Aristotle Capital Boston LLC Makes New Investment in IDACORP, Inc. $IDA

Aristotle Capital Boston LLC purchased a new position in IDACORP, Inc. (NYSE:IDA) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 83,126 shares of the energy company’s stock, valued at approximately $10,520,000. Aristotle Capital Boston LLC owned 0.15% of IDACORP as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in IDA. Orion Porfolio Solutions LLC increased its position in 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 buying an additional 586,221 shares during the period. Zimmer Partners LP bought a new position in IDACORP in the 3rd quarter worth approximately $71,031,000. Capital Research Global Investors bought a new position in IDACORP in the 4th quarter worth approximately $44,511,000. Invesco Ltd. increased its position in IDACORP by 139.4% in the 3rd 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 period. Finally, Life Cycle Investment Partners Ltd bought a new position in IDACORP in the 4th quarter worth approximately $38,817,000. 89.10% of the stock is owned by institutional investors.

IDACORP Stock Performance

IDA opened at $141.83 on Thursday. The stock has a market cap of $7.86 billion, a PE ratio of 23.60, a P/E/G ratio of 2.85 and a beta of 0.49. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. IDACORP, Inc. has a 1 year low of $112.85 and a 1 year high of $149.73. The stock’s 50 day simple moving average is $143.20 and its 200-day simple moving average is $137.74.

IDACORP (NYSE:IDA) last released its quarterly earnings data on Thursday, April 30th. The energy company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $403.41 million for the quarter, compared to analysts’ expectations of $437.51 million. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.During the same period in the previous year, the business posted $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Sell-side analysts forecast that IDACORP, Inc. will post 6.39 EPS for the current 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 paid a $0.88 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $3.52 annualized dividend and a yield of 2.5%. IDACORP’s payout ratio is currently 58.57%.

Wall Street Analysts Forecast Growth

IDA has been the topic of a number of research reports. UBS Group boosted their price objective on IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Wells Fargo & Company restated an “underweight” rating and set a $121.00 price objective on shares of IDACORP in a research report on Tuesday, April 21st. Wall Street Zen upgraded IDACORP from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 12th. Barclays boosted their price objective on IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Morgan Stanley set a $147.00 price objective on IDACORP in a research report on Thursday, May 21st. 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $148.57.

Insider Buying and Selling

In related news, VP James Bo D. Hanchey sold 1,500 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $140.95, for a total value of $211,425.00. Following the sale, the vice president owned 2,138 shares of the company’s stock, valued at $301,351.10. The trade was a 41.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

IDACORP Company 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.