Wall Street Zen upgraded shares of IDACORP (NYSE:IDA – Free Report) from a sell rating to a hold rating in a research note published on Sunday morning.
A number of other equities analysts have also weighed in on IDA. Wells Fargo & Company upped their target price on shares of IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Friday. BTIG Research reiterated a “buy” rating and issued a $160.00 price target on shares of IDACORP in a report on Thursday, July 23rd. Mizuho set a $157.00 price target on shares of IDACORP in a research note on Friday, May 1st. Weiss Ratings raised shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Finally, Barclays increased their price objective on shares of IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, IDACORP presently has an average rating of “Moderate Buy” and a consensus target price of $155.29.
Read Our Latest Analysis on IDA
IDACORP Stock Up 0.3%
IDACORP (NYSE:IDA – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.01. The business had revenue of $469.80 million during 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 last year, the firm posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Research analysts predict that IDACORP will post 6.39 EPS for the current fiscal year.
IDACORP Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 5th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. IDACORP’s dividend payout ratio (DPR) is presently 58.28%.
Insider Activity at IDACORP
In related news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $140.95, for a total value of $211,425.00. Following the completion of the transaction, the vice president owned 2,138 shares in the company, valued at approximately $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.
Institutional Investors Weigh In On IDACORP
Several institutional investors have recently modified their holdings of the stock. Tema ETFs LLC increased its position in shares of IDACORP by 66.5% during the 2nd quarter. Tema ETFs LLC now owns 196,574 shares of the energy company’s stock valued at $29,742,000 after purchasing an additional 78,540 shares during the last quarter. LVM Capital Management Ltd. MI lifted its position in IDACORP by 1.1% in the second quarter. LVM Capital Management Ltd. MI now owns 129,107 shares of the energy company’s stock worth $19,534,000 after buying an additional 1,396 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in IDACORP in the second quarter worth $204,000. Fulton Bank N.A. lifted its position in IDACORP by 10.1% in the second quarter. Fulton Bank N.A. now owns 5,683 shares of the energy company’s stock worth $860,000 after buying an additional 522 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in IDACORP by 28.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 13,390 shares of the energy company’s stock worth $2,026,000 after buying an additional 2,933 shares during the period. 89.10% of the stock is owned by institutional investors.
Key Stories Impacting IDACORP
Here are the key news stories impacting IDACORP this week:
- Positive Sentiment: IDACORP reported second-quarter net income of $102.6 million, or $1.79 per diluted share, up from $95.8 million, or $1.76 per share, a year earlier. EPS exceeded consensus estimates, supported by customer growth, rate changes and revenue from large contract customers. IDACORP Second-Quarter 2026 Results
- Positive Sentiment: The company raised the lower end of its 2026 EPS guidance to $6.30-$6.45 from $6.25-$6.45. Management cited ongoing customer growth, rate changes and the addition of 250 megawatts of battery capacity, while assuming normal weather and limited additional tax credits. IDACORP Raises 2026 Guidance
- Positive Sentiment: Wells Fargo raised its price target to $155 from $154, indicating potential upside from recent trading levels, though it maintained an “equal weight” rating. Wells Fargo IDACORP Price Target Update
- Neutral Sentiment: Revenue increased year over year but came in at $469.8 million, below the approximately $511.9 million analyst forecast. This creates a counterpoint to the EPS beat, particularly for investors focused on utility revenue growth. IDACORP Q2 Earnings and Revenue Results
- Negative Sentiment: Recent insider activity shows several company executives selling shares and no reported insider purchases over the past six months. While these transactions may be routine, they could modestly weigh on sentiment.
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.
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