BlackRock Inc. acquired a new stake in IDACORP, Inc. (NYSE:IDA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,833,539 shares of the energy company's stock, valued at approximately $1,033,914,000. BlackRock Inc. owned about 11.81% of IDACORP at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of IDA. Torren Management LLC purchased a new position in IDACORP in the fourth quarter worth approximately $25,000. Western Wealth Management LLC purchased a new stake in IDACORP in the first quarter valued at $29,000. Trust Co. of Vermont purchased a new stake in IDACORP in the second quarter valued at $30,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company's stock valued at $29,000 after purchasing an additional 189 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of IDACORP in the 1st quarter valued at $37,000. 89.10% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at IDACORP
In related 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 completion of the transaction, the vice president directly owned 2,138 shares of the company's stock, valued at $301,351.10. This represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.33% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. BTIG Research reaffirmed a "buy" rating and issued a $160.00 target price on shares of IDACORP in a research report on Thursday, July 23rd. Mizuho set a $157.00 price target on shares of IDACORP in a research report on Friday, May 1st. Wells Fargo & Company boosted their price target on shares of IDACORP from $154.00 to $155.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. Morgan Stanley decreased their price objective on shares of IDACORP from $156.00 to $151.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of IDACORP in a research report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $153.86.
Read Our Latest Report on IDA
Key IDACORP News
Here are the key news stories impacting IDACORP this week:
- Positive Sentiment: Zacks raised its IDACORP EPS forecasts for Q4 2026 to $0.85 from $0.81, Q2 2027 to $2.04 from $1.92, Q3 2027 to $2.79 from $2.68, FY2027 to $6.93 from $6.91, and FY2028 to $7.66 from $7.52. The upgrades suggest expectations for improving earnings growth beyond the current year. IDACORP Zacks Research earnings estimates
- Neutral Sentiment: Zacks’ FY2026 EPS forecast is now $6.40, down slightly from $6.43 but broadly in line with the current consensus estimate of $6.39. The revisions do not materially change the company’s near-term earnings outlook. IDACORP earnings forecast update
- Negative Sentiment: Zacks cut its Q1 2028 EPS estimate to $1.16 from $1.37 and its Q2 2028 estimate to $2.03 from $2.06. These reductions point to weaker expectations for portions of 2028 and may be contributing to the cautious market reaction despite the longer-term upgrades. IDACORP future EPS estimate reductions
IDACORP Stock Down 1.9%
IDACORP stock opened at $137.42 on Friday. IDACORP, Inc. has a fifty-two week low of $122.30 and a fifty-two week high of $154.91. 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 $7.95 billion, a P/E ratio of 22.75, a PEG ratio of 2.42 and a beta of 0.48. The stock has a 50-day simple moving average of $146.04 and a 200-day simple moving average of $143.38.
IDACORP (NYSE:IDA - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate 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. Equities research analysts expect that IDACORP, Inc. will post 6.38 earnings per share for the current year.
IDACORP Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, August 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. IDACORP's dividend payout ratio is presently 58.28%.
About IDACORP
(
Free Report)
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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