15,700 Shares in IDACORP, Inc. $IDA Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in shares of IDACORP, Inc. (NYSE:IDA) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,700 shares of the energy company’s stock, valued at approximately $2,245,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of IDACORP during the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after purchasing an additional 189 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in IDACORP during the third quarter worth approximately $34,000. Los Angeles Capital Management LLC bought a new stake in IDACORP during the fourth quarter worth approximately $35,000. Finally, SHP Wealth Management acquired a new position in IDACORP during the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of IDACORP from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 12th. Wells Fargo & Company reiterated an “underweight” rating and issued a $121.00 target price on shares of IDACORP in a report on Tuesday, April 21st. Barclays boosted their target price 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 restated an “overweight” rating and set a $152.00 price target on shares of IDACORP in a report on Wednesday, June 24th. Finally, Weiss Ratings raised IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, IDACORP has a consensus rating of “Moderate Buy” and a consensus price target of $149.29.

IDACORP Stock Performance

Shares of NYSE IDA opened at $151.81 on Tuesday. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 3.05 and a beta of 0.49. IDACORP, Inc. has a one year low of $113.82 and a one year high of $153.28. The business has a fifty day simple moving average of $143.21 and a 200 day simple moving average of $138.80. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01.

IDACORP (NYSE:IDA) last announced its quarterly earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the firm posted $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Sell-side analysts expect that IDACORP, Inc. will post 6.39 EPS for the current year.

IDACORP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 5th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, May 5th. IDACORP’s dividend payout ratio is 58.57%.

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.