Analysts Set IDACORP, Inc. (NYSE:IDA) Target Price at $153.86

IDACORP, Inc. (NYSE:IDA) has been given an average rating of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $153.8571.

A number of research analysts have issued reports on IDA shares. Wall Street Zen raised IDACORP from a “sell” rating to a “hold” rating in a report on Sunday, September 6th. Wells Fargo & Company increased their target price on shares of IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. BTIG Research reissued a “buy” rating and set a $160.00 price target on shares of IDACORP in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of IDACORP in a research report on Monday, August 3rd. Finally, Morgan Stanley reduced their price target on shares of IDACORP from $156.00 to $151.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IDA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in IDACORP by 79.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock valued at $690,000 after acquiring an additional 2,625 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of IDACORP by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock worth $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 grew its stake in shares of 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. American Century Companies Inc. grew its stake in shares of IDACORP by 12.6% during the second quarter. American Century Companies Inc. now owns 18,035 shares of the energy company’s stock valued at $2,082,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of IDACORP by 5.7% in the second quarter. Invesco Ltd. now owns 247,190 shares of the energy company’s stock valued at $28,538,000 after purchasing an additional 13,297 shares in the last quarter. 89.10% of the stock is owned by institutional investors.

IDACORP Stock Up 0.3%

NYSE IDA opened at $135.82 on Monday. IDACORP has a 1-year low of $124.12 and a 1-year high of $154.91. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.34 and a beta of 0.47. The stock’s 50 day moving average is $142.80 and its two-hundred day moving average is $143.21. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.01. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.The business had revenue of $469.80 million during the quarter, compared to analysts’ expectations of $511.87 million. During the same period in the prior year, the firm posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Equities analysts forecast that IDACORP will post 6.38 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 5th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Wednesday, August 5th. IDACORP’s dividend payout ratio is presently 58.28%.

IDACORP Company Profile

IDACORP, Inc is a holding company headquartered in Boise, Idaho. Through its principal subsidiary, Idaho Power Company, it operates as a regulated electric utility serving customers across southern Idaho and eastern Oregon.

Idaho Power’s activities include the generation, transmission, distribution and sale of electricity to residential, commercial, industrial and agricultural customers. The company operates a diverse generation portfolio that includes hydroelectric, natural gas, coal and renewable energy resources, supported by transmission and distribution infrastructure.

Idaho Power was established in 1916 and has played a longstanding role in developing and supplying electricity throughout its service territory.