IDACORP, Inc. (NYSE:IDA) Stock Has Average Price Target of $150.00 According to Brokerages

Shares of IDACORP, Inc. (NYSE:IDA) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com 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 12-month price target among analysts that have issued a report on the stock in the last year is $150.00.

IDA has been the topic of several recent analyst reports. BTIG Research set a $153.00 target price on shares of IDACORP in a research note on Tuesday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IDACORP in a report on Monday, August 3rd. Wells Fargo & Company increased their target price on shares of IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Wall Street Zen raised shares of IDACORP from a “sell” rating to a “hold” rating in a report on Sunday, September 6th. Finally, Barclays reduced their price target on shares of IDACORP from $162.00 to $149.00 and set an “overweight” rating on the stock in a research report on Friday, October 9th.

More IDACORP News

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Quarterly earnings beat expectations. Third-quarter net income rose to $160.2 million, or $2.73 per diluted share, from $124.4 million, or $2.26 per share, a year earlier. EPS exceeded the $2.51 analyst consensus, while revenue of $608.0 million also topped estimates of approximately $603.0 million. IDACORP quarterly earnings report
• Positive Sentiment: Full-year guidance was raised. IDACORP now expects 2026 earnings of $6.40 to $6.50 per diluted share, up from its previous range of $6.30 to $6.45 and modestly above the $6.39 consensus estimate. The higher outlook reinforces investor expectations for continued earnings growth. IDACORP revised earnings guidance
• Positive Sentiment: Underlying operating trends improved. Management cited customer growth, higher regulated base rates and stronger revenue from large contract customers. Nine-month net income reached $330.8 million, compared with $279.9 million in the prior-year period. IDACORP third-quarter results
• Neutral Sentiment: IDACORP said Idaho Power expects to use less than $10 million of additional tax credits under the Idaho regulatory mechanism in 2026. This may support earnings, although the benefit appears limited relative to the company’s overall results.
• Negative Sentiment: Recent insider-trading data showed sales, rather than purchases, by two company executives. While these transactions are not necessarily related to operating performance, they may be a modest cautionary signal for investors.

IDACORP Trading Up 3.0%

Shares of IDA opened at $143.89 on Tuesday. IDACORP has a 1 year low of $124.12 and a 1 year high of $154.91. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. The stock has a 50 day simple moving average of $135.36 and a 200-day simple moving average of $140.60. The stock has a market cap of $8.32 billion, a PE ratio of 23.82, a PEG ratio of 2.42 and a beta of 0.48.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, October 29th. The energy company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.51 by $0.22. IDACORP had a return on equity of 9.34% and a net margin of 18.78%. The business had revenue of $608.04 million during the quarter, compared to the consensus estimate of $603.00 million. During the same quarter last year, the company earned $2.26 EPS. On average, sell-side analysts predict that IDACORP will post 6.39 EPS for the current fiscal year.

IDACORP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Thursday, November 5th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, November 5th. This is a positive change from IDACORP’s previous quarterly dividend of $0.88. This represents a $3.60 annualized dividend and a dividend yield of 2.5%. IDACORP’s dividend payout ratio (DPR) is 58.28%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Entropy Technologies LP grew its holdings in shares of IDACORP by 282.7% in the 1st quarter. Entropy Technologies LP now owns 24,273 shares of the energy company’s stock valued at $3,470,000 after buying an additional 17,931 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of IDACORP during the second quarter worth about $2,690,000. PDT Partners LLC bought a new position in shares of IDACORP during the 2nd quarter valued at about $4,454,000. Mendon Capital Advisors Corp acquired a new position in shares of IDACORP in the 1st quarter valued at approximately $11,096,000. Finally, Tidal Investments LLC grew its position in shares of IDACORP by 52.8% in the 2nd quarter. Tidal Investments LLC now owns 218,614 shares of the energy company’s stock valued at $33,076,000 after purchasing an additional 75,509 shares during the period. Institutional investors own 89.10% of the company’s stock.

About IDACORP

IDACORP, Inc is a holding company whose principal subsidiary, Idaho Power Company, is a regulated electric utility. Idaho Power generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.

Idaho Power serves customers across southern Idaho and eastern Oregon. Its power supply includes a substantial hydroelectric system, along with energy from thermal, wind, solar and other resources. The company also operates and maintains the transmission and distribution infrastructure needed to deliver electricity throughout its service area.

Idaho Power traces its history to 1916, when it was established to provide electric service in Idaho.