Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 5,609 Shares of IDACORP, Inc. $IDA

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in IDACORP, Inc. (NYSE:IDA) by 5.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,646 shares of the energy company’s stock after selling 5,609 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.18% of IDACORP worth $13,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC raised its holdings in 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 acquiring an additional 586,221 shares during the period. Zimmer Partners LP purchased a new position in shares of IDACORP in the third quarter valued at $71,031,000. Capital Research Global Investors bought a new stake in shares of IDACORP during the 4th quarter valued at $44,511,000. Invesco Ltd. lifted its holdings in IDACORP by 139.4% during the 3rd quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock worth $78,208,000 after purchasing an additional 344,622 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd bought a new position in IDACORP in the 4th quarter worth about $38,817,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Insider Transactions at IDACORP

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $140.95, for a total transaction of $211,425.00. Following the transaction, the vice president owned 2,138 shares in the company, valued at approximately $301,351.10. This 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. 0.33% of the stock is currently owned by insiders.

IDACORP Trading Up 0.3%

IDA stock opened at $151.07 on Tuesday. The company has a market capitalization of $8.37 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.48. 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 $117.18 and a one year high of $154.91. The company’s 50 day moving average price is $144.25 and its two-hundred day moving average price is $140.55.

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

IDACORP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors 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 payout ratio is currently 58.57%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IDA. Wells Fargo & Company reiterated an “underweight” rating and set a $121.00 price target on shares of IDACORP in a research report on Tuesday, April 21st. Weiss Ratings raised shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of IDACORP from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 12th. Mizuho set a $157.00 price target on shares of IDACORP in a research report on Friday, May 1st. Finally, Barclays upped their price target on shares of IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Six 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.29.

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.