Life Cycle Investment Partners Ltd Makes New Investment in IDACORP, Inc. $IDA

Life Cycle Investment Partners Ltd purchased a new position in IDACORP, Inc. (NYSE:IDA) during the fourth quarter, Holdings Channel reports. The fund purchased 306,708 shares of the energy company’s stock, valued at approximately $38,817,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IDA. Orion Porfolio Solutions LLC lifted its position in shares of IDACORP by 3,215.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock worth $69,784,000 after purchasing an additional 586,221 shares during the period. Zimmer Partners LP purchased a new position in shares of IDACORP in the third quarter worth approximately $71,031,000. Invesco Ltd. boosted its holdings in shares of IDACORP by 139.4% in the third quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock worth $78,208,000 after buying an additional 344,622 shares during the last quarter. BROOKFIELD Corp ON purchased a new position in IDACORP during the second quarter valued at approximately $33,920,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in IDACORP during the second quarter valued at approximately $29,728,000. Institutional investors own 89.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wall Street Zen raised shares of IDACORP from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 12th. Wells Fargo & Company restated an “underweight” rating and issued a $121.00 price target on shares of IDACORP in a research report on Tuesday, April 21st. Mizuho set a $157.00 price objective on shares of IDACORP in a research report on Friday, May 1st. 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. Finally, Weiss Ratings upgraded shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, IDACORP currently has an average rating of “Moderate Buy” and a consensus target price of $148.57.

Insider Transactions at IDACORP

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the vice president owned 2,313 shares in the company, valued at approximately $330,273.27. This trade represents a 30.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

IDACORP Stock Performance

IDA opened at $142.01 on Friday. IDACORP, Inc. has a 52-week low of $111.12 and a 52-week high of $149.73. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. The company has a market cap of $7.87 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52. The firm’s 50-day moving average price is $143.39 and its 200-day moving average price is $136.20.

IDACORP (NYSE:IDA) last issued its quarterly earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. The company had revenue of $403.41 million for the quarter, compared to the consensus estimate of $437.51 million. During the same quarter in the prior year, the company earned $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, equities analysts anticipate that IDACORP, Inc. will post 6.38 EPS for the current fiscal year.

IDACORP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 5th will be paid 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 yield of 2.5%. IDACORP’s dividend payout ratio (DPR) is currently 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.