Corient Private Wealth LP Buys Shares of 9,885 IDACORP, Inc. $IDA

Key Points

• Corient Private Wealth acquired 9,885 IDACORP shares worth approximately $1.5 million in the second quarter. Institutional investors collectively own 89.1% of the utility company.
• Analysts remain broadly positive, with six Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $153.86.
• IDACORP slightly exceeded quarterly EPS expectations and reaffirmed fiscal 2026 guidance of $6.30–$6.45 per share. The company pays a quarterly dividend of $0.88, equivalent to a 2.6% annualized yield.

Corient Private Wealth LP bought a new position in shares of IDACORP, Inc. (NYSE:IDA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,885 shares of the energy company's stock, valued at approximately $1,496,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Osterweis Capital Management Inc. acquired a new stake in shares of IDACORP in the second quarter valued at approximately $25,000. Western Wealth Management LLC acquired a new stake in IDACORP during the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd increased its position in IDACORP by 630.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company's stock worth $29,000 after buying an additional 189 shares in the last quarter. Trust Co. of Vermont purchased a new position in IDACORP during the second quarter worth $30,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of IDACORP in the second quarter worth $33,000. Hedge funds and other institutional investors own 89.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. BTIG Research restated a "buy" rating and issued a $160.00 price objective on shares of IDACORP in a research report on Thursday, July 23rd. Wells Fargo & Company boosted their target price 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. Weiss Ratings restated a "buy (b)" rating on shares of IDACORP in a report on Monday, August 3rd. Morgan Stanley reduced their target price on shares of IDACORP from $156.00 to $151.00 and set an "overweight" rating on the stock in a report on Friday, August 21st. Finally, Barclays decreased their price target on shares of IDACORP from $167.00 to $162.00 and set an "overweight" rating on the stock in a research note on Monday, August 3rd. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $153.86.

IDACORP Trading Up 0.7%

NYSE:IDA opened at $136.11 on Friday. The business's 50-day moving average is $144.74 and its two-hundred day moving average is $143.44. The firm has a market capitalization of $7.87 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.33 and a beta of 0.47. IDACORP, Inc. has a 12 month low of $122.30 and a 12 month high of $154.91. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.75.

IDACORP (NYSE:IDA - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.01. The business had revenue of $469.80 million during the quarter, compared to analyst estimates of $511.87 million. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. During the same quarter in the previous year, the firm earned $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Research analysts predict that IDACORP, Inc. will post 6.38 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 5th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $3.52 annualized dividend and a yield of 2.6%. IDACORP's dividend payout ratio (DPR) is currently 58.28%.

About IDACORP

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.

Want to see what other hedge funds are holding IDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDACORP, Inc. (NYSE:IDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source