Energy Income Partners LLC Takes Position in IDACORP, Inc. $IDA

Key Points

• Energy Income Partners acquired 400,649 IDACORP shares worth approximately $60.6 million, giving it a 0.69% stake. Institutional investors collectively own 89.1% of the utility company.
• IDACORP reported quarterly EPS of $1.79, narrowly beating estimates, while revenue of $469.8 million fell short of expectations. The company reaffirmed fiscal 2026 EPS guidance of $6.30–$6.45.
• IDACORP declared a quarterly dividend of $0.88 per share, equivalent to $3.52 annually and a 2.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $154.57.

Energy Income Partners LLC acquired a new stake in shares of IDACORP, Inc. (NYSE:IDA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 400,649 shares of the energy company's stock, valued at approximately $60,618,000. Energy Income Partners LLC owned 0.69% of IDACORP at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IDA. AssuredPartners Investment Advisors LLC raised its holdings in IDACORP by 5.1% during the 4th quarter. AssuredPartners Investment Advisors LLC now owns 1,653 shares of the energy company's stock valued at $209,000 after acquiring an additional 80 shares during the period. Harbour Investments Inc. boosted its position in shares of IDACORP by 48.0% during the 4th quarter. Harbour Investments Inc. now owns 302 shares of the energy company's stock valued at $38,000 after acquiring an additional 98 shares during the last quarter. Sanctuary Advisors LLC grew its stake in IDACORP by 1.6% in the 1st quarter. Sanctuary Advisors LLC now owns 6,482 shares of the energy company's stock worth $927,000 after buying an additional 103 shares in the last quarter. Quadrant Capital Group LLC grew its position in IDACORP by 1.9% in the third quarter. Quadrant Capital Group LLC now owns 5,738 shares of the energy company's stock worth $758,000 after acquiring an additional 106 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of IDACORP by 0.9% during the 4th quarter. Advisors Asset Management Inc. now owns 11,668 shares of the energy company's stock valued at $1,477,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 89.10% of the company's stock.

IDACORP Stock Up 0.5%

IDA opened at $142.19 on Wednesday. The firm has a 50 day moving average price of $146.20 and a 200-day moving average price of $143.31. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.46 and a beta of 0.48. 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, Inc. has a twelve month low of $122.30 and a twelve month high of $154.91.

IDACORP (NYSE:IDA - Get Free Report) last released 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 firm had revenue of $469.80 million for the quarter, compared to the consensus estimate of $511.87 million. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.During the same period last year, the business posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Equities research analysts forecast that IDACORP, Inc. will post 6.39 earnings per share for the current year.

IDACORP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 5th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. IDACORP's dividend payout ratio is presently 58.28%.

Insider Buying and Selling 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 shares were sold at an average price of $140.95, for a total value of $211,425.00. Following the transaction, the vice president owned 2,138 shares in the company, valued at $301,351.10. This represents a 41.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Mizuho set a $157.00 target price on shares of IDACORP in a report on Friday, May 1st. BTIG Research reaffirmed a "buy" rating and issued a $160.00 price target on shares of IDACORP in a research note on Thursday, July 23rd. 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 research report on Friday, July 31st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of IDACORP in a research report on Monday, August 3rd. Finally, Barclays cut their price target on 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $154.57.

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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