IDACORP, Inc. $IDA Shares Bought by Strs Ohio

Strs Ohio raised its stake in IDACORP, Inc. (NYSE:IDA) by 6.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 139,882 shares of the energy company’s stock after purchasing an additional 7,998 shares during the period. Strs Ohio owned 0.25% of IDACORP worth $19,999,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. IFM Investors Pty Ltd acquired a new position in IDACORP in the first quarter worth about $551,000. Louisiana State Employees Retirement System acquired a new stake in IDACORP during the first quarter valued at approximately $2,245,000. Kestra Private Wealth Services LLC bought a new position in IDACORP during the 1st quarter worth approximately $242,000. Mountain Pacific Investment Advisers LLC acquired a new position in shares of IDACORP in the 1st quarter worth approximately $210,000. Finally, SG Americas Securities LLC grew its position in shares of IDACORP by 6.1% in the 1st quarter. SG Americas Securities LLC now owns 46,193 shares of the energy company’s stock worth $6,604,000 after acquiring an additional 2,675 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

Insider Activity at IDACORP

In related news, VP James Bo D. Hanchey sold 1,500 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $140.95, for a total value of $211,425.00. Following the sale, the vice president owned 2,138 shares of the company’s stock, valued at $301,351.10. This trade represents a 41.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

IDACORP Trading Up 0.1%

Shares of NYSE IDA opened at $154.63 on Friday. IDACORP, Inc. has a 12-month low of $113.99 and a 12-month high of $154.90. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 3.08 and a beta of 0.48. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. The stock’s 50 day simple moving average is $143.79 and its 200 day simple moving average is $139.46.

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

IDACORP Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Mizuho set a $157.00 price target on IDACORP in a research report on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $152.00 price objective on shares of IDACORP in a report on Wednesday, June 24th. Weiss Ratings upgraded shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Barclays increased their target price on shares of IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $121.00 price target on shares of IDACORP in a report on Tuesday, April 21st. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.29.

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.