Citizens Financial Group Inc. RI Purchases 4,511 Shares of IDACORP, Inc. $IDA

Citizens Financial Group Inc. RI purchased a new position in shares of IDACORP, Inc. (NYSE:IDA) in the third quarter, HoldingsChannel reports. The firm purchased 4,511 shares of the energy company’s stock, valued at approximately $590,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of IDACORP during the 2nd quarter worth about $1,033,914,000. Bank of New York Mellon Corp acquired a new position in IDACORP in the second quarter valued at about $72,143,000. Energy Income Partners LLC acquired a new position in IDACORP in the second quarter valued at about $60,618,000. Bank of America Corp DE purchased a new position in IDACORP during the second quarter worth about $54,985,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in IDACORP during the second quarter worth about $42,642,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on IDA shares. Wells Fargo & Company lifted their price target on shares of IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of IDACORP from a “sell” rating to a “hold” rating in a research note on Sunday, September 6th. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a research report on Monday, August 3rd. Morgan Stanley raised their price objective on shares of IDACORP from $143.00 to $144.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Finally, BTIG Research set a $153.00 price objective on shares of IDACORP in a report on Tuesday, October 20th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

IDACORP Stock Up 3.0%

Shares of NYSE IDA opened at $143.89 on Friday. The stock has a market cap of $8.32 billion, a P/E ratio of 23.82, a PEG ratio of 2.42 and a beta of 0.48. The business’s fifty day simple moving average is $135.36 and its 200-day simple moving average is $140.60. IDACORP, Inc. has a 12-month low of $124.12 and a 12-month high of $154.91. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97.

IDACORP (NYSE:IDA) last released its earnings results on Thursday, October 29th. The energy company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.51 by $0.22. IDACORP had a return on equity of 9.34% and a net margin of 18.78%. The firm had revenue of $608.04 million during the quarter, compared to analysts’ expectations of $603.00 million. During the same period in the previous year, the firm posted $2.26 EPS. As a group, equities analysts predict that IDACORP, Inc. will post 6.39 EPS for the current fiscal year.

IDACORP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Thursday, November 5th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, November 5th. This is a boost from IDACORP’s previous quarterly dividend of $0.88. IDACORP’s dividend payout ratio (DPR) is 58.28%.

More IDACORP News

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Quarterly earnings beat expectations. Third-quarter net income rose to $160.2 million, or $2.73 per diluted share, from $124.4 million, or $2.26 per share, a year earlier. EPS exceeded the $2.51 analyst consensus, while revenue of $608.0 million also topped estimates of approximately $603.0 million. IDACORP quarterly earnings report
• Positive Sentiment: Full-year guidance was raised. IDACORP now expects 2026 earnings of $6.40 to $6.50 per diluted share, up from its previous range of $6.30 to $6.45 and modestly above the $6.39 consensus estimate. The higher outlook reinforces investor expectations for continued earnings growth. IDACORP revised earnings guidance
• Positive Sentiment: Underlying operating trends improved. Management cited customer growth, higher regulated base rates and stronger revenue from large contract customers. Nine-month net income reached $330.8 million, compared with $279.9 million in the prior-year period. IDACORP third-quarter results
• Neutral Sentiment: IDACORP said Idaho Power expects to use less than $10 million of additional tax credits under the Idaho regulatory mechanism in 2026. This may support earnings, although the benefit appears limited relative to the company’s overall results.
• Negative Sentiment: Recent insider-trading data showed sales, rather than purchases, by two company executives. While these transactions are not necessarily related to operating performance, they may be a modest cautionary signal for investors.

About IDACORP

IDACORP, Inc is a holding company whose principal subsidiary, Idaho Power Company, is a regulated electric utility. Idaho Power generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.

Idaho Power serves customers across southern Idaho and eastern Oregon. Its power supply includes a substantial hydroelectric system, along with energy from thermal, wind, solar and other resources. The company also operates and maintains the transmission and distribution infrastructure needed to deliver electricity throughout its service area.

Idaho Power traces its history to 1916, when it was established to provide electric service in Idaho.