Great Lakes Advisors LLC Acquires New Position in IDACORP, Inc. $IDA

Posted by Geri Gentry on Aug 23rd, 2026

Great Lakes Advisors LLC bought a new position in shares of IDACORP, Inc. (NYSE:IDA – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,410 shares of the energy company’s stock, valued at approximately $1,272,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Torren Management LLC acquired a new position in IDACORP in the 4th quarter valued at $25,000. Western Wealth Management LLC acquired a new stake in shares of IDACORP during the first quarter worth $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of IDACORP by 630.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after purchasing an additional 189 shares during the last quarter. Trust Co. of Vermont purchased a new stake in shares of IDACORP in the second quarter valued at $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of IDACORP in the third quarter valued at $34,000. 89.10% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting IDACORP

Here are the key news stories impacting IDACORP this week:

Positive Sentiment: Zacks raised its IDACORP EPS forecasts for Q4 2026 to $0.85 from $0.81, Q2 2027 to $2.04 from $1.92, Q3 2027 to $2.79 from $2.68, FY2027 to $6.93 from $6.91, and FY2028 to $7.66 from $7.52. The upgrades suggest expectations for improving earnings growth beyond the current year. IDACORP Zacks Research earnings estimates
Neutral Sentiment: Zacks’ FY2026 EPS forecast is now $6.40, down slightly from $6.43 but broadly in line with the current consensus estimate of $6.39. The revisions do not materially change the company’s near-term earnings outlook. IDACORP earnings forecast update
Negative Sentiment: Zacks cut its Q1 2028 EPS estimate to $1.16 from $1.37 and its Q2 2028 estimate to $2.03 from $2.06. These reductions point to weaker expectations for portions of 2028 and may be contributing to the cautious market reaction despite the longer-term upgrades. IDACORP future EPS estimate reductions

IDACORP Stock Performance

IDACORP stock opened at $137.42 on Friday. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 2.37 and a beta of 0.48. IDACORP, Inc. has a 12 month low of $122.30 and a 12 month high of $154.91. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.75. The stock’s 50-day moving average is $146.04 and its 200-day moving average is $143.38.

IDACORP (NYSE:IDA – Get Free Report) last posted its earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.01. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. The firm had revenue of $469.80 million during the quarter, compared to the consensus estimate of $511.87 million. During the same quarter in the prior year, the company earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Equities analysts anticipate that IDACORP, Inc. will post 6.38 earnings per share for the current year.

IDACORP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 5th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 5th. IDACORP’s dividend payout ratio is 58.28%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on IDA shares. Wall Street Zen upgraded IDACORP from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Mizuho set a $157.00 price target on IDACORP in a report on Friday, May 1st. Morgan Stanley cut their price objective on shares of IDACORP from $156.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a research report on Monday, August 3rd. Finally, Barclays lowered their target price on shares of IDACORP from $167.00 to $162.00 and set an “overweight” rating for the company in a report on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $153.86.

Check Out Our Latest Analysis on IDA

Insider Buying and Selling at IDACORP

In other 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 completion of the sale, the vice president owned 2,138 shares in the company, valued at approximately $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by insiders.

About IDACORP

(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.