Deutsche Bank AG Makes New Investment in IDACORP, Inc. $IDA

Deutsche Bank AG purchased a new position in IDACORP, Inc. (NYSE:IDA - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 117,412 shares of the energy company's stock, valued at approximately $17,764,000. Deutsche Bank AG owned 0.20% of IDACORP at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Torren Management LLC acquired a new position in shares of IDACORP in the 4th quarter worth 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 raised 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 valued at $29,000 after buying an additional 189 shares during the period. Trust Co. of Vermont purchased a new stake in shares of IDACORP in the second quarter worth approximately $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in IDACORP in the 3rd quarter worth approximately $34,000. 89.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IDA has been the topic of several recent research reports. Mizuho set a $157.00 target price on IDACORP in a report on Friday, May 1st. Morgan Stanley reduced their price objective on IDACORP from $156.00 to $151.00 and set an "overweight" rating for the company in a research report on Friday. Weiss Ratings reissued a "buy (b)" rating on shares of IDACORP in a research report on Monday, August 3rd. Wells Fargo & Company lifted their price objective on IDACORP from $154.00 to $155.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of IDACORP from a "sell" rating to a "hold" rating in a research report on Sunday, August 2nd. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.86.

IDACORP Trading Down 1.9%

Shares of NYSE:IDA opened at $137.42 on Friday. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 2.37 and a beta of 0.48. IDACORP, Inc. has a 12 month low of $122.30 and a 12 month high of $154.91. The company's fifty day simple moving average is $146.04 and its 200 day simple moving average is $143.38. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97.

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 analysts' consensus estimates of $1.78 by $0.01. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. The firm had revenue of $469.80 million during the quarter, compared to analyst estimates 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. As a group, research analysts forecast that IDACORP, Inc. will post 6.38 EPS for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 5th will be issued a $0.88 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.6%. IDACORP's dividend payout ratio (DPR) is 58.28%.

Key Stories Impacting IDACORP

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

Insider Transactions at IDACORP

In other news, VP James Bo D. Hanchey sold 1,500 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $140.95, for a total value of $211,425.00. Following the completion of the sale, the vice president owned 2,138 shares of the company's stock, valued at approximately $301,351.10. This represents a 41.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company's stock.

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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