IDACORP, Inc. $IDA Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. boosted its holdings in IDACORP, Inc. (NYSE:IDA) by 227.3% during the fourth quarter, HoldingsChannel reports. The fund owned 9,728 shares of the energy company’s stock after buying an additional 6,756 shares during the period. Fox Run Management L.L.C.’s holdings in IDACORP were worth $1,231,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in IDACORP in the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in IDACORP by 630.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after acquiring an additional 189 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in IDACORP in the third quarter valued at approximately $34,000. Los Angeles Capital Management LLC acquired a new position in IDACORP in the fourth quarter valued at approximately $35,000. Finally, Harbour Investments Inc. lifted its holdings in IDACORP by 48.0% in the fourth quarter. Harbour Investments Inc. now owns 302 shares of the energy company’s stock valued at $38,000 after acquiring an additional 98 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at IDACORP

In other IDACORP 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 stock was sold at an average price of $140.95, for a total value of $211,425.00. Following the sale, the vice president owned 2,138 shares of the company’s stock, valued at $301,351.10. The trade was a 41.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by insiders.

IDACORP Stock Up 1.5%

Shares of NYSE IDA opened at $140.15 on Wednesday. The firm has a market cap 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 has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. IDACORP, Inc. has a 52-week low of $111.12 and a 52-week high of $149.73. The business’s 50 day moving average is $143.37 and its two-hundred day moving average is $137.19.

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, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $403.41 million for the quarter, compared to analyst estimates of $437.51 million. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.During the same quarter in the previous year, the company earned $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Research analysts predict that IDACORP, Inc. will post 6.39 EPS for the current year.

IDACORP Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on IDA. UBS Group upped their price objective on IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Morgan Stanley set a $147.00 price objective on IDACORP in a report on Thursday, May 21st. Wells Fargo & Company reiterated an “underweight” rating and issued a $121.00 price objective on shares of IDACORP in a report on Tuesday, April 21st. Mizuho set a $157.00 price objective on IDACORP in a report on Friday, May 1st. Finally, Wall Street Zen raised IDACORP from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 12th. Six research 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.57.

IDACORP 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.