Mirabella Financial Services LLP Raises Stock Holdings in IDACORP, Inc. $IDA

Mirabella Financial Services LLP grew its position in shares of IDACORP, Inc. (NYSE:IDA) by 173.7% in the third quarter, Holdings Channel reports. The fund owned 19,187 shares of the energy company’s stock after buying an additional 12,178 shares during the quarter. Mirabella Financial Services LLP’s holdings in IDACORP were worth $2,531,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Quent Capital LLC bought a new stake in IDACORP in the third quarter worth $30,000. Smartleaf Asset Management LLC lifted its position in IDACORP by 62.0% during the second quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock valued at $36,000 after purchasing an additional 119 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of IDACORP by 160.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 458 shares of the energy company’s stock worth $61,000 after buying an additional 282 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of IDACORP by 892.1% in the 2nd quarter. Headlands Technologies LLC now owns 754 shares of the energy company’s stock worth $87,000 after buying an additional 678 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of IDACORP in the 3rd quarter worth $109,000. 89.10% of the stock is owned by hedge funds and other institutional investors.

IDACORP Trading Up 0.2%

NYSE:IDA opened at $142.67 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93. The firm has a market cap of $7.83 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.77 and a beta of 0.58. IDACORP, Inc. has a one year low of $108.15 and a one year high of $145.94. The firm has a 50-day simple moving average of $137.12 and a 200-day simple moving average of $131.86.

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

IDACORP Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on IDA shares. BTIG Research restated a “buy” rating and issued a $156.00 target price on shares of IDACORP in a report on Friday, January 30th. Wells Fargo & Company cut IDACORP from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $129.00 to $118.00 in a research note on Tuesday, January 20th. UBS Group lifted their price objective on shares of IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Mizuho increased their target price on shares of IDACORP from $141.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, Jefferies Financial Group dropped their price target on shares of IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, IDACORP currently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

Insiders Place Their Bets

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total value of $142,790.00. Following the completion of the sale, the vice president directly owned 2,313 shares in the company, valued at $330,273.27. This trade represents a 30.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

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.