Julia Hilton Sells 1,000 Shares of IDACORP (NYSE:IDA) Stock

IDACORP, Inc. (NYSE:IDA) VP Julia Hilton sold 1,000 shares of IDACORP 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 sale, the vice president owned 2,313 shares in the company, valued at approximately $330,273.27. This represents a 30.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

IDACORP Trading Down 0.1%

Shares of IDACORP stock traded down $0.15 during midday trading on Tuesday, reaching $143.30. 377,068 shares of the company’s stock traded hands, compared to its average volume of 498,688. The stock has a 50 day moving average of $132.41 and a 200-day moving average of $130.11. IDACORP, Inc. has a 12 month low of $108.15 and a 12 month high of $145.94. The company has a market cap of $7.87 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 2.72 and a beta of 0.59. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93.

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

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th will be issued a $0.88 dividend. The ex-dividend date is 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 59.66%.

Institutional Investors Weigh In On IDACORP

Institutional investors and hedge funds have recently made changes to their positions in the company. AMG National Trust Bank boosted its position in IDACORP by 0.7% in the third quarter. AMG National Trust Bank now owns 11,665 shares of the energy company’s stock worth $1,542,000 after purchasing an additional 80 shares during the last quarter. Assetmark Inc. grew its stake in shares of IDACORP by 7.6% during the 3rd quarter. Assetmark Inc. now owns 1,128 shares of the energy company’s stock valued at $149,000 after acquiring an additional 80 shares during the period. AssuredPartners Investment Advisors LLC increased its holdings in IDACORP by 5.1% in the 4th quarter. AssuredPartners Investment Advisors LLC now owns 1,653 shares of the energy company’s stock worth $209,000 after acquiring an additional 80 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in IDACORP by 33.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 382 shares of the energy company’s stock worth $44,000 after acquiring an additional 96 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in IDACORP by 31.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 408 shares of the energy company’s stock worth $53,000 after acquiring an additional 97 shares during the period. Institutional investors own 89.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research note on Thursday, January 22nd. Mizuho upped their price objective on shares of IDACORP from $141.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday. Wells Fargo & Company downgraded shares of IDACORP from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $129.00 to $118.00 in a research note on Tuesday, January 20th. UBS Group boosted their price target on IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Jefferies Financial Group cut their price target on IDACORP from $152.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, IDACORP has an average rating of “Moderate Buy” and an average price target of $141.22.

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.