10,120 Shares in IDACORP, Inc. $IDA Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new stake in shares of IDACORP, Inc. (NYSE:IDA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,120 shares of the energy company’s stock, valued at approximately $1,531,000.

Other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of IDACORP by 79.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock valued at $690,000 after purchasing an additional 2,625 shares during the period. Goldman Sachs Group Inc. increased its holdings in IDACORP by 6.8% in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in IDACORP by 8.2% in 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 in the last quarter. American Century Companies Inc. raised its position in shares of IDACORP by 12.6% in the second quarter. American Century Companies Inc. now owns 18,035 shares of the energy company’s stock worth $2,082,000 after acquiring an additional 2,016 shares during the period. Finally, Invesco Ltd. raised its position in shares of IDACORP by 5.7% in the second quarter. Invesco Ltd. now owns 247,190 shares of the energy company’s stock worth $28,538,000 after acquiring an additional 13,297 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

IDACORP Stock Down 0.3%

IDA stock opened at $137.67 on Friday. IDACORP, Inc. has a 52 week low of $122.30 and a 52 week high of $154.91. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. The firm has a 50-day simple moving average of $145.68 and a 200-day simple moving average of $143.56. The stock has a market capitalization of $7.96 billion, a P/E ratio of 22.79, a P/E/G ratio of 2.38 and a beta of 0.48.

IDACORP (NYSE:IDA) last issued its quarterly earnings results 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. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. The firm had revenue of $469.80 million for the quarter, compared to analyst estimates of $511.87 million. During the same period last year, the company posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Equities analysts forecast that IDACORP, Inc. will post 6.38 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.6%. IDACORP’s dividend payout ratio is presently 58.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of IDACORP from $156.00 to $151.00 and set an “overweight” rating on the stock in a research note on Friday, August 21st. Mizuho set a $157.00 price target on IDACORP in a report on Friday, May 1st. Wall Street Zen upgraded IDACORP from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a report on Monday, August 3rd. Finally, Wells Fargo & Company boosted their price objective on IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $153.86.

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.