Allspring Global Investments Holdings LLC Has $214,000 Stock Position in IDACORP, Inc. $IDA

Key Points

• Allspring Global Investments cut its stake in IDACORP by 94.4% in Q4, selling 28,693 shares and leaving a holding of 1,709 shares valued at $214,000 per its SEC filing.
• IDACORP beat quarterly EPS ($0.78 vs. $0.74) but missed revenue, issued FY 2026 guidance of 6.250–6.450 EPS, and pays a $0.88 quarterly dividend (annualized $3.52, yield 2.4%, DPR 59.66%).
• Institutional investors own about 89.1% of the stock with several large funds (Goldman, UBS, Invesco) increasing positions recently, and analysts hold a consensus Moderate Buy with an average price target of $144.25.

Allspring Global Investments Holdings LLC lessened its stake in IDACORP, Inc. (NYSE:IDA - Free Report) by 94.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,709 shares of the energy company's stock after selling 28,693 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in IDACORP were worth $214,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of IDACORP by 79.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company's stock worth $690,000 after buying an additional 2,625 shares during the period. Goldman Sachs Group Inc. grew its position in shares of IDACORP by 6.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company's stock worth $39,805,000 after buying an additional 21,890 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of IDACORP by 8.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company's stock worth $16,698,000 after buying an additional 10,855 shares during the period. American Century Companies Inc. grew its position in shares of IDACORP by 12.6% during the 2nd quarter. American Century Companies Inc. now owns 18,035 shares of the energy company's stock worth $2,082,000 after buying an additional 2,016 shares during the period. Finally, Invesco Ltd. grew its position in shares of IDACORP by 5.7% during the 2nd quarter. Invesco Ltd. now owns 247,190 shares of the energy company's stock worth $28,538,000 after buying an additional 13,297 shares during the period. Institutional investors and hedge funds own 89.10% of the company's stock.

IDACORP Stock Performance

Shares of IDACORP stock opened at $144.63 on Tuesday. The company has a market capitalization of $7.95 billion, a PE ratio of 24.51, a PEG ratio of 2.94 and a beta of 0.54. IDACORP, Inc. has a 12 month low of $108.15 and a 12 month high of $149.73. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93. The stock's fifty day simple moving average is $141.40 and its 200 day simple moving average is $134.22.

IDACORP (NYSE:IDA - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. IDACORP had a return on equity of 9.36% and a net margin of 17.84%.The firm had revenue of $405.24 million for the quarter, compared to the consensus estimate of $533.06 million. During the same quarter last year, the business posted $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, research analysts predict that IDACORP, Inc. will post 5.81 EPS for the current year.

IDACORP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. IDACORP's dividend payout ratio (DPR) is currently 59.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IDA shares. Wall Street Zen lowered IDACORP from a "hold" rating to a "sell" rating in a research report on Sunday, February 22nd. Mizuho raised their price objective on IDACORP from $141.00 to $148.00 and gave the stock an "outperform" rating in a research note on Friday, February 20th. Morgan Stanley set a $155.00 price objective on IDACORP in a research note on Friday, February 20th. Jefferies Financial Group dropped their price objective on IDACORP from $152.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, January 28th. Finally, BTIG Research reaffirmed a "buy" rating and set a $156.00 price objective on shares of IDACORP in a research note on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, IDACORP presently has a consensus rating of "Moderate Buy" and an average price target of $144.25.

Insider Activity

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of IDACORP stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $142.79, for a total value of $142,790.00. Following the sale, the vice president owned 2,313 shares of the company's stock, valued at $330,273.27. This trade represents a 30.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

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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