11,044 Shares in IDACORP, Inc. $IDA Purchased by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management acquired 11,044 IDACORP shares worth approximately $1.67 million, while institutional investors overall own 89.1% of the company.
• IDACORP reported quarterly EPS of $1.79, slightly exceeding analyst expectations, but revenue of $469.8 million fell short of the $511.9 million consensus estimate. The company reaffirmed fiscal 2026 EPS guidance of $6.30–$6.45.
• IDACORP declared a quarterly dividend of $0.88 per share, equivalent to an annualized $3.52 payout and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $154.57.

Oppenheimer Asset Management Inc. acquired a new position in IDACORP, Inc. (NYSE:IDA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,044 shares of the energy company's stock, valued at approximately $1,671,000.

Several other large investors have also modified their holdings of the business. Morgan Stanley raised its holdings in shares of IDACORP by 9.9% in the fourth quarter. Morgan Stanley now owns 2,103,940 shares of the energy company's stock worth $266,275,000 after buying an additional 188,845 shares during the period. State Street Corp boosted its holdings in IDACORP by 0.6% during the 4th quarter. State Street Corp now owns 1,887,948 shares of the energy company's stock valued at $238,939,000 after acquiring an additional 11,403 shares during the period. Reaves W H & Co. Inc. boosted its holdings in IDACORP by 6.3% during the 4th quarter. Reaves W H & Co. Inc. now owns 1,807,811 shares of the energy company's stock valued at $228,797,000 after acquiring an additional 107,131 shares during the period. Jennison Associates LLC grew its position in IDACORP by 0.9% in the 1st quarter. Jennison Associates LLC now owns 1,497,342 shares of the energy company's stock valued at $214,075,000 after acquiring an additional 13,694 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in IDACORP by 1.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,404,847 shares of the energy company's stock valued at $162,190,000 after acquiring an additional 13,283 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company's stock.

Insiders Place Their Bets

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of the stock in a transaction dated 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 directly owned 2,138 shares in the company, valued at $301,351.10. This represents a 41.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by company insiders.

IDACORP Trading Down 0.1%

IDA opened at $142.53 on Monday. 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 stock's fifty day moving average is $146.09 and its two-hundred day moving average is $143.19. The company has a market capitalization of $8.24 billion, a P/E ratio of 23.60, a PEG ratio of 2.46 and a beta of 0.48. IDACORP, Inc. has a 52 week low of $122.30 and a 52 week high of $154.91.

IDACORP (NYSE:IDA - Get Free Report) last issued its earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.01. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.The business had revenue of $469.80 million during the quarter, compared to analysts' expectations of $511.87 million. During the same period in the prior year, the business earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Analysts forecast 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 will be paid on Monday, August 31st. Investors of record on Wednesday, August 5th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. IDACORP's dividend payout ratio is 58.28%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IDA. BTIG Research reiterated a "buy" rating and set a $160.00 target price on shares of IDACORP in a research report on Thursday, July 23rd. Mizuho set a $157.00 target price on shares of IDACORP in a research note on Friday, May 1st. Barclays cut their price target on shares of IDACORP from $167.00 to $162.00 and set an "overweight" rating on the stock in a report on Monday, August 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of IDACORP in a research note on Monday, August 3rd. Finally, Morgan Stanley reiterated an "overweight" rating and set a $156.00 price objective on shares of IDACORP in a report on Wednesday, July 22nd. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $154.57.

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.

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