IDACORP (NYSE:IDA) Updates FY 2026 Earnings Guidance

IDACORP (NYSE:IDA) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 6.300-6.450 for the period, compared to the consensus earnings per share estimate of 6.390. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

IDA has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Mizuho set a $157.00 price objective on IDACORP in a research note on Friday, May 1st. Wall Street Zen raised IDACORP from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 25th. Barclays lifted their target price on IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Finally, Wells Fargo & Company upgraded shares of IDACORP from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $121.00 to $154.00 in a report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, IDACORP currently has an average rating of “Moderate Buy” and a consensus target price of $155.14.

IDACORP Trading Down 2.9%

Shares of IDA stock opened at $144.39 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 1.21. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 2.96 and a beta of 0.48. IDACORP has a 52-week low of $122.18 and a 52-week high of $154.91. The company has a 50-day simple moving average of $145.60 and a two-hundred day simple moving average of $142.34.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, April 30th. The energy company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $403.41 million for the quarter, compared to analysts’ expectations of $437.51 million. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.During the same quarter in the previous year, the firm earned $1.10 earnings per share. Research analysts anticipate that IDACORP will post 6.39 EPS for the current fiscal year.

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 5th will be paid a $0.88 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $3.52 annualized dividend and a yield of 2.4%. IDACORP’s dividend payout ratio is presently 58.57%.

Insiders Place Their Bets

In other news, VP James Bo D. Hanchey sold 1,500 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $140.95, for a total transaction 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 represents a 41.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On IDACORP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in shares of IDACORP by 7.3% in the fourth quarter. Invesco Ltd. now owns 635,202 shares of the energy company’s stock valued at $80,391,000 after purchasing an additional 43,390 shares during the period. Corient Private Wealth LLC boosted its holdings in IDACORP by 53.5% in the 4th quarter. Corient Private Wealth LLC now owns 8,455 shares of the energy company’s stock worth $1,070,000 after buying an additional 2,947 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in IDACORP by 25.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,828 shares of the energy company’s stock valued at $611,000 after buying an additional 990 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in IDACORP by 7.9% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,589 shares of the energy company’s stock valued at $328,000 after buying an additional 189 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its stake in IDACORP by 18.3% in the 4th quarter. State of Tennessee Department of Treasury now owns 21,505 shares of the energy company’s stock valued at $2,856,000 after buying an additional 3,329 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.

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.