IDACORP (NYSE:IDA) Given New $159.00 Price Target at Barclays

IDACORP (NYSE:IDA) had its target price upped by stock analysts at Barclays from $149.00 to $159.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the energy company’s stock. Barclays‘s price objective would suggest a potential upside of 9.16% from the stock’s previous close.

Several other brokerages also recently commented on IDA. UBS Group upped their target price on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Wells Fargo & Company downgraded shares of IDACORP from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $129.00 to $118.00 in a research note on Tuesday, January 20th. Morgan Stanley set a $155.00 target price on shares of IDACORP in a research note on Friday, February 20th. Jefferies Financial Group lowered their target price on shares of IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Finally, Wall Street Zen downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.25.

IDACORP Price Performance

Shares of NYSE IDA traded up $0.65 during trading on Wednesday, reaching $145.66. The company had a trading volume of 72,543 shares, compared to its average volume of 474,146. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93. The stock has a market cap of $8.00 billion, a PE ratio of 24.69, a PEG ratio of 2.81 and a beta of 0.54. The business’s 50 day moving average price is $140.23 and its 200-day moving average price is $133.68. IDACORP has a 52 week low of $108.15 and a 52 week high of $145.94.

IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The business had revenue of $405.24 million during the quarter, compared to the consensus estimate of $533.06 million. IDACORP had a net margin of 17.84% and a return on equity of 9.36%. During the same period in the previous year, the firm posted $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Analysts expect that IDACORP will post 5.81 earnings per share for the current year.

Insider Buying and Selling

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total value of $142,790.00. Following the completion of the sale, the vice president owned 2,313 shares in the company, valued at $330,273.27. This trade represents a 30.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of IDACORP

Large investors have recently added to or reduced their stakes in the company. AMG National Trust Bank raised its position 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 purchasing an additional 80 shares during the period. Assetmark Inc. raised its position in shares of IDACORP by 7.6% in the third quarter. Assetmark Inc. now owns 1,128 shares of the energy company’s stock valued at $149,000 after purchasing an additional 80 shares during the period. AssuredPartners Investment Advisors LLC raised its position in shares of IDACORP by 5.1% in the fourth quarter. AssuredPartners Investment Advisors LLC now owns 1,653 shares of the energy company’s stock valued at $209,000 after purchasing an additional 80 shares during the period. Smartleaf Asset Management LLC raised its position in shares of IDACORP by 31.2% in the third quarter. Smartleaf Asset Management LLC now owns 408 shares of the energy company’s stock valued at $53,000 after purchasing an additional 97 shares during the period. Finally, Harbour Investments Inc. raised its position in shares of IDACORP by 48.0% in the fourth quarter. Harbour Investments Inc. now owns 302 shares of the energy company’s stock valued at $38,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

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.