IDACORP, Inc. (NYSE:IDA) to Issue Quarterly Dividend of $0.88

IDACORP, Inc. (NYSE:IDA) declared a quarterly dividend on Thursday, April 16th. Investors of record on Tuesday, May 5th will be paid a dividend of 0.88 per share by the energy company on Monday, June 1st. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, May 5th.

IDACORP has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 13 years. IDACORP has a payout ratio of 55.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect IDACORP to earn $6.47 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 54.4%.

IDACORP Trading Up 1.2%

Shares of IDACORP stock opened at $148.24 on Friday. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.92 and a beta of 0.54. IDACORP has a fifty-two week low of $108.15 and a fifty-two week high of $149.73. 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 stock has a 50 day moving average of $142.13 and a 200 day moving average of $134.51.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, February 19th. The energy company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $405.24 million during the quarter, compared to analysts’ expectations of $533.06 million. IDACORP had a net margin of 17.84% and a return on equity of 9.36%. During the same quarter last year, the company posted $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, research analysts predict that IDACORP will post 5.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on IDA shares. Morgan Stanley set a $155.00 price objective on shares of IDACORP in a research report on Friday, February 20th. Mizuho increased their price objective on shares of IDACORP from $141.00 to $148.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. BTIG Research reaffirmed a “buy” rating and set a $156.00 price objective on shares of IDACORP in a research report on Friday, January 30th. Wells Fargo & Company cut shares of IDACORP from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $129.00 to $118.00 in a research report on Tuesday, January 20th. Finally, UBS Group raised their price target on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $144.25.

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.