Universal Beteiligungs und Servicegesellschaft mbH Has $9.93 Million Holdings in IDACORP, Inc. $IDA

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in IDACORP, Inc. (NYSE:IDA) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,101 shares of the energy company’s stock after buying an additional 7,202 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in IDACORP were worth $9,925,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IDA. Parkside Financial Bank & Trust increased its holdings in shares of IDACORP by 33.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 382 shares of the energy company’s stock worth $44,000 after acquiring an additional 96 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of IDACORP by 13.4% in the second quarter. GAMMA Investing LLC now owns 836 shares of the energy company’s stock valued at $97,000 after purchasing an additional 99 shares during the last quarter. Securian Asset Management Inc. increased its holdings in shares of IDACORP by 2.5% in the second quarter. Securian Asset Management Inc. now owns 4,127 shares of the energy company’s stock valued at $476,000 after purchasing an additional 100 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of IDACORP by 2.2% in the third quarter. D.A. Davidson & CO. now owns 5,106 shares of the energy company’s stock valued at $675,000 after purchasing an additional 111 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of IDACORP by 62.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock worth $36,000 after buying an additional 119 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IDA has been the topic of a number of research reports. Barclays assumed coverage on shares of IDACORP in a research note on Wednesday, January 14th. They issued an “overweight” rating and a $144.00 price target on the stock. Mizuho increased their target price on IDACORP from $129.00 to $144.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of IDACORP in a research note on Thursday. Wells Fargo & Company lowered IDACORP from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $129.00 to $118.00 in a report on Tuesday. Finally, UBS Group dropped their target price on IDACORP from $135.00 to $129.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, IDACORP has a consensus rating of “Moderate Buy” and an average target price of $138.11.

IDACORP Stock Performance

NYSE:IDA opened at $132.02 on Friday. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 2.57 and a beta of 0.61. IDACORP, Inc. has a fifty-two week low of $107.64 and a fifty-two week high of $138.03. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.82 and a current ratio of 1.09. The stock has a fifty day moving average price of $128.45 and a 200-day moving average price of $127.79.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, October 30th. The energy company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.03. IDACORP had a net margin of 17.59% and a return on equity of 9.35%. The business had revenue of $524.42 million during the quarter, compared to analysts’ expectations of $663.09 million. During the same quarter in the prior year, the business posted $2.12 earnings per share. IDACORP has set its FY 2025 guidance at 5.800-5.900 EPS. As a group, equities analysts anticipate that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 5th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 5th. IDACORP’s dividend payout ratio (DPR) is 60.48%.

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.