34,645 Shares in IDACORP, Inc. $IDA Bought by CoreCap Advisors LLC

CoreCap Advisors LLC purchased a new stake in IDACORP, Inc. (NYSE:IDA) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 34,645 shares of the energy company’s stock, valued at approximately $4,385,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SeaCrest Wealth Management LLC increased its holdings in IDACORP by 2.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 10,873 shares of the energy company’s stock valued at $1,375,000 after buying an additional 246 shares during the period. LVM Capital Management Ltd. MI increased its stake in IDACORP by 0.6% in the fourth quarter. LVM Capital Management Ltd. MI now owns 126,792 shares of the energy company’s stock valued at $16,047,000 after acquiring an additional 735 shares during the last quarter. SG Americas Securities LLC increased its stake in IDACORP by 15.0% in the fourth quarter. SG Americas Securities LLC now owns 43,518 shares of the energy company’s stock valued at $5,508,000 after acquiring an additional 5,672 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in IDACORP during the fourth quarter valued at approximately $603,000. Finally, Fulton Bank N.A. raised its position in IDACORP by 10.3% during the fourth quarter. Fulton Bank N.A. now owns 5,229 shares of the energy company’s stock valued at $662,000 after purchasing an additional 489 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.

IDACORP Stock Performance

NYSE:IDA opened at $140.35 on Friday. The stock’s 50-day moving average is $138.76 and its 200-day moving average is $132.65. IDACORP, Inc. has a 1-year low of $108.15 and a 1-year high of $145.94. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93. The stock has a market cap of $7.70 billion, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 2.72 and a beta of 0.58.

IDACORP (NYSE:IDA) last issued its quarterly earnings data on Thursday, February 19th. The energy company reported $0.78 earnings per share (EPS) 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 analyst estimates of $533.06 million. During the same quarter last year, the business earned $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Equities research analysts anticipate that IDACORP, Inc. will post 5.81 earnings per share for the current year.

IDACORP Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IDA. Wells Fargo & Company lowered IDACORP from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $129.00 to $118.00 in a research note on Tuesday, January 20th. Barclays upped their price objective on IDACORP from $144.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 24th. Wall Street Zen lowered IDACORP from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research report on Thursday, January 22nd. Finally, UBS Group boosted their target price on IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Insider Activity at IDACORP

In related news, VP Julia A. Hilton sold 1,000 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total value of $142,790.00. Following the sale, the vice president owned 2,313 shares of the company’s stock, valued at $330,273.27. The trade was a 30.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.

IDACORP Company 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.