IDACORP, Inc. $IDA Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in shares of IDACORP, Inc. (NYSE:IDA) by 122.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,367 shares of the energy company’s stock after purchasing an additional 16,699 shares during the quarter. HighTower Advisors LLC owned about 0.06% of IDACORP worth $4,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IDA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in IDACORP by 79.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock worth $690,000 after buying an additional 2,625 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of IDACORP by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock worth $39,805,000 after acquiring an additional 21,890 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of IDACORP by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company’s stock worth $16,698,000 after acquiring an additional 10,855 shares during the period. AlphaQuest LLC raised its holdings in IDACORP by 46.3% during the second quarter. AlphaQuest LLC now owns 3,272 shares of the energy company’s stock worth $378,000 after purchasing an additional 1,035 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in IDACORP by 0.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 17,854 shares of the energy company’s stock valued at $2,061,000 after purchasing an additional 144 shares during the period. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

IDACORP Stock Performance

NYSE IDA opened at $143.30 on Wednesday. The business has a 50 day moving average price of $132.76 and a 200 day moving average price of $130.25. The company has a market capitalization of $7.87 billion, a P/E ratio of 24.29, a PEG ratio of 2.78 and a beta of 0.59. IDACORP, Inc. has a 1-year low of $108.15 and a 1-year high of $145.94. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.93 and a quick ratio of 0.68.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, February 19th. The energy company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. IDACORP had a return on equity of 9.36% and a net margin of 17.84%.The company had revenue of $405.24 million for the quarter, compared to the consensus estimate of $533.06 million. During the same period in the previous year, the business earned $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Sell-side analysts expect that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 5th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, February 5th. IDACORP’s dividend payout ratio is presently 59.66%.

Insiders Place Their Bets

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of IDACORP stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $142.79, for a total transaction of $142,790.00. Following the completion of the transaction, the vice president owned 2,313 shares in the company, valued at approximately $330,273.27. The trade was a 30.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on IDA. Wall Street Zen cut IDACORP from a “hold” rating to a “sell” rating in a research report on Sunday. UBS Group raised their price target on IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a report on Friday. BTIG Research reaffirmed a “buy” rating and set a $156.00 price objective on shares of IDACORP in a report on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research report on Thursday, January 22nd. Finally, Mizuho boosted their target price on shares of IDACORP from $141.00 to $148.00 and gave the stock an “outperform” rating in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, IDACORP currently has an average rating of “Moderate Buy” and an average price target of $141.22.

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.