IDACORP (NYSE:IDA) VP Sells $211,425.00 in Stock

IDACORP, Inc. (NYSE:IDA) VP James Bo Hanchey sold 1,500 shares of IDACORP 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 completion of the transaction, the vice president owned 2,138 shares in the company, valued at approximately $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 link.

IDACORP Trading Up 0.3%

NYSE IDA opened at $136.91 on Thursday. 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 firm has a market cap of $7.59 billion, a PE ratio of 22.78, a P/E/G ratio of 2.72 and a beta of 0.49. IDACORP, Inc. has a one year low of $111.12 and a one year high of $149.73. The firm’s fifty day moving average is $143.33 and its two-hundred day moving average is $136.84.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company 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 in the previous year, the business posted $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Analysts expect that IDACORP, Inc. will post 6.39 earnings per share for the current year.

IDACORP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 5th were paid a $0.88 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. IDACORP’s payout ratio is currently 58.57%.

Institutional Trading of IDACORP

Institutional investors have recently added to or reduced their stakes in the stock. Torren Management LLC purchased a new stake in IDACORP during the fourth quarter worth about $25,000. Western Wealth Management LLC purchased a new stake in IDACORP during the first quarter worth about $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in IDACORP by 630.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after buying an additional 189 shares in the last quarter. Summit Securities Group LLC purchased a new stake in IDACORP during the first quarter worth about $37,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in IDACORP during the third quarter worth about $34,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IDA. Morgan Stanley set a $147.00 target price on shares of IDACORP in a report on Thursday, May 21st. UBS Group lifted their target price on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Weiss Ratings raised shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Mizuho set a $157.00 target price on shares of IDACORP in a report on Friday, May 1st. Finally, Wall Street Zen raised shares of IDACORP from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.57.

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.