Boston Trust Walden Corp Sells 15,369 Shares of IDACORP, Inc. $IDA

Boston Trust Walden Corp trimmed its holdings in shares of IDACORP, Inc. (NYSE:IDA) by 2.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 551,363 shares of the energy company’s stock after selling 15,369 shares during the period. Boston Trust Walden Corp’s holdings in IDACORP were worth $72,863,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. American Century Companies Inc. increased its position in IDACORP by 2.3% in the 1st quarter. American Century Companies Inc. now owns 16,019 shares of the energy company’s stock valued at $1,862,000 after acquiring an additional 358 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in IDACORP in the 1st quarter worth approximately $479,000. Trexquant Investment LP lifted its holdings in IDACORP by 20.4% during the 1st quarter. Trexquant Investment LP now owns 20,184 shares of the energy company’s stock worth $2,346,000 after buying an additional 3,417 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in IDACORP by 11.6% during the 1st quarter. Evergreen Capital Management LLC now owns 2,422 shares of the energy company’s stock worth $281,000 after buying an additional 251 shares in the last quarter. Finally, Quarry LP increased its stake in shares of IDACORP by 399.0% in the 1st quarter. Quarry LP now owns 5,070 shares of the energy company’s stock valued at $589,000 after buying an additional 4,054 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

IDACORP Stock Down 0.6%

Shares of IDA stock opened at $126.90 on Monday. The firm’s fifty day moving average price is $129.19 and its two-hundred day moving average price is $125.74. IDACORP, Inc. has a 1 year low of $104.74 and a 1 year high of $138.03. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $6.86 billion, a P/E ratio of 21.80, a PEG ratio of 2.71 and a beta of 0.61.

IDACORP (NYSE:IDA) last released its quarterly earnings data on Thursday, October 30th. The energy company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.03. IDACORP had a net margin of 17.59% and a return on equity of 9.35%. The company had revenue of $524.42 million for the quarter, compared to analyst estimates of $663.09 million. During the same period in the previous year, the business earned $2.12 EPS. IDACORP has set its FY 2025 guidance at 5.800-5.900 EPS. On average, equities analysts predict that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 5th were given a dividend of $0.88 per share. This is a positive change from IDACORP’s previous quarterly dividend of $0.86. This represents a $3.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, November 5th. IDACORP’s payout ratio is 60.48%.

Wall Street Analysts Forecast Growth

IDA has been the subject of a number of recent research reports. UBS Group dropped their price target on shares of IDACORP from $135.00 to $129.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Morgan Stanley set a $139.00 price objective on shares of IDACORP and gave the company an “overweight” rating in a report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a report on Wednesday, October 8th. BTIG Research raised shares of IDACORP to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $152.00 target price on shares of IDACORP in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.88.

IDACORP 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.