Leeward Investments LLC MA Decreases Position in IDACORP, Inc. $IDA

Leeward Investments LLC MA trimmed its stake in IDACORP, Inc. (NYSE:IDA) by 2.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,960 shares of the energy company’s stock after selling 4,491 shares during the period. IDACORP makes up about 1.1% of Leeward Investments LLC MA’s portfolio, making the stock its 18th biggest position. Leeward Investments LLC MA owned about 0.30% of IDACORP worth $23,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Torren Management LLC bought a new position in IDACORP during the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 acquiring an additional 189 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of IDACORP during the 3rd quarter worth about $34,000. Los Angeles Capital Management LLC purchased a new position in shares of IDACORP during the 4th quarter worth about $35,000. Finally, SHP Wealth Management bought a new position in IDACORP during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Analysts Set New Price Targets

IDA has been the subject of several analyst reports. Morgan Stanley set a $147.00 price objective on shares of IDACORP in a research note on Thursday, May 21st. Wells Fargo & Company reaffirmed an “underweight” rating and set a $121.00 target price on shares of IDACORP in a research note on Tuesday, April 21st. Weiss Ratings upgraded IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Barclays raised their price target on IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.57.

IDACORP Price Performance

IDACORP stock opened at $145.23 on Wednesday. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 2.84 and a beta of 0.49. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 0.95. IDACORP, Inc. has a 1 year low of $113.06 and a 1 year high of $149.73. The firm has a 50-day moving average of $142.89 and a two-hundred day moving average of $138.12.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $403.41 million for the quarter, compared to analyst estimates of $437.51 million. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. During the same period last year, the company posted $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, research analysts forecast that IDACORP, Inc. will post 6.39 earnings per share for the current year.

IDACORP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 5th were paid a $0.88 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $3.52 annualized dividend and a yield of 2.4%. IDACORP’s dividend payout ratio is 58.57%.

Insider Buying and Selling

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $140.95, for a total transaction of $211,425.00. Following the transaction, the vice president directly owned 2,138 shares in the company, valued at $301,351.10. This trade represents a 41.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.33% of the stock is owned by insiders.

About IDACORP

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.