IDACORP (NYSE:IDA) Given New $155.00 Price Target at Wells Fargo & Company

IDACORP (NYSE:IDA) had its price target raised by Wells Fargo & Company from $154.00 to $155.00 in a research note released on Friday,Benzinga reports. They currently have an equal weight rating on the energy company’s stock.

IDA has been the topic of a number of other research reports. Weiss Ratings raised shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. BTIG Research restated a “buy” rating and issued a $160.00 target price on shares of IDACORP in a report on Thursday, July 23rd. Mizuho set a $157.00 target price on shares of IDACORP in a research report on Friday, May 1st. Morgan Stanley reiterated an “overweight” rating and set a $156.00 price target on shares of IDACORP in a research note on Wednesday, July 22nd. Finally, Barclays boosted their price target on shares of IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.29.

IDACORP Trading Up 1.1%

IDA opened at $143.40 on Friday. IDACORP has a one year low of $122.30 and a one year high of $154.91. The company has a market cap of $7.95 billion, a P/E ratio of 23.74, a PEG ratio of 2.44 and a beta of 0.48. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 1.21. The business’s 50-day simple moving average is $145.64 and its 200-day simple moving average is $142.45.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.01. The business had revenue of $469.80 million for the quarter, compared to analyst estimates of $511.87 million. IDACORP had a return on equity of 9.48% and a net margin of 18.78%.During the same quarter last year, the company earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, equities research analysts expect that IDACORP will post 6.39 EPS for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 5th will be given a $0.88 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $3.52 annualized dividend and a yield of 2.5%. IDACORP’s dividend payout ratio is 58.28%.

Insider Buying and Selling

In related news, VP James Bo D. Hanchey sold 1,500 shares of the stock in a transaction 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 sale, the vice president owned 2,138 shares in the company, valued at $301,351.10. This represents a 41.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IDA. AssuredPartners Investment Advisors LLC raised its holdings in shares of IDACORP by 5.1% in the fourth quarter. AssuredPartners Investment Advisors LLC now owns 1,653 shares of the energy company’s stock valued at $209,000 after buying an additional 80 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of IDACORP by 48.0% during the fourth quarter. Harbour Investments Inc. now owns 302 shares of the energy company’s stock worth $38,000 after buying an additional 98 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of IDACORP by 1.6% during the first quarter. Sanctuary Advisors LLC now owns 6,482 shares of the energy company’s stock worth $927,000 after buying an additional 103 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of IDACORP by 1.9% during the third quarter. Quadrant Capital Group LLC now owns 5,738 shares of the energy company’s stock worth $758,000 after buying an additional 106 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in IDACORP by 0.9% in the 4th quarter. Advisors Asset Management Inc. now owns 11,668 shares of the energy company’s stock valued at $1,477,000 after acquiring an additional 106 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about IDACORP

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: IDACORP reported second-quarter net income of $102.6 million, or $1.79 per diluted share, up from $95.8 million, or $1.76 per share, a year earlier. EPS exceeded consensus estimates, supported by customer growth, rate changes and revenue from large contract customers. IDACORP Second-Quarter 2026 Results
• Positive Sentiment: The company raised the lower end of its 2026 EPS guidance to $6.30-$6.45 from $6.25-$6.45. Management cited ongoing customer growth, rate changes and the addition of 250 megawatts of battery capacity, while assuming normal weather and limited additional tax credits. IDACORP Raises 2026 Guidance
• Positive Sentiment: Wells Fargo raised its price target to $155 from $154, indicating potential upside from recent trading levels, though it maintained an “equal weight” rating. Wells Fargo IDACORP Price Target Update
• Neutral Sentiment: Revenue increased year over year but came in at $469.8 million, below the approximately $511.9 million analyst forecast. This creates a counterpoint to the EPS beat, particularly for investors focused on utility revenue growth. IDACORP Q2 Earnings and Revenue Results
• Negative Sentiment: Recent insider activity shows several company executives selling shares and no reported insider purchases over the past six months. While these transactions may be routine, they could modestly weigh on sentiment.

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.