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

Shares of IDACORP, Inc. (NYSE:IDA) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $153.8571.

IDA has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. BTIG Research reaffirmed a “buy” rating and issued a $160.00 price objective on shares of IDACORP in a research report on Thursday, July 23rd. Barclays dropped their price objective on shares of IDACORP from $167.00 to $162.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. Morgan Stanley reduced their target price on shares of IDACORP from $156.00 to $151.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st. Finally, Wall Street Zen raised IDACORP from a “sell” rating to a “hold” rating in a report on Sunday, September 6th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Entropy Technologies LP boosted its stake in IDACORP by 282.7% in the first quarter. Entropy Technologies LP now owns 24,273 shares of the energy company’s stock valued at $3,470,000 after acquiring an additional 17,931 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of IDACORP during the fourth quarter valued at $6,366,000. Life Cycle Investment Partners Ltd acquired a new stake in shares of IDACORP in the 4th quarter worth approximately $38,817,000. Mendon Capital Advisors Corp acquired a new stake in IDACORP in the first quarter worth approximately $11,096,000. Finally, GW&K Investment Management LLC boosted its stake in IDACORP by 7.1% during the fourth quarter. GW&K Investment Management LLC now owns 716,975 shares of the energy company’s stock valued at $90,741,000 after buying an additional 47,248 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.

IDACORP Trading Up 0.2%

NYSE:IDA opened at $135.82 on Monday. The business’s 50-day moving average is $142.80 and its two-hundred day moving average is $143.21. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.75. IDACORP has a 12 month low of $124.12 and a 12 month high of $154.91. The firm has a market capitalization of $7.86 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.34 and a beta of 0.47.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.01. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.The company had revenue of $469.80 million during the quarter, compared to the consensus estimate of $511.87 million. During the same quarter in the prior year, the business earned $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Research analysts predict that IDACORP will post 6.38 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 5th were given a $0.88 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $3.52 annualized dividend and a dividend yield of 2.6%. IDACORP’s payout ratio is presently 58.28%.

IDACORP Company Profile

IDACORP, Inc is a holding company headquartered in Boise, Idaho. Through its principal subsidiary, Idaho Power Company, it operates as a regulated electric utility serving customers across southern Idaho and eastern Oregon.

Idaho Power’s activities include the generation, transmission, distribution and sale of electricity to residential, commercial, industrial and agricultural customers. The company operates a diverse generation portfolio that includes hydroelectric, natural gas, coal and renewable energy resources, supported by transmission and distribution infrastructure.

Idaho Power was established in 1916 and has played a longstanding role in developing and supplying electricity throughout its service territory.