IDACORP, Inc. $IDA Stock Holdings Cut by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its position in shares of IDACORP, Inc. (NYSE:IDA) by 5.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150,494 shares of the energy company’s stock after selling 9,062 shares during the quarter. Leeward Investments LLC MA’s holdings in IDACORP were worth $19,674,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in IDACORP in the second quarter worth $1,033,914,000. Jennison Associates LLC boosted its position in shares of IDACORP by 0.9% during the first quarter. Jennison Associates LLC now owns 1,497,342 shares of the energy company’s stock worth $214,075,000 after purchasing an additional 13,694 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of IDACORP in the 2nd quarter valued at $72,143,000. Energy Income Partners LLC acquired a new position in shares of IDACORP in the 2nd quarter valued at $60,618,000. Finally, Bank of America Corp DE acquired a new position in shares of IDACORP in the 2nd quarter valued at $54,985,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on IDA shares. BTIG Research set a $153.00 price objective on shares of IDACORP in a research report on Tuesday, October 20th. Morgan Stanley lifted their target price on IDACORP from $143.00 to $144.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays reduced their target price on IDACORP from $162.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. Wall Street Zen raised IDACORP from a “sell” rating to a “hold” rating in a research note on Sunday, September 6th. Finally, Wells Fargo & Company increased their price target on IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $150.00.

IDACORP Stock Performance

Shares of IDA stock opened at $140.78 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 0.99. The company has a market capitalization of $8.14 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 2.44 and a beta of 0.48. The company’s 50 day moving average price is $135.26 and its two-hundred day moving average price is $141.52. IDACORP, Inc. has a 52 week low of $124.12 and a 52 week high of $154.91.

IDACORP (NYSE:IDA) last announced 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. The firm had revenue of $469.80 million for the quarter, compared to analyst estimates of $511.87 million. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. During the same quarter in the previous year, the firm posted $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, analysts expect that IDACORP, Inc. will post 6.39 earnings per share for the current fiscal year.

IDACORP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 5th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $3.60 annualized dividend and a yield of 2.6%. This is an increase from IDACORP’s previous quarterly dividend of $0.88. IDACORP’s payout ratio is presently 58.28%.

IDACORP Company Profile

IDACORP, Inc is a holding company whose principal subsidiary, Idaho Power Company, is a regulated electric utility. Idaho Power generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.

Idaho Power serves customers across southern Idaho and eastern Oregon. Its power supply includes a substantial hydroelectric system, along with energy from thermal, wind, solar and other resources. The company also operates and maintains the transmission and distribution infrastructure needed to deliver electricity throughout its service area.

Idaho Power traces its history to 1916, when it was established to provide electric service in Idaho.