Brokerages Set IDACORP, Inc. (NYSE:IDA) Target Price at $137.67

IDACORP, Inc. (NYSE:IDA) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $140.6667.

IDA has been the subject of a number of research reports. UBS Group raised their target price on IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday. Wall Street Zen downgraded IDACORP from a “hold” rating to a “sell” rating in a research report on Sunday. Wells Fargo & Company cut IDACORP from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $129.00 to $118.00 in a report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a report on Thursday, January 22nd. Finally, Jefferies Financial Group cut their target price on shares of IDACORP from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th.

IDACORP Price Performance

NYSE:IDA opened at $143.37 on Thursday. The firm has a market cap of $7.87 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 2.72 and a beta of 0.59. The company’s 50-day moving average price is $132.41 and its two-hundred day moving average price is $130.11. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.93. IDACORP has a 12 month low of $108.15 and a 12 month high of $145.94.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $405.24 million during the quarter, compared to analysts’ expectations of $533.06 million. IDACORP had a net margin of 17.84% and a return on equity of 9.36%. During the same quarter in the previous year, the company posted $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, equities analysts anticipate that IDACORP will post 5.81 EPS for the current fiscal year.

IDACORP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. IDACORP’s dividend payout ratio (DPR) is presently 59.66%.

Institutional Trading of IDACORP

Several institutional investors and hedge funds have recently made changes to their positions in IDA. AMG National Trust Bank boosted its position in shares of IDACORP by 0.7% in the 3rd quarter. AMG National Trust Bank now owns 11,665 shares of the energy company’s stock worth $1,542,000 after purchasing an additional 80 shares during the last quarter. Assetmark Inc. lifted its stake in IDACORP by 7.6% in the third quarter. Assetmark Inc. now owns 1,128 shares of the energy company’s stock valued at $149,000 after buying an additional 80 shares during the period. AssuredPartners Investment Advisors LLC boosted its holdings in IDACORP by 5.1% during the fourth quarter. AssuredPartners Investment Advisors LLC now owns 1,653 shares of the energy company’s stock worth $209,000 after buying an additional 80 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of IDACORP by 33.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 382 shares of the energy company’s stock worth $44,000 after buying an additional 96 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of IDACORP by 31.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 408 shares of the energy company’s stock valued at $53,000 after acquiring an additional 97 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.

About IDACORP

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.