IDACORP (NYSE:IDA) Rating Lowered to Sell at Wall Street Zen

IDACORP (NYSE:IDA) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

IDA has been the subject of a number of other research reports. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a research report on Thursday, January 22nd. Jefferies Financial Group decreased their price objective on IDACORP from $152.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Barclays initiated coverage on IDACORP in a research report on Wednesday, January 14th. They set an “overweight” rating and a $144.00 price objective on the stock. UBS Group increased their target price on shares of IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Wells Fargo & Company cut shares of IDACORP from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $129.00 to $118.00 in a research note on Tuesday, January 20th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.67.

IDACORP Stock Up 2.5%

IDA stock opened at $143.37 on Friday. The stock has a market capitalization of $7.87 billion, a P/E ratio of 24.30, a P/E/G ratio of 2.72 and a beta of 0.59. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.93 and a quick ratio of 0.68. IDACORP has a 1-year low of $108.15 and a 1-year high of $145.94. The business has a fifty day moving average price of $132.41 and a 200-day moving average price of $130.11.

IDACORP (NYSE:IDA) last released its quarterly earnings data on Thursday, February 19th. The energy company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. IDACORP had a return on equity of 9.36% and a net margin of 17.84%.The company had revenue of $405.24 million during the quarter, compared to the consensus estimate of $533.06 million. During the same period last year, the company earned $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Equities analysts forecast that IDACORP will post 5.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On IDACORP

Several institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of IDACORP by 79.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock worth $690,000 after acquiring an additional 2,625 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in IDACORP by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock valued at $39,805,000 after purchasing an additional 21,890 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in IDACORP by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company’s stock valued at $16,698,000 after purchasing an additional 10,855 shares during the last quarter. AlphaQuest LLC lifted its position in IDACORP by 46.3% during the second quarter. AlphaQuest LLC now owns 3,272 shares of the energy company’s stock valued at $378,000 after purchasing an additional 1,035 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of IDACORP by 0.8% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 17,854 shares of the energy company’s stock worth $2,061,000 after buying an additional 144 shares in the last quarter. 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.