IFM Investors Pty Ltd bought a new stake in IDACORP, Inc. (NYSE:IDA – Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,854 shares of the energy company’s stock, valued at approximately $551,000.
Several other hedge funds have also modified their holdings of IDA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in IDACORP by 79.2% in 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 acquiring an additional 2,625 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of IDACORP by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock worth $39,805,000 after purchasing an additional 21,890 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of IDACORP by 8.2% in 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 period. American Century Companies Inc. boosted its stake in shares of IDACORP by 12.6% in 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 period. Finally, Invesco Ltd. grew its holdings in IDACORP by 5.7% during the 2nd 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 in the last quarter. 89.10% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of the company’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 sale, the vice president owned 2,138 shares in the company, valued at $301,351.10. This represents a 41.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by corporate insiders.
IDACORP Trading Up 0.1%
IDACORP (NYSE:IDA – Get Free Report) last released 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 company had revenue of $403.41 million during the quarter, compared to the consensus estimate of $437.51 million. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. During the same quarter in the previous year, the firm earned $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, research analysts predict that IDACORP, Inc. will post 6.39 earnings per share for the current fiscal year.
IDACORP Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 5th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, May 5th. IDACORP’s payout ratio is currently 58.57%.
Analyst Ratings Changes
Several research firms recently issued reports on IDA. Mizuho set a $157.00 price target on shares of IDACORP in a research note on Friday, May 1st. Morgan Stanley restated an “overweight” rating and set a $152.00 target price on shares of IDACORP in a research note on Wednesday, June 24th. Wall Street Zen raised IDACORP from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 12th. Wells Fargo & Company reiterated an “underweight” rating and issued a $121.00 price target on shares of IDACORP in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, IDACORP has a consensus rating of “Moderate Buy” and a consensus target price of $149.29.
Get Our Latest Analysis on IDACORP
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.
Featured Articles
- Five stocks we like better than IDACORP
- Visa’s Open USD Push Puts Circle’s Stablecoin Moat Under Pressure
- This Under-the-Radar Industrial Is Quietly Powering AI
- Why Microsoft Looks Like the Best Big Tech Trade for H2 2026
- Strategy’s Bitcoin Pivot Gives Investors a New Reason to Watch Preferred Shares
Want to see what other hedge funds are holding IDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDACORP, Inc. (NYSE:IDA – Free Report).
Receive News & Ratings for IDACORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDACORP and related companies with MarketBeat.com's FREE daily email newsletter.
