IDACORP, Inc. $IDA Shares Bought by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. grew its position in IDACORP, Inc. (NYSE:IDA) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,807,811 shares of the energy company’s stock after buying an additional 107,131 shares during the quarter. IDACORP makes up approximately 4.0% of Reaves W H & Co. Inc.’s portfolio, making the stock its 6th largest position. Reaves W H & Co. Inc.’s holdings in IDACORP were worth $228,797,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IDA. Alps Advisors Inc. boosted its holdings in shares of IDACORP by 31.8% during the third quarter. Alps Advisors Inc. now owns 29,178 shares of the energy company’s stock worth $3,856,000 after purchasing an additional 7,036 shares during the period. First National Bank of Omaha acquired a new stake in shares of IDACORP during the third quarter worth approximately $6,480,000. Phocas Financial Corp. acquired a new stake in shares of IDACORP during the fourth quarter worth approximately $7,171,000. HighTower Advisors LLC boosted its holdings in shares of IDACORP by 122.2% during the third quarter. HighTower Advisors LLC now owns 30,367 shares of the energy company’s stock worth $4,013,000 after purchasing an additional 16,699 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of IDACORP by 102.8% during the third quarter. Citigroup Inc. now owns 72,933 shares of the energy company’s stock worth $9,638,000 after purchasing an additional 36,969 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on IDA. Barclays raised their price target on shares of IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Wells Fargo & Company reiterated an “underweight” rating and issued a $121.00 target price on shares of IDACORP in a research note on Tuesday, April 21st. UBS Group lifted their target price on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Morgan Stanley set a $147.00 price target on shares of IDACORP in a research report on Thursday, May 21st. Finally, Wall Street Zen raised shares of IDACORP from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, IDACORP has a consensus rating of “Moderate Buy” and a consensus price target of $148.57.

IDACORP Trading Down 0.1%

Shares of IDA stock opened at $140.17 on Monday. IDACORP, Inc. has a 1 year low of $111.12 and a 1 year high of $149.73. The firm’s fifty day simple moving average is $143.41 and its 200 day simple moving average is $136.70. The firm has a market capitalization of $7.77 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 2.80 and a beta of 0.49. 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 (NYSE:IDA) last announced its earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. The business had revenue of $403.41 million for the quarter, compared to analyst estimates of $437.51 million. During the same quarter in the previous year, the firm posted $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, sell-side analysts predict that IDACORP, Inc. will post 6.39 EPS for the current year.

IDACORP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 5th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. IDACORP’s payout ratio is 58.57%.

IDACORP Company 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.