Universal Beteiligungs und Servicegesellschaft mbH Acquires 7,202 Shares of IDACORP, Inc. $IDA

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in IDACORP, Inc. (NYSE:IDA) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,101 shares of the energy company’s stock after acquiring an additional 7,202 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of IDACORP worth $9,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Next Level Wealth Planning LLC bought a new position in shares of IDACORP during the 3rd quarter valued at about $294,000. Wealth Enhancement Advisory Services LLC raised its holdings in IDACORP by 12.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,277 shares of the energy company’s stock worth $2,310,000 after buying an additional 1,875 shares during the period. Sequoia Financial Advisors LLC lifted its stake in IDACORP by 81.5% in the third quarter. Sequoia Financial Advisors LLC now owns 3,551 shares of the energy company’s stock valued at $469,000 after buying an additional 1,595 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in IDACORP by 47.8% in the third quarter. Evergreen Capital Management LLC now owns 3,755 shares of the energy company’s stock valued at $496,000 after buying an additional 1,214 shares in the last quarter. Finally, First National Advisers LLC boosted its holdings in shares of IDACORP by 12.9% in the third quarter. First National Advisers LLC now owns 9,315 shares of the energy company’s stock valued at $1,231,000 after buying an additional 1,067 shares during the period. 89.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on IDA shares. UBS Group dropped their price objective on shares of IDACORP from $135.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. BTIG Research upgraded IDACORP to a “strong-buy” rating in a report on Wednesday, October 22nd. Morgan Stanley reiterated an “overweight” rating and set a $146.00 price objective on shares of IDACORP in a report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of IDACORP in a research note on Thursday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $152.00 price target on shares of IDACORP in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.11.

IDACORP Stock Performance

IDA opened at $132.02 on Friday. The business’s 50-day simple moving average is $128.45 and its 200 day simple moving average is $127.79. IDACORP, Inc. has a 52-week low of $107.64 and a 52-week high of $138.03. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.82 and a current ratio of 1.09. The firm has a market capitalization of $7.13 billion, a PE ratio of 22.68, a PEG ratio of 2.57 and a beta of 0.61.

IDACORP (NYSE:IDA) last posted its quarterly earnings results 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. The firm had revenue of $524.42 million for the quarter, compared to analyst estimates of $663.09 million. IDACORP had a return on equity of 9.35% and a net margin of 17.59%.During the same quarter in the previous year, the firm earned $2.12 EPS. IDACORP has set its FY 2025 guidance at 5.800-5.900 EPS. As a group, sell-side analysts expect that IDACORP, Inc. will post 5.81 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 5th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 5th. IDACORP’s dividend payout ratio (DPR) is 60.48%.

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.