IDACORP (NYSE:IDA) Stock Dropped to “Sell” by Wall Street Zen

Wall Street Zen lowered shares of IDACORP (NYSE:IDA) from a hold rating to a sell rating in a report released on Saturday,Wall Street Zen reports.

IDA has been the subject of a number of other reports. BTIG Research set a $153.00 price target on IDACORP in a report on Tuesday, October 20th. Barclays dropped their price target on IDACORP from $162.00 to $149.00 and set an “overweight” rating on the stock in a research report on Friday, October 9th. Wells Fargo & Company raised their price objective on IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Morgan Stanley lifted their price objective on shares of IDACORP from $143.00 to $144.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research note on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

IDACORP Price Performance

IDA opened at $145.59 on Friday. The company has a 50-day moving average of $135.46 and a 200-day moving average of $140.69. The company has a market capitalization of $8.42 billion, a P/E ratio of 22.36, a PEG ratio of 2.51 and a beta of 0.48. IDACORP has a 1-year low of $124.12 and a 1-year high of $154.91. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 0.99.

IDACORP (NYSE:IDA) last issued its quarterly 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. The business had revenue of $608.04 million for the quarter, compared to analysts’ expectations of $603.00 million. IDACORP had a net margin of 19.84% and a return on equity of 10.20%. During the same quarter last year, the company posted $2.26 earnings per share. Equities analysts expect that IDACORP will post 6.41 EPS for the current fiscal year.

IDACORP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 5th will be paid a $0.90 dividend. The ex-dividend date is Thursday, November 5th. This is an increase from IDACORP’s previous quarterly dividend of $0.88. This represents a $3.60 dividend on an annualized basis and a yield of 2.5%. IDACORP’s payout ratio is presently 54.07%.

Hedge Funds Weigh In On IDACORP

Institutional investors have recently made changes to their positions in the stock. Robertson Stephens Wealth Management LLC lifted its holdings in shares of IDACORP by 3.9% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 1,988 shares of the energy company’s stock worth $260,000 after purchasing an additional 75 shares during the last quarter. Quadrant Capital Group LLC grew its stake in IDACORP by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 5,921 shares of the energy company’s stock worth $811,000 after buying an additional 82 shares during the last quarter. Sanctuary Advisors LLC grew its stake in IDACORP by 1.6% during the 1st quarter. Sanctuary Advisors LLC now owns 6,482 shares of the energy company’s stock worth $927,000 after buying an additional 103 shares during the last quarter. North Dakota State Investment Board grew its stake in IDACORP by 7.3% during the 3rd quarter. North Dakota State Investment Board now owns 1,720 shares of the energy company’s stock worth $225,000 after buying an additional 117 shares during the last quarter. Finally, QRG Capital Management Inc. grew its stake in IDACORP by 8.4% during the 2nd quarter. QRG Capital Management Inc. now owns 1,632 shares of the energy company’s stock worth $247,000 after buying an additional 126 shares during the last quarter. 89.10% of the stock is owned by institutional investors.

Trending Headlines about IDACORP

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Third-quarter results exceeded expectations: IDACORP reported adjusted earnings of $2.73 per diluted share, up from $2.26 a year earlier and above the $2.51 analyst consensus. Revenue reached $608.0 million, also topping estimates of roughly $603.0 million. Net income rose to $160.2 million from $124.4 million. IDACORP Q3 earnings report
• Positive Sentiment: Full-year outlook was raised: Management increased 2026 EPS guidance to $6.40-$6.50 from $6.30-$6.45, modestly above the prior consensus estimate of $6.39. The upgrade reflects customer growth, higher Idaho Power base rates and stronger revenue from large contract customers. IDACORP revises 2026 earnings guidance
• Positive Sentiment: Long-term electricity demand expectations are favorable: IDACORP forecasts an 8.9% compound annual growth rate in retail sales load through 2032, supporting expectations for sustained customer and rate-base growth at Idaho Power. IDACORP long-term load growth outlook
• Neutral Sentiment: Regulatory and tax-credit items remain watch points: Idaho Power expects to use less than $10 million of additional tax credits under its Idaho regulatory mechanism in 2026. The earnings call focused on how rates, customer expansion and capital investment will affect future results. IDACORP Q3 earnings call transcript
• Negative Sentiment: Insider selling provides a minor counterpoint: Two executives sold 1,500 shares each during the past six months, with no reported insider purchases. These transactions are not necessarily related to the earnings outlook but could modestly temper sentiment. IDACORP insider trading and earnings report

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.