IDACORP, Inc. (NYSE:IDA) Given Average Recommendation of “Moderate Buy” by Brokerages

IDACORP, Inc. (NYSE:IDA) has received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $143.00.

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered shares of IDACORP from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $129.00 to $118.00 in a report on Tuesday, January 20th. Wall Street Zen downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Barclays increased their target price on IDACORP from $144.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. Morgan Stanley set a $155.00 price target on IDACORP in a research note on Friday, February 20th. Finally, Jefferies Financial Group decreased their price target on IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, January 28th.

IDACORP Stock Performance

Shares of IDACORP stock opened at $142.50 on Monday. The business has a 50-day simple moving average of $136.79 and a 200-day simple moving average of $131.74. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93. IDACORP has a one year low of $108.15 and a one year high of $145.94. The company has a market cap of $7.82 billion, a PE ratio of 24.15, a P/E/G ratio of 2.77 and a beta of 0.58.

IDACORP (NYSE:IDA) last issued 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. IDACORP had a net margin of 17.84% and a return on equity of 9.36%. The firm had revenue of $405.24 million for the quarter, compared to analysts’ expectations of $533.06 million. During the same quarter last year, the company earned $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, equities research analysts forecast that IDACORP will post 5.81 EPS for the current fiscal year.

IDACORP Dividend Announcement

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

Insider Transactions at IDACORP

In related news, VP Julia A. Hilton sold 1,000 shares of the company’s stock in a transaction that occurred 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 directly owned 2,313 shares of the company’s stock, valued at $330,273.27. This represents a 30.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is owned by company insiders.

Institutional Trading of IDACORP

Several institutional investors have recently modified their holdings of the stock. Torren Management LLC acquired a new position in shares of IDACORP in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its stake in IDACORP by 630.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after acquiring an additional 189 shares in the last quarter. Quent Capital LLC acquired a new stake in IDACORP during the 3rd quarter worth $30,000. Measured Wealth Private Client Group LLC purchased a new stake in IDACORP in the third quarter valued at $34,000. Finally, Los Angeles Capital Management LLC purchased a new stake in IDACORP in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

IDACORP News Roundup

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Zacks raised FY2027 and FY2028 EPS views (FY2027 to $6.96 from $6.95; FY2028 to $7.52), implying stronger medium‑term earnings growth that supports a higher valuation multiple. Zacks Revisions
• Positive Sentiment: Zacks boosted several later‑year quarter forecasts, including Q3 2026 to $2.56 (from $2.43), Q2 2027 to $2.14 (from $2.12), Q3 2027 to $2.55 (from $2.44) and Q4 2027 to $1.11 (from $1.03). These upward revisions support the stronger FY outlook and suggest improving fundamentals in mid‑2026–2027. Zacks Revisions
• Negative Sentiment: Zacks trimmed near‑term quarterly forecasts: Q1 2026 down to $1.15 (from $1.20), Q2 2026 down to $1.90 (from $1.93) and Q4 2026 down to $0.82 (from $0.87). These near‑term cuts could pressure short‑term results vs. prior expectations. Zacks Revisions
• Negative Sentiment: Zacks lowered Q1 2027 to $1.17 from $1.36, a notable sequential cut that may raise questions about the timing of earnings recovery into 2027. Zacks Revisions

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.