NFSG Corp boosted its stake in shares of IDACORP, Inc. (NYSE:IDA – Free Report) by 12,090.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,876 shares of the energy company’s stock after buying an additional 4,836 shares during the quarter. NFSG Corp’s holdings in IDACORP were worth $637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of IDA. Osterweis Capital Management Inc. bought a new stake in IDACORP in the 2nd quarter valued at $25,000. Western Wealth Management LLC acquired a new stake in IDACORP in the 1st quarter worth $29,000. Trust Co. of Vermont bought a new position in shares of IDACORP during the 2nd quarter worth about $30,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of IDACORP during the 2nd quarter worth about $33,000. Finally, Summit Securities Group LLC bought a new position in shares of IDACORP during the 1st quarter worth about $37,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on IDA shares. Wall Street Zen raised shares of IDACORP from a “sell” rating to a “hold” rating in a research report on Sunday, September 6th. BTIG Research reiterated a “buy” rating and issued a $160.00 price objective on shares of IDACORP in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a report on Monday, August 3rd. Wells Fargo & Company increased their target price on IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Barclays cut their target price on IDACORP from $162.00 to $149.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, IDACORP has an average rating of “Moderate Buy” and a consensus target price of $150.86.
View Our Latest Analysis on IDA
IDACORP Price Performance
Shares of IDA traded up $1.65 during trading hours on Friday, hitting $138.48. The stock had a trading volume of 560,295 shares, compared to its average volume of 692,133. The company’s fifty day moving average is $135.46 and its two-hundred day moving average is $141.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.75. IDACORP, Inc. has a 52 week low of $124.12 and a 52 week high of $154.91. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 2.37 and a beta of 0.48.
IDACORP (NYSE:IDA – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $469.80 million during the quarter, compared to the consensus estimate of $511.87 million. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. During the same period last year, the firm posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, analysts anticipate that IDACORP, Inc. will post 6.39 EPS for the current year.
IDACORP Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Thursday, November 5th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, November 5th. This is a positive change from IDACORP’s previous quarterly dividend of $0.88. This represents a $3.60 annualized dividend and a dividend yield of 2.6%. IDACORP’s dividend payout ratio (DPR) is 58.28%.
About IDACORP
IDACORP, Inc (NYSE: IDA) is an energy holding company headquartered in Boise, Idaho. Its principal subsidiary, Idaho Power Company, is a regulated electric utility that generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.
Idaho Power serves a broad territory covering southern Idaho and eastern Oregon. Its electricity supply portfolio includes hydroelectric generation, natural gas and other thermal resources, as well as power purchased from renewable and other third-party sources.
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