Fox Run Management L.L.C. lifted its holdings in IDACORP, Inc. (NYSE:IDA – Free Report) by 227.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,728 shares of the energy company’s stock after purchasing an additional 6,756 shares during the period. Fox Run Management L.L.C.’s holdings in IDACORP were worth $1,231,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of IDA. Torren Management LLC acquired a new stake in IDACORP in the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after buying an additional 189 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in IDACORP in the 3rd quarter worth about $34,000. Los Angeles Capital Management LLC acquired a new stake in IDACORP in the 4th quarter worth about $35,000. Finally, Smartleaf Asset Management LLC boosted its holdings in IDACORP by 62.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock worth $36,000 after buying an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on IDA shares. Barclays lifted their price objective on IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Mizuho set a $157.00 price objective on IDACORP in a report on Friday, May 1st. Weiss Ratings upgraded IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded IDACORP from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 12th. Finally, UBS Group lifted their price objective on IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.57.
Insider Buying and Selling at IDACORP
In other news, VP James Bo D. Hanchey sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $140.95, for a total transaction of $211,425.00. Following the transaction, the vice president directly owned 2,138 shares in the company, valued at $301,351.10. The trade was a 41.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by corporate insiders.
IDACORP Trading Up 1.5%
Shares of IDACORP stock opened at $140.15 on Wednesday. The stock has a market cap of $7.77 billion, a P/E ratio of 23.32, a P/E/G ratio of 2.75 and a beta of 0.49. The stock’s 50 day simple moving average is $143.37 and its 200-day simple moving average is $137.19. IDACORP, Inc. has a 1-year low of $111.12 and a 1-year high of $149.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 0.95.
IDACORP (NYSE:IDA – Get Free Report) last issued its earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share for the quarter, topping the consensus estimate 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 firm posted $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Analysts predict that IDACORP, Inc. will post 6.39 EPS for the current fiscal year.
IDACORP Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 5th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, May 5th. IDACORP’s payout ratio is currently 58.57%.
IDACORP 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.
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