Aquatic Capital Management LLC Has $4.68 Million Stock Position in IDACORP, Inc. $IDA

Aquatic Capital Management LLC lessened its stake in shares of IDACORP, Inc. (NYSE:IDA) by 41.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 35,402 shares of the energy company’s stock after selling 24,699 shares during the period. Aquatic Capital Management LLC’s holdings in IDACORP were worth $4,678,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IDA. Quent Capital LLC acquired a new stake in shares of IDACORP during the 3rd quarter valued at $30,000. Smartleaf Asset Management LLC increased its holdings in IDACORP by 62.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock worth $36,000 after purchasing an additional 119 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in IDACORP by 160.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 458 shares of the energy company’s stock worth $61,000 after purchasing an additional 282 shares in the last quarter. Headlands Technologies LLC raised its position in IDACORP by 892.1% in the second quarter. Headlands Technologies LLC now owns 754 shares of the energy company’s stock valued at $87,000 after purchasing an additional 678 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of IDACORP during the third quarter valued at about $109,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

IDACORP Price Performance

IDACORP stock opened at $142.67 on Tuesday. The stock’s 50 day moving average is $137.12 and its 200 day moving average is $131.86. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.93 and a quick ratio of 0.68. The firm has a market cap of $7.83 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.77 and a beta of 0.58. IDACORP, Inc. has a one year low of $108.15 and a one year high of $145.94.

IDACORP (NYSE:IDA) last released its earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. IDACORP had a net margin of 17.84% and a return on equity of 9.36%. The business had revenue of $405.24 million during the quarter, compared to the consensus estimate of $533.06 million. During the same quarter in the prior year, the firm posted $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, research analysts expect that IDACORP, Inc. will post 5.81 EPS for the current year.

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 5th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, February 5th. IDACORP’s dividend payout ratio is currently 59.66%.

Insider Buying and Selling at IDACORP

In related news, VP Julia A. Hilton sold 1,000 shares of IDACORP stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total transaction of $142,790.00. Following the completion of the transaction, the vice president owned 2,313 shares of the company’s stock, valued at $330,273.27. This trade represents a 30.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

IDA has been the topic of several research reports. Barclays boosted their price target on IDACORP from $144.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, February 24th. Mizuho lifted their target price on shares of IDACORP from $141.00 to $148.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. UBS Group boosted their target price on shares of IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Morgan Stanley set a $155.00 price target on shares of IDACORP in a research report on Friday, February 20th. Finally, Wall Street Zen downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

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.