River Road Asset Management LLC Has $5.90 Million Stake in IDACORP, Inc. $IDA

Posted by Geri Gentry on Jun 20th, 2026

River Road Asset Management LLC trimmed its stake in IDACORP, Inc. (NYSE:IDA – Free Report) by 17.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 46,629 shares of the energy company’s stock after selling 10,178 shares during the quarter. River Road Asset Management LLC’s holdings in IDACORP were worth $5,901,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in IDA. Briggs Wealth Management Inc purchased a new stake in IDACORP in the 4th quarter worth approximately $312,000. Invesco Ltd. boosted its stake in shares of IDACORP by 7.3% during the 4th quarter. Invesco Ltd. now owns 635,202 shares of the energy company’s stock valued at $80,391,000 after buying an additional 43,390 shares during the period. Corient Private Wealth LLC grew its holdings in shares of IDACORP by 53.5% during the 4th quarter. Corient Private Wealth LLC now owns 8,455 shares of the energy company’s stock valued at $1,070,000 after acquiring an additional 2,947 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of IDACORP by 25.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,828 shares of the energy company’s stock valued at $611,000 after acquiring an additional 990 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in shares of IDACORP by 7.9% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,589 shares of the energy company’s stock worth $328,000 after acquiring an additional 189 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at IDACORP

In related news, VP James Bo D. Hanchey sold 1,500 shares of the firm’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 value of $211,425.00. Following the transaction, the vice president directly owned 2,138 shares of the company’s stock, valued at approximately $301,351.10. This trade represents a 41.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

IDACORP Stock Down 0.2%

IDACORP stock opened at $142.11 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. IDACORP, Inc. has a 1-year low of $113.06 and a 1-year high of $149.73. The firm’s fifty day simple moving average is $143.05 and its 200-day simple moving average is $137.84. The company has a market capitalization of $7.87 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.84 and a beta of 0.49.

IDACORP (NYSE:IDA – Get Free Report) last posted its earnings results on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. The firm had revenue of $403.41 million for the quarter, compared to the consensus estimate of $437.51 million. During the same period in the prior year, the business posted $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Sell-side analysts forecast that IDACORP, Inc. will post 6.39 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. IDACORP’s dividend payout ratio is currently 58.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IDA. Barclays increased 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. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $121.00 target price on shares of IDACORP in a research report on Tuesday, April 21st. Wall Street Zen raised IDACORP from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 12th. Morgan Stanley set a $147.00 price target on IDACORP in a report on Thursday, May 21st. Finally, Weiss Ratings raised IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research note 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.57.

Get Our Latest Research Report on IDA

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.