UBS Group AG Acquires 8,653 Shares of IDACORP, Inc. $IDA

UBS Group AG boosted its holdings in shares of IDACORP, Inc. (NYSE:IDA) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 304,161 shares of the energy company’s stock after purchasing an additional 8,653 shares during the quarter. UBS Group AG’s holdings in IDACORP were worth $38,495,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its stake in IDACORP by 31.8% during the 3rd quarter. Alps Advisors Inc. now owns 29,178 shares of the energy company’s stock valued at $3,856,000 after purchasing an additional 7,036 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in IDACORP during the 3rd quarter valued at approximately $21,486,000. Phocas Financial Corp. bought a new stake in IDACORP during the 4th quarter valued at approximately $7,171,000. SG Americas Securities LLC boosted its stake in IDACORP by 418.2% during the 3rd quarter. SG Americas Securities LLC now owns 37,846 shares of the energy company’s stock valued at $5,001,000 after purchasing an additional 30,543 shares during the period. Finally, HighTower Advisors LLC boosted its stake in IDACORP by 122.2% during the 3rd quarter. HighTower Advisors LLC now owns 30,367 shares of the energy company’s stock valued at $4,013,000 after purchasing an additional 16,699 shares during the period. Institutional investors own 89.10% of the company’s stock.

Insider Activity

In other news, VP Julia A. Hilton sold 1,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $142.79, for a total value of $142,790.00. Following the completion of the transaction, the vice president directly owned 2,313 shares of the company’s stock, valued at approximately $330,273.27. This represents a 30.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IDA shares. Wall Street Zen cut IDACORP from a “sell” rating to a “strong sell” rating in a report on Monday. Jefferies Financial Group cut their price target on IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Barclays upped their price target on IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a report on Tuesday. BTIG Research reaffirmed a “buy” rating and issued a $156.00 price target on shares of IDACORP in a report on Friday, January 30th. Finally, Weiss Ratings raised IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, IDACORP currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

IDACORP Trading Down 0.7%

Shares of IDA opened at $143.02 on Friday. IDACORP, Inc. has a 1 year low of $108.15 and a 1 year high of $149.73. 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 has a 50 day simple moving average of $143.47 and a 200-day simple moving average of $135.60. The stock has a market cap of $7.92 billion, a PE ratio of 23.80, a PEG ratio of 2.87 and a beta of 0.52.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share (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 business had revenue of $403.41 million during the quarter, compared to analysts’ expectations of $437.51 million. During the same period in the prior year, the firm posted $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, sell-side analysts predict that IDACORP, Inc. will post 6.39 EPS for the current fiscal year.

IDACORP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 5th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. IDACORP’s dividend payout ratio is presently 58.57%.

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.