IDACORP, Inc. (NYSE:IDA – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $140.39 and traded as low as $139.99. IDACORP shares last traded at $140.3430, with a volume of 392,339 shares trading hands.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. BTIG Research set a $153.00 price objective on shares of IDACORP in a research report on Tuesday, October 20th. Wells Fargo & Company raised their target price on IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Morgan Stanley raised their target price on IDACORP from $143.00 to $144.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Barclays decreased their price target on IDACORP from $162.00 to $149.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a report on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $150.00.
View Our Latest Stock Analysis on IDA
IDACORP Trading Down 0.7%
The business’s 50 day moving average price is $135.30 and its two-hundred day moving average price is $140.53. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 2.44 and a beta of 0.48.
IDACORP (NYSE:IDA – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.01. The company had revenue of $469.80 million for the quarter, compared to analyst estimates of $511.87 million. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. During the same period in the previous year, the firm posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, equities analysts predict that IDACORP, Inc. will post 6.39 earnings per share for the current fiscal year.
IDACORP Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 5th will be issued a dividend of $0.90 per share. This is a positive change from IDACORP’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $3.60 annualized dividend and a dividend yield of 2.6%. IDACORP’s dividend payout ratio (DPR) is 59.60%.
Hedge Funds Weigh In On IDACORP
Several large investors have recently bought and sold shares of the company. Parcion Private Wealth LLC lifted its position in shares of IDACORP by 45.8% in the 3rd quarter. Parcion Private Wealth LLC now owns 2,220 shares of the energy company’s stock worth $290,000 after purchasing an additional 697 shares during the period. D.A. Davidson & CO. boosted its stake in shares of IDACORP by 12.8% in the 3rd quarter. D.A. Davidson & CO. now owns 5,648 shares of the energy company’s stock valued at $738,000 after purchasing an additional 641 shares during the last quarter. North Dakota State Investment Board boosted its stake in shares of IDACORP by 7.3% in the 3rd quarter. North Dakota State Investment Board now owns 1,720 shares of the energy company’s stock valued at $225,000 after purchasing an additional 117 shares during the last quarter. Convergence Financial LLC bought a new stake in shares of IDACORP in the 3rd quarter valued at $371,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of IDACORP by 0.4% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 239,006 shares of the energy company’s stock worth $31,245,000 after buying an additional 898 shares during the period. 89.10% of the stock is currently owned by institutional investors.
IDACORP Company Profile
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.
See Also
- Five stocks we like better than IDACORP
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
Receive News & Ratings for IDACORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDACORP and related companies with MarketBeat.com's FREE daily email newsletter.
