William Blair Investment Management LLC Sells 46,980 Shares of IDACORP, Inc. $IDA

William Blair Investment Management LLC decreased its stake in shares of IDACORP, Inc. (NYSE:IDA) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 576,077 shares of the energy company’s stock after selling 46,980 shares during the quarter. William Blair Investment Management LLC owned about 1.07% of IDACORP worth $72,908,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in IDACORP by 79.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock valued at $690,000 after purchasing an additional 2,625 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in IDACORP by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock valued at $39,805,000 after purchasing an additional 21,890 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in IDACORP by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company’s stock valued at $16,698,000 after purchasing an additional 10,855 shares during the last quarter. American Century Companies Inc. lifted its position in IDACORP by 12.6% during the second quarter. American Century Companies Inc. now owns 18,035 shares of the energy company’s stock valued at $2,082,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Invesco Ltd. lifted its position in IDACORP by 5.7% during the second quarter. Invesco Ltd. now owns 247,190 shares of the energy company’s stock valued at $28,538,000 after purchasing an additional 13,297 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. BTIG Research reiterated a “buy” rating and set a $156.00 price objective on shares of IDACORP in a research report on Friday, January 30th. Jefferies Financial Group lowered their price objective on shares of IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Wells Fargo & Company reiterated an “underweight” rating and set a $121.00 price objective on shares of IDACORP in a research report on Tuesday, April 21st. Finally, Barclays increased their price objective on shares of IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, IDACORP has an average rating of “Moderate Buy” and a consensus price target of $148.57.

IDACORP Price Performance

IDACORP stock opened at $142.01 on Monday. The firm has a 50-day moving average price of $143.39 and a 200-day moving average price of $136.25. The firm has a market capitalization of $7.87 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52. 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 12-month low of $111.12 and a 12-month high of $149.73.

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

IDACORP Dividend Announcement

The company 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. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, May 5th. IDACORP’s dividend payout ratio (DPR) is 58.57%.

About IDACORP

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.