7,697 Shares in IDACORP, Inc. $IDA Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of IDACORP, Inc. (NYSE:IDA) during the second quarter, HoldingsChannel.com reports. The firm purchased 7,697 shares of the energy company’s stock, valued at approximately $1,165,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Evolve Private Wealth LLC purchased a new stake in IDACORP in the 2nd quarter worth approximately $383,000. Emerald Investment Advisers LLC purchased a new position in shares of IDACORP during the second quarter valued at approximately $6,754,000. William Blair Investment Management LLC purchased a new position in shares of IDACORP during the second quarter valued at approximately $32,297,000. Callan Family Office LLC bought a new position in shares of IDACORP during the second quarter valued at approximately $336,000. Finally, Allworth Financial LP bought a new position in shares of IDACORP during the second quarter valued at approximately $264,000. Institutional investors own 89.10% of the company’s stock.

Insider Activity at IDACORP

In other news, VP James Bo D. Hanchey sold 1,500 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $140.95, for a total transaction of $211,425.00. Following the sale, 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

IDA has been the topic of several recent analyst reports. Morgan Stanley cut their price target on shares of IDACORP from $156.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday. BTIG Research restated a “buy” rating and issued a $160.00 price objective on shares of IDACORP in a report on Thursday, July 23rd. Mizuho set a $157.00 target price on shares of IDACORP in a research report on Friday, May 1st. Wall Street Zen raised shares of IDACORP from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Wells Fargo & Company lifted their target price on shares of IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $153.86.

IDACORP Stock Down 0.4%

Shares of NYSE:IDA opened at $137.71 on Wednesday. The firm has a market capitalization of $7.96 billion, a P/E ratio of 22.80, a P/E/G ratio of 2.38 and a beta of 0.48. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 0.99. The stock has a 50 day moving average price of $145.84 and a 200-day moving average price of $143.52. IDACORP, Inc. has a 52-week low of $122.30 and a 52-week high of $154.91.

IDACORP (NYSE:IDA) last released its quarterly earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.01. The company had revenue of $469.80 million for the quarter, compared to analyst estimates of $511.87 million. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.During the same period in the previous year, the company posted $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, equities research analysts anticipate that IDACORP, Inc. will post 6.38 EPS for the current fiscal year.

IDACORP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $3.52 annualized dividend and a yield of 2.6%. IDACORP’s dividend payout ratio (DPR) is currently 58.28%.

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.