John G Ullman & Associates Inc. Sells 325 Shares of IDACORP, Inc. $IDA

John G Ullman & Associates Inc. cut its holdings in IDACORP, Inc. (NYSE:IDA) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,618 shares of the energy company’s stock after selling 325 shares during the period. John G Ullman & Associates Inc. owned 0.07% of IDACORP worth $4,574,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Elite Financial Inc. bought a new position in IDACORP during the first quarter valued at about $29,000. Ameritas Advisory Services LLC bought a new position in IDACORP during the second quarter valued at about $31,000. Caitong International Asset Management Co. Ltd increased its stake in IDACORP by 621.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 267 shares of the energy company’s stock valued at $31,000 after acquiring an additional 230 shares during the period. Riverview Trust Co bought a new position in IDACORP during the second quarter valued at about $42,000. Finally, Farther Finance Advisors LLC increased its stake in IDACORP by 879.1% during the first quarter. Farther Finance Advisors LLC now owns 421 shares of the energy company’s stock valued at $49,000 after acquiring an additional 378 shares during the period. 89.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IDA. Morgan Stanley lowered their price target on IDACORP from $133.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Wall Street Zen upgraded IDACORP from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of IDACORP in a research note on Wednesday, October 8th. Finally, UBS Group reiterated a “neutral” rating and issued a $120.00 price objective (up from $118.00) on shares of IDACORP in a research note on Friday, July 11th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.29.

IDACORP Trading Up 0.1%

IDA stock opened at $135.97 on Friday. IDACORP, Inc. has a 1-year low of $100.10 and a 1-year high of $137.17. The firm has a market cap of $7.35 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.90 and a beta of 0.56. The business’s 50 day moving average is $128.27 and its 200-day moving average is $121.06. The company has a current ratio of 1.45, a quick ratio of 1.12 and a debt-to-equity ratio of 1.01.

IDACORP (NYSE:IDA) last announced its earnings results on Thursday, July 31st. The energy company reported $1.76 EPS for the quarter, hitting the consensus estimate of $1.76. The business had revenue of $531.10 million for the quarter, compared to the consensus estimate of $478.14 million. IDACORP had a return on equity of 9.18% and a net margin of 16.96%.During the same period in the previous year, the business earned $1.71 EPS. IDACORP has set its FY 2025 guidance at 5.700-5.850 EPS. Equities analysts anticipate that IDACORP, Inc. will post 5.81 earnings per share for the current fiscal year.

IDACORP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 5th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, November 5th. This is an increase from IDACORP’s previous quarterly dividend of $0.86. IDACORP’s dividend payout ratio (DPR) is presently 60.56%.

IDACORP Profile

IDACORP, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada.