IDACORP, Inc. (NYSE:IDA) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of IDACORP, Inc. (NYSE:IDA) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $150.00.

A number of research firms have commented on IDA. Barclays decreased their price target on IDACORP from $162.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. Wall Street Zen lowered IDACORP from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research report on Monday, August 3rd. BTIG Research set a $153.00 target price on IDACORP in a research report on Tuesday, October 20th. Finally, Wells Fargo & Company lifted their target price on IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st.

Key IDACORP News

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Third-quarter results exceeded expectations: IDACORP reported adjusted earnings of $2.73 per diluted share, up from $2.26 a year earlier and above the $2.51 analyst consensus. Revenue reached $608.0 million, also topping estimates of roughly $603.0 million. Net income rose to $160.2 million from $124.4 million. IDACORP Q3 earnings report
• Positive Sentiment: Full-year outlook was raised: Management increased 2026 EPS guidance to $6.40-$6.50 from $6.30-$6.45, modestly above the prior consensus estimate of $6.39. The upgrade reflects customer growth, higher Idaho Power base rates and stronger revenue from large contract customers. IDACORP revises 2026 earnings guidance
• Positive Sentiment: Long-term electricity demand expectations are favorable: IDACORP forecasts an 8.9% compound annual growth rate in retail sales load through 2032, supporting expectations for sustained customer and rate-base growth at Idaho Power. IDACORP long-term load growth outlook
• Neutral Sentiment: Regulatory and tax-credit items remain watch points: Idaho Power expects to use less than $10 million of additional tax credits under its Idaho regulatory mechanism in 2026. The earnings call focused on how rates, customer expansion and capital investment will affect future results. IDACORP Q3 earnings call transcript
• Negative Sentiment: Insider selling provides a minor counterpoint: Two executives sold 1,500 shares each during the past six months, with no reported insider purchases. These transactions are not necessarily related to the earnings outlook but could modestly temper sentiment. IDACORP insider trading and earnings report

IDACORP Stock Up 1.4%

Shares of IDA stock opened at $145.59 on Tuesday. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 2.51 and a beta of 0.48. IDACORP has a one year low of $124.12 and a one year high of $154.91. The company’s fifty day moving average price is $135.46 and its 200-day moving average price is $140.69. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.75.

IDACORP (NYSE:IDA) last released its earnings results on Thursday, October 29th. The energy company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.22. The company had revenue of $608.04 million for the quarter, compared to analysts’ expectations of $603.00 million. IDACORP had a net margin of 19.84% and a return on equity of 10.20%. During the same quarter in the previous year, the company earned $2.26 EPS. Sell-side analysts expect that IDACORP will post 6.41 EPS for the current fiscal year.

IDACORP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 5th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.5%. The ex-dividend date is Thursday, November 5th. This is a positive change from IDACORP’s previous quarterly dividend of $0.88. IDACORP’s dividend payout ratio is currently 54.07%.

Institutional Investors Weigh In On IDACORP

Several institutional investors and hedge funds have recently modified their holdings of the stock. Entropy Technologies LP grew its holdings in IDACORP by 282.7% during the 1st quarter. Entropy Technologies LP now owns 24,273 shares of the energy company’s stock valued at $3,470,000 after buying an additional 17,931 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in IDACORP in the 2nd quarter worth approximately $2,690,000. PDT Partners LLC purchased a new stake in shares of IDACORP during the 2nd quarter worth approximately $4,454,000. Mendon Capital Advisors Corp purchased a new stake in shares of IDACORP during the 1st quarter worth approximately $11,096,000. Finally, Tidal Investments LLC raised its holdings in shares of IDACORP by 52.8% during the 2nd quarter. Tidal Investments LLC now owns 218,614 shares of the energy company’s stock worth $33,076,000 after acquiring an additional 75,509 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.

About IDACORP

IDACORP, Inc is a holding company whose principal subsidiary, Idaho Power Company, is a regulated electric utility. Idaho Power generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.

Idaho Power serves customers across southern Idaho and eastern Oregon. Its power supply includes a substantial hydroelectric system, along with energy from thermal, wind, solar and other resources. The company also operates and maintains the transmission and distribution infrastructure needed to deliver electricity throughout its service area.

Idaho Power traces its history to 1916, when it was established to provide electric service in Idaho.