Analysts Set IDACORP, Inc. (NYSE:IDA) PT at $154.57

IDACORP, Inc. (NYSE:IDA) has been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $154.5714.

IDA has been the topic of a number of research analyst reports. Mizuho set a $157.00 price target on shares of IDACORP in a report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IDACORP in a report on Monday, August 3rd. Wells Fargo & Company upped 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. BTIG Research reissued a “buy” rating and issued a $160.00 target price on shares of IDACORP in a research note on Thursday, July 23rd. Finally, Barclays lowered their price target on IDACORP from $167.00 to $162.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd.

IDACORP Stock Down 0.8%

Shares of NYSE IDA opened at $141.44 on Thursday. IDACORP has a 12 month low of $122.30 and a 12 month 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 firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 2.46 and a beta of 0.48. The business has a 50-day moving average of $146.16 and a 200-day moving average of $143.24.

IDACORP (NYSE:IDA) last announced its earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.01. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. The business had revenue of $469.80 million for the quarter, compared to the consensus estimate of $511.87 million. During the same period last year, the firm posted $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Sell-side analysts expect that IDACORP will post 6.39 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 5th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, August 5th. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. IDACORP’s dividend payout ratio is 58.28%.

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 dated Friday, May 29th. The stock was sold at an average price of $140.95, for a total transaction of $211,425.00. Following 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

Institutional Trading of IDACORP

Several hedge funds and other institutional investors have recently bought and sold shares of IDA. Torren Management LLC purchased a new position in shares of IDACORP during the fourth quarter worth approximately $25,000. Osterweis Capital Management Inc. bought a new stake in shares of IDACORP in the 2nd quarter worth approximately $25,000. Western Wealth Management LLC purchased a new stake in shares of IDACORP in the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after purchasing an additional 189 shares in the last quarter. Finally, Trust Co. of Vermont bought a new position in shares of IDACORP during the 2nd quarter valued at $30,000. Hedge funds and other institutional investors 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.