IDACORP, Inc. $IDA Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lessened its position in shares of IDACORP, Inc. (NYSE:IDA) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 417,531 shares of the energy company’s stock after selling 5,871 shares during the period. IDACORP makes up 1.5% of Anchor Capital Advisors LLC’s portfolio, making the stock its 17th biggest position. Anchor Capital Advisors LLC owned about 0.77% of IDACORP worth $52,843,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IDA. Orion Porfolio Solutions LLC raised its holdings in shares of IDACORP by 3,215.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock valued at $69,784,000 after buying an additional 586,221 shares during the period. Zimmer Partners LP purchased a new position in IDACORP in the third quarter valued at about $71,031,000. Invesco Ltd. grew its stake in IDACORP by 139.4% during the 3rd quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock valued at $78,208,000 after purchasing an additional 344,622 shares in the last quarter. Life Cycle Investment Partners Ltd purchased a new stake in IDACORP during the 4th quarter worth approximately $38,817,000. Finally, BROOKFIELD Corp ON acquired a new position in shares of IDACORP in the 2nd quarter valued at approximately $33,920,000. 89.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IDA. UBS Group upped their target price on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Wall Street Zen upgraded IDACORP from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 12th. Barclays raised 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. Morgan Stanley set a $147.00 target price on IDACORP in a research note on Thursday, May 21st. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $121.00 target price on shares of IDACORP in a report on Tuesday, April 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.57.

IDACORP Stock Up 1.0%

Shares of IDA stock opened at $136.37 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 1.21. The business’s fifty day moving average is $143.32 and its 200-day moving average is $136.75. IDACORP, Inc. has a 1 year low of $111.12 and a 1 year high of $149.73. The stock has a market cap of $7.56 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 2.69 and a beta of 0.49.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $403.41 million during the quarter, compared to analysts’ expectations of $437.51 million. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. During the same period last year, the firm posted $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Equities analysts expect that IDACORP, Inc. will post 6.39 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The business also recently disclosed 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. This represents a $3.52 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, May 5th. IDACORP’s payout ratio is presently 58.57%.

Insider Activity at IDACORP

In related news, VP James Bo D. Hanchey sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $140.95, for a total value of $211,425.00. Following the completion of the transaction, the vice president owned 2,138 shares of the company’s stock, valued at approximately $301,351.10. This trade represents a 41.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.33% of the company’s stock.

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.