. Following the completion of the transaction, the vice president directly owned 2,138 shares of the company’s stock, valued at approximately $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

Institutional Trading of IDACORP

Hedge funds have recently bought and sold shares of the stock. Torren Management LLC bought a new position in shares of IDACORP during the 4th quarter valued at about $25,000. Western Wealth Management LLC bought a new stake in shares of IDACORP in the first quarter worth about $29,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of IDACORP by 630.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after purchasing an additional 189 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of IDACORP in the third quarter worth about $34,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of IDACORP in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

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.