IDACORP (NYSE:IDA) Stock Rating Lowered by Wall Street Zen

IDACORP (NYSE:IDA) was downgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

A number of other equities research analysts also recently weighed in on the stock. Morgan Stanley set a $155.00 price target on shares of IDACORP in a research note on Friday, February 20th. Jefferies Financial Group decreased their price target on shares of IDACORP from $152.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research note on Thursday, January 22nd. Wells Fargo & Company downgraded shares of IDACORP from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $129.00 to $118.00 in a research note on Tuesday, January 20th. Finally, Barclays lifted their price target on shares of IDACORP from $149.00 to $159.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, IDACORP currently has an average rating of “Moderate Buy” and a consensus price target of $144.25.

IDACORP Trading Up 0.1%

Shares of IDA stock opened at $148.08 on Friday. IDACORP has a 1 year low of $108.15 and a 1 year high of $149.73. The firm’s fifty day simple moving average is $142.39 and its 200 day simple moving average is $134.67. The firm has a market capitalization of $8.14 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93.

IDACORP (NYSE:IDA) last posted its quarterly earnings results 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. 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 the consensus estimate of $533.06 million. During the same quarter in the previous year, the company earned $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, sell-side analysts predict that IDACORP will post 5.81 EPS for the current year.

Insider Activity at IDACORP

In other news, VP Julia A. Hilton sold 1,000 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total value of $142,790.00. Following the sale, the vice president owned 2,313 shares in the company, valued at approximately $330,273.27. The trade was a 30.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On IDACORP

Institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. boosted its stake in shares of IDACORP by 31.8% in the 3rd quarter. Alps Advisors Inc. now owns 29,178 shares of the energy company’s stock valued at $3,856,000 after purchasing an additional 7,036 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of IDACORP in the 3rd quarter valued at $21,486,000. SG Americas Securities LLC boosted its stake in shares of IDACORP by 418.2% in the 3rd quarter. SG Americas Securities LLC now owns 37,846 shares of the energy company’s stock valued at $5,001,000 after purchasing an additional 30,543 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of IDACORP by 122.2% in the 3rd quarter. HighTower Advisors LLC now owns 30,367 shares of the energy company’s stock valued at $4,013,000 after purchasing an additional 16,699 shares in the last quarter. Finally, Phocas Financial Corp. acquired a new stake in shares of IDACORP in the 4th quarter valued at $7,171,000. Institutional investors and hedge funds 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.