Barclays Issues Pessimistic Forecast for IDACORP (NYSE:IDA) Stock Price

IDACORP (NYSE:IDA) had its target price decreased by investment analysts at Barclays from $167.00 to $162.00 in a research note issued to investors on Monday, MarketBeat reports. The brokerage currently has an “overweight” rating on the energy company’s stock. Barclays‘s price target points to a potential upside of 12.97% from the company’s current price.

IDA has been the subject of a number of other reports. Wall Street Zen raised shares of IDACORP from a “sell” rating to a “hold” rating in a research note on Sunday. Morgan Stanley reaffirmed an “overweight” rating and set a $156.00 price objective on shares of IDACORP in a research report on Wednesday, July 22nd. Wells Fargo & Company upped their target price on IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday. BTIG Research reissued a “buy” rating and issued a $160.00 target price on shares of IDACORP in a research report on Thursday, July 23rd. Finally, Mizuho set a $157.00 target price on IDACORP in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $154.57.

IDACORP Stock Performance

NYSE:IDA opened at $143.40 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. The firm’s fifty day simple moving average is $145.64 and its 200 day simple moving average is $142.55. The stock has a market cap of $8.29 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 2.46 and a beta of 0.48. IDACORP has a twelve month low of $122.30 and a twelve month high of $154.91.

IDACORP (NYSE:IDA) last issued its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, topping 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 business had revenue of $469.80 million during the quarter, compared to analyst estimates of $511.87 million. During the same period in the prior year, the business earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, research analysts predict that IDACORP will post 6.39 EPS for the current year.

Insider Buying and Selling at IDACORP

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $140.95, for a total transaction of $211,425.00. Following the completion of the transaction, the vice president owned 2,138 shares of the company’s stock, valued at approximately $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 made changes to their positions in IDA. Entropy Technologies LP grew its stake 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 acquiring an additional 17,931 shares during the last quarter. Phocas Financial Corp. bought a new position in IDACORP in the 4th quarter worth about $7,171,000. Reaves W H & Co. Inc. boosted its stake in IDACORP by 6.3% in the 4th quarter. Reaves W H & Co. Inc. now owns 1,807,811 shares of the energy company’s stock worth $228,797,000 after purchasing an additional 107,131 shares in the last quarter. GW&K Investment Management LLC grew its position in IDACORP by 7.1% during the 4th quarter. GW&K Investment Management LLC now owns 716,975 shares of the energy company’s stock valued at $90,741,000 after purchasing an additional 47,248 shares during the last quarter. Finally, Life Cycle Investment Partners Ltd purchased a new stake in IDACORP during the 4th quarter valued at about $38,817,000. 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.