RW Investment Management LLC Takes $2.02 Million Position in IDACORP, Inc. $IDA

Posted by Geri Gentry on Aug 17th, 2026

RW Investment Management LLC bought a new stake in IDACORP, Inc. (NYSE:IDA – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 13,382 shares of the energy company’s stock, valued at approximately $2,025,000. IDACORP accounts for about 0.2% of RW Investment Management LLC’s portfolio, making the stock its 18th largest holding.

A number of other hedge funds have also modified their holdings of the business. Orion Porfolio Solutions LLC boosted its stake in IDACORP by 3,215.7% during the second quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock worth $69,784,000 after buying an additional 586,221 shares during the period. Zimmer Partners LP acquired a new position in IDACORP during the third quarter worth $71,031,000. Bank of New York Mellon Corp acquired a new position in IDACORP during the second quarter worth $72,143,000. Capital Research Global Investors purchased a new position in shares of IDACORP during the fourth quarter worth $44,511,000. Finally, Invesco Ltd. boosted its position in shares of IDACORP by 139.4% during the third quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock worth $78,208,000 after buying an additional 344,622 shares during the period. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

IDACORP Stock Performance

NYSE:IDA opened at $142.53 on Monday. IDACORP, Inc. has a 52 week low of $122.30 and a 52 week high of $154.91. The company has a fifty day simple moving average of $146.09 and a two-hundred day simple moving average of $143.19. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.46 and a beta of 0.48.

IDACORP (NYSE:IDA – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.01. The business had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $511.87 million. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.During the same period last year, the firm earned $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, equities analysts anticipate that IDACORP, Inc. will post 6.39 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th will be issued a dividend of $0.88 per share. The ex-dividend date is Wednesday, August 5th. This represents a $3.52 annualized dividend and a yield of 2.5%. IDACORP’s dividend payout ratio is 58.28%.

Insider Transactions at IDACORP

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $140.95, for a total value of $211,425.00. Following the sale, the vice president owned 2,138 shares of the company’s stock, valued at $301,351.10. This trade represents a 41.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

IDA has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. BTIG Research restated a “buy” rating and set a $160.00 target price on shares of IDACORP in a report on Thursday, July 23rd. Wall Street Zen raised IDACORP from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Barclays cut their price target on shares of IDACORP from $167.00 to $162.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. Finally, Morgan Stanley reissued an “overweight” rating and set a $156.00 price target on shares of IDACORP in a research report on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $154.57.

Check Out Our Latest Stock Report on IDA

IDACORP Profile

(Free Report)

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.