Leeward Investments LLC MA Sells 4,491 Shares of IDACORP, Inc. $IDA

Leeward Investments LLC MA cut its holdings in shares of IDACORP, Inc. (NYSE:IDA) by 2.7% during the first quarter, Holdings Channel.com reports. The firm owned 162,960 shares of the energy company’s stock after selling 4,491 shares during the period. IDACORP makes up 1.1% of Leeward Investments LLC MA’s holdings, making the stock its 18th biggest holding. Leeward Investments LLC MA’s holdings in IDACORP were worth $23,298,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IDA. Torren Management LLC purchased a new position in IDACORP during the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of IDACORP by 630.0% during 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 bought a new stake in IDACORP during the third quarter valued at about $34,000. Los Angeles Capital Management LLC purchased a new position in IDACORP in the fourth quarter valued at about $35,000. Finally, Smartleaf Asset Management LLC grew its stake in IDACORP by 62.0% in the second quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock valued at $36,000 after purchasing an additional 119 shares during the last quarter. 89.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen raised shares of IDACORP from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 12th. Weiss Ratings raised shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Morgan Stanley set a $147.00 price objective on shares of IDACORP in a research note on Thursday, May 21st. Barclays increased their target price on shares of IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Mizuho set a $157.00 target price on shares of IDACORP in a research note on Friday, May 1st. Six 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.57.

IDACORP Trading Up 1.8%

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

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

IDACORP Dividend Announcement

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

Insider Transactions 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 transaction of $211,425.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

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.