15,355 IDACORP, Inc. $IDA Shares Bought by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue increased its IDACORP stake by 34.4% in the third quarter, acquiring 15,355 shares and bringing its holdings to 59,990 shares valued at approximately $7.84 million. Institutional investors collectively own 89.1% of the company.
• IDACORP reported quarterly earnings of $1.79 per share, narrowly exceeding estimates, while revenue of $469.8 million fell short of expectations. The company issued fiscal 2026 EPS guidance of $6.30–$6.45.
• The company raised its quarterly dividend from $0.88 to $0.90 per share, representing an annualized dividend of $3.60 and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $150.86.

State of Alaska Department of Revenue boosted its stake in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 34.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,990 shares of the energy company's stock after buying an additional 15,355 shares during the period. State of Alaska Department of Revenue owned 0.10% of IDACORP worth $7,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of IDA. Osterweis Capital Management Inc. purchased a new position in shares of IDACORP in the 2nd quarter valued at $25,000. Western Wealth Management LLC bought a new position in shares of IDACORP in the 1st quarter worth $29,000. Trust Co. of Vermont purchased a new stake in shares of IDACORP during the 2nd quarter worth $30,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of IDACORP during the 2nd quarter worth $33,000. Finally, Summit Securities Group LLC purchased a new stake in shares of IDACORP during the 1st quarter worth $37,000. Hedge funds and other institutional investors own 89.10% of the company's stock.

IDACORP Stock Performance

Shares of IDA stock opened at $136.60 on Friday. The business's fifty day simple moving average is $135.53 and its 200-day simple moving average is $141.72. The company has a market cap of $7.90 billion, a PE ratio of 22.62, a PEG ratio of 2.37 and a beta of 0.48. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. IDACORP, Inc. has a 12-month low of $124.12 and a 12-month high of $154.91.

IDACORP (NYSE:IDA - Get Free Report) last announced 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 firm had revenue of $469.80 million for the quarter, compared to the consensus estimate of $511.87 million. During the same period in the previous year, the business earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Analysts expect that IDACORP, Inc. will post 6.39 earnings per share for the current fiscal year.

IDACORP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 5th will be issued a $0.90 dividend. This is a boost from IDACORP's previous quarterly dividend of $0.88. This represents a $3.60 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 5th. IDACORP's dividend payout ratio is 58.28%.

Analyst Upgrades and Downgrades

IDA has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on IDACORP from $154.00 to $155.00 and gave the company an "equal weight" rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of IDACORP from a "sell" rating to a "hold" rating in a report on Sunday, September 6th. Weiss Ratings reissued a "buy (b)" rating on shares of IDACORP in a research report on Monday, August 3rd. Morgan Stanley decreased their price target on shares of IDACORP from $151.00 to $143.00 and set an "overweight" rating for the company in a research report on Friday, September 18th. Finally, Barclays lowered their price target on shares of IDACORP from $162.00 to $149.00 and set an "overweight" rating on the stock in a report on Friday, October 9th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $150.86.

IDACORP Profile

IDACORP, Inc NYSE: IDA is an energy holding company headquartered in Boise, Idaho. Its principal subsidiary, Idaho Power Company, is a regulated electric utility that generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.

Idaho Power serves a broad territory covering southern Idaho and eastern Oregon. Its electricity supply portfolio includes hydroelectric generation, natural gas and other thermal resources, as well as power purchased from renewable and other third-party sources.

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