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

IDACORP (NYSE:IDA) had its price objective raised by Barclays from $149.00 to $159.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the energy company’s stock.

Several other equities analysts also recently weighed in on the company. Mizuho boosted their target price on IDACORP from $141.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. BTIG Research reissued a “buy” rating and set a $156.00 target price on shares of IDACORP in a research report on Friday, January 30th. Wall Street Zen downgraded IDACORP from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. Wells Fargo & Company downgraded IDACORP from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $129.00 to $118.00 in a research report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a research report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, IDACORP currently has an average rating of “Moderate Buy” and an average price target of $144.25.

IDACORP Stock Performance

NYSE IDA opened at $146.35 on Wednesday. The company has a market cap of $8.03 billion, a P/E ratio of 24.81, a P/E/G ratio of 2.81 and a beta of 0.54. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93. The business’s 50 day moving average price is $140.51 and its 200-day moving average price is $133.77. IDACORP has a fifty-two week low of $108.15 and a fifty-two week high of $146.51.

IDACORP (NYSE:IDA) last released its 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 for 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 quarter in the previous year, the company posted $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Sell-side analysts predict that IDACORP will post 5.81 earnings per share for the current year.

IDACORP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, February 5th. IDACORP’s dividend payout ratio is 59.66%.

Insider Buying and Selling

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of the company’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 transaction, the vice president owned 2,313 shares of the company’s stock, valued at $330,273.27. This represents a 30.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On IDACORP

Several hedge funds have recently bought and sold shares of IDA. Orion Porfolio Solutions LLC grew its position in IDACORP by 3,215.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock valued at $69,784,000 after acquiring an additional 586,221 shares during the last quarter. Zimmer Partners LP bought a new position in IDACORP in the 3rd quarter valued at $71,031,000. Soros Fund Management LLC bought a new position in IDACORP in the 2nd quarter valued at $46,919,000. Capital Research Global Investors bought a new position in IDACORP in the 4th quarter valued at $44,511,000. Finally, Invesco Ltd. grew its position in shares of IDACORP by 139.4% during the 3rd quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock worth $78,208,000 after buying an additional 344,622 shares in the last quarter. 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.