Analysts Set IDACORP, Inc. (NYSE:IDA) Price Target at $143.00

Shares of IDACORP, Inc. (NYSE:IDA) have received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $143.00.

Several analysts recently commented on the stock. Barclays increased their price objective on shares of IDACORP from $144.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. BTIG Research reaffirmed a “buy” rating and issued a $156.00 target price on shares of IDACORP in a report on Friday, January 30th. Mizuho upped their target price on shares of IDACORP from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. UBS Group increased their price target on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Wall Street Zen downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd.

Insider Activity at IDACORP

In other news, VP Julia A. Hilton sold 1,000 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $142.79, for a total value of $142,790.00. Following the completion of the transaction, the vice president owned 2,313 shares in the company, valued at $330,273.27. The trade was a 30.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IDA. Rockefeller Capital Management L.P. raised its position in IDACORP by 11.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,770 shares of the energy company’s stock worth $730,000 after buying an additional 573 shares during the last quarter. Corient Private Wealth LLC lifted its stake in IDACORP by 55.0% during the 4th quarter. Corient Private Wealth LLC now owns 8,538 shares of the energy company’s stock valued at $1,081,000 after acquiring an additional 3,030 shares during the period. Union Savings Bank purchased a new stake in shares of IDACORP during the 4th quarter valued at about $95,000. SHP Wealth Management purchased a new stake in shares of IDACORP during the 4th quarter valued at about $38,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of IDACORP by 134.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 513 shares of the energy company’s stock worth $65,000 after acquiring an additional 294 shares during the period. 89.10% of the stock is owned by institutional investors.

IDACORP Trading Down 1.7%

IDACORP stock opened at $139.92 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93. The business’s fifty day simple moving average is $137.65 and its two-hundred day simple moving average is $132.04. IDACORP has a 12 month low of $108.15 and a 12 month high of $145.94. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 2.77 and a beta of 0.58.

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

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, February 5th. IDACORP’s dividend payout ratio (DPR) is currently 59.66%.

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.