Oliver Luxxe Assets LLC Sells 10,491 Shares of IDACORP, Inc. $IDA

Oliver Luxxe Assets LLC cut its stake in shares of IDACORP, Inc. (NYSE:IDA) by 45.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,416 shares of the energy company’s stock after selling 10,491 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in IDACORP were worth $1,879,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in IDACORP by 79.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock worth $690,000 after buying an additional 2,625 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of IDACORP by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock valued at $39,805,000 after buying 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 first 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 buying an additional 10,855 shares during the last quarter. American Century Companies Inc. increased its position in shares of IDACORP by 12.6% during the second quarter. American Century Companies Inc. now owns 18,035 shares of the energy company’s stock valued at $2,082,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of IDACORP by 5.7% during the second quarter. Invesco Ltd. now owns 247,190 shares of the energy company’s stock valued at $28,538,000 after acquiring an additional 13,297 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

IDACORP Stock Performance

Shares of IDA opened at $142.09 on Friday. The business has a 50-day simple moving average of $145.76 and a two-hundred day simple moving average of $142.85. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. IDACORP, Inc. has a 52 week low of $122.30 and a 52 week high of $154.91. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 2.44 and a beta of 0.48.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.01. The firm had revenue of $469.80 million for the quarter, compared to analysts’ expectations 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 firm earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, analysts expect that IDACORP, Inc. will post 6.39 EPS for the current year.

IDACORP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th will be issued 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 2.5%. IDACORP’s payout ratio is currently 58.28%.

Insider Buying and Selling at IDACORP

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of the company’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 completion of the transaction, the vice president directly owned 2,138 shares in the company, valued at $301,351.10. This represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on IDA shares. BTIG Research reaffirmed a “buy” rating and issued a $160.00 price objective on shares of IDACORP in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a report on Monday, August 3rd. Mizuho set a $157.00 price target on IDACORP in a research note on Friday, May 1st. Wells Fargo & Company upped their price target on IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Finally, Wall Street Zen raised IDACORP from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.57.

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.