IDACORP, Inc. (NYSE:IDA) Stock Has Average Price Target of $152.71 According to Analysts

IDACORP, Inc. (NYSE:IDA) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $152.71.

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of IDACORP from a “sell” rating to a “hold” rating in a research note on Sunday, September 6th. BTIG Research reiterated a “buy” rating and issued a $160.00 price objective on shares of IDACORP in a research note on Thursday, July 23rd. Barclays reduced their price target on IDACORP from $167.00 to $162.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research note on Monday, August 3rd. Finally, Wells Fargo & Company increased their price objective on IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st.

Institutional Trading of IDACORP

Hedge funds and other institutional investors have recently bought and sold shares of the company. Entropy Technologies LP raised its position in shares of IDACORP by 282.7% in the first quarter. Entropy Technologies LP now owns 24,273 shares of the energy company’s stock worth $3,470,000 after buying an additional 17,931 shares in the last quarter. Aptus Capital Advisors LLC purchased a new stake in shares of IDACORP in the 4th quarter valued at $6,366,000. Mendon Capital Advisors Corp purchased a new position in IDACORP in the 1st quarter worth approximately $11,096,000. Public Employees Retirement System of Ohio purchased a new stake in IDACORP during the 2nd quarter valued at $2,690,000. Finally, GW&K Investment Management LLC grew its stake in shares of IDACORP by 7.1% in the fourth quarter. GW&K Investment Management LLC now owns 716,975 shares of the energy company’s stock worth $90,741,000 after purchasing an additional 47,248 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.

IDACORP Stock Performance

Shares of IDACORP stock opened at $132.59 on Friday. The company has a market cap of $7.67 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 2.29 and a beta of 0.48. IDACORP has a 52 week low of $124.12 and a 52 week high of $154.91. The business has a 50 day moving average price of $137.27 and a 200-day moving average price of $141.99. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97.

IDACORP (NYSE:IDA) last announced its earnings results on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.78 by $0.01. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. 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 company posted $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Equities analysts anticipate that IDACORP will post 6.38 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 5th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 5th. IDACORP’s dividend payout ratio is presently 58.28%.

About IDACORP

IDACORP, Inc (NYSE: IDA) is an energy holding company headquartered in Boise, Idaho. Its principal subsidiary, Idaho Power Company, is a regulated electric utility that generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.

Idaho Power serves a broad territory covering southern Idaho and eastern Oregon. Its electricity supply portfolio includes hydroelectric generation, natural gas and other thermal resources, as well as power purchased from renewable and other third-party sources.