Jefferies Financial Group Inc. Invests $1.79 Million in IDACORP, Inc. $IDA

Jefferies Financial Group Inc. purchased a new position in IDACORP, Inc. (NYSE:IDA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,157 shares of the energy company’s stock, valued at approximately $1,792,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Torren Management LLC purchased a new stake in shares of IDACORP in the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd raised its position in shares of IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after purchasing an additional 189 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of IDACORP in the 3rd quarter worth about $34,000. Smartleaf Asset Management LLC raised its position in shares of IDACORP by 62.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock worth $36,000 after purchasing an additional 119 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in shares of IDACORP by 892.1% in the 2nd quarter. Headlands Technologies LLC now owns 754 shares of the energy company’s stock worth $87,000 after purchasing an additional 678 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

IDACORP Price Performance

NYSE IDA opened at $143.73 on Thursday. The company has a market capitalization of $7.96 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 2.84 and a beta of 0.52. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 1.21. The business’s fifty day moving average is $143.44 and its 200 day moving average is $136.55. IDACORP, Inc. has a fifty-two week low of $111.12 and a fifty-two week high of $149.73.

IDACORP (NYSE:IDA) last issued its quarterly 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. The business had revenue of $403.41 million during 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 prior year, the business posted $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Sell-side analysts predict that IDACORP, Inc. will post 6.39 earnings per share for the current year.

IDACORP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders 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 annualized dividend and a dividend yield of 2.4%. IDACORP’s payout ratio is currently 58.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on IDA shares. BTIG Research reissued a “buy” rating and set a $156.00 price target on shares of IDACORP in a research report on Friday, January 30th. UBS Group raised their price target on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Wall Street Zen raised shares of IDACORP from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 12th. Jefferies Financial Group dropped their price objective on IDACORP from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Finally, Barclays increased their price objective on IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.