GW&K Investment Management LLC Has $90.74 Million Position in IDACORP, Inc. $IDA

GW&K Investment Management LLC grew its position in IDACORP, Inc. (NYSE:IDA) by 7.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 716,975 shares of the energy company’s stock after purchasing an additional 47,248 shares during the quarter. IDACORP comprises 0.8% of GW&K Investment Management LLC’s portfolio, making the stock its 18th biggest holding. GW&K Investment Management LLC’s holdings in IDACORP were worth $90,741,000 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of IDACORP by 79.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock valued at $690,000 after buying an additional 2,625 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of IDACORP by 6.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock valued at $39,805,000 after purchasing an additional 21,890 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of IDACORP by 8.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company’s stock valued at $16,698,000 after purchasing an additional 10,855 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of IDACORP by 12.6% during the 2nd quarter. American Century Companies Inc. now owns 18,035 shares of the energy company’s stock valued at $2,082,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of IDACORP by 5.7% during the 2nd quarter. Invesco Ltd. now owns 247,190 shares of the energy company’s stock valued at $28,538,000 after purchasing an additional 13,297 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on IDA shares. Wells Fargo & Company reaffirmed an “underweight” rating and set a $121.00 price target on shares of IDACORP in a report on Tuesday, April 21st. Barclays lifted their price target on shares of IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Morgan Stanley set a $147.00 price target on shares of IDACORP in a report on Thursday, May 21st. Mizuho set a $157.00 price target on shares of IDACORP in a report on Friday, May 1st. Finally, UBS Group lifted their price target on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Six 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. According to data from MarketBeat, IDACORP currently has a consensus rating of “Moderate Buy” and an average price target of $148.57.

Insider Activity

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

IDACORP Trading Up 1.5%

IDA opened at $140.15 on Wednesday. IDACORP, Inc. has a fifty-two week low of $111.12 and a fifty-two week high of $149.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 0.95. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 2.75 and a beta of 0.49. The company’s 50 day moving average price is $143.37 and its two-hundred day moving average price is $137.19.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share 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 firm had revenue of $403.41 million for the quarter, compared to analyst estimates of $437.51 million. During the same period in the previous year, the firm posted $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, research analysts predict that IDACORP, Inc. will post 6.39 earnings per share for the current year.

IDACORP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 5th were given a $0.88 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $3.52 dividend on an annualized basis and a dividend 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.