Beto Financial Group LLC Invests $685,000 in IDACORP, Inc. $IDA

Beto Financial Group LLC bought a new position in shares of IDACORP, Inc. (NYSE:IDA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,220 shares of the energy company’s stock, valued at approximately $685,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Torren Management LLC acquired a new position in IDACORP during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its position in IDACORP by 630.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after acquiring an additional 189 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in IDACORP during the third quarter worth about $34,000. Harbour Investments Inc. boosted its position in IDACORP by 48.0% during the fourth quarter. Harbour Investments Inc. now owns 302 shares of the energy company’s stock worth $38,000 after acquiring an additional 98 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in IDACORP by 62.0% during the second quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock worth $36,000 after acquiring an additional 119 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at IDACORP

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $140.95, for a total transaction of $211,425.00. Following the sale, the vice president directly owned 2,138 shares in the company, valued at $301,351.10. This represents a 41.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by company insiders.

IDACORP Stock Performance

Shares of IDA stock opened at $135.10 on Tuesday. The firm’s 50 day moving average price is $143.32 and its 200-day moving average price is $136.75. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 1.21. IDACORP, Inc. has a one year low of $111.12 and a one year high of $149.73. The firm has a market cap of $7.49 billion, a P/E ratio of 22.48, a P/E/G ratio of 2.80 and a beta of 0.49.

IDACORP (NYSE:IDA) last issued its quarterly earnings data on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. The firm had revenue of $403.41 million for the quarter, compared to analyst estimates of $437.51 million. During the same period in the prior year, the business posted $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, equities research analysts predict that IDACORP, Inc. will post 6.39 EPS for the current year.

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 5th were issued a dividend of $0.88 per share. The ex-dividend date was Tuesday, May 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. IDACORP’s dividend payout ratio is 58.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IDA. Weiss Ratings upgraded shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. UBS Group boosted their price target on shares of IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Barclays boosted their price target on shares of IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Mizuho set a $157.00 price target on shares of IDACORP in a research report on Friday, May 1st. Finally, Morgan Stanley set a $147.00 price target on shares of IDACORP in a research report on Thursday, May 21st. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, IDACORP currently has a consensus rating of “Moderate Buy” and an average price target of $148.57.

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.