HighTower Advisors LLC Decreases Stake in IDACORP, Inc. $IDA

Key Points

• HighTower Advisors reduced its IDACORP stake by 37.6% in the second quarter, selling 10,562 shares and retaining 17,548 shares valued at approximately $2.66 million. Institutional investors and hedge funds collectively own 89.1% of the company.
• IDACORP reported quarterly EPS of $1.79, slightly exceeding analyst expectations, although revenue of $469.8 million fell short of estimates. The company maintained fiscal 2026 EPS guidance of $6.30–$6.45.
• The utility pays a quarterly dividend of $0.88 per share, equivalent to an annualized $3.52 dividend and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $153.86.

HighTower Advisors LLC cut its stake in IDACORP, Inc. (NYSE:IDA - Free Report) by 37.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,548 shares of the energy company's stock after selling 10,562 shares during the period. HighTower Advisors LLC's holdings in IDACORP were worth $2,655,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of IDA. Osterweis Capital Management Inc. acquired a new position in IDACORP during the 2nd quarter valued at approximately $25,000. Western Wealth Management LLC acquired a new stake in shares of IDACORP during the first quarter worth $29,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 last quarter. Trust Co. of Vermont purchased a new stake in shares of IDACORP during the second quarter valued at $30,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of IDACORP during the second quarter valued at $33,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

IDACORP Stock Up 0.3%

NYSE:IDA opened at $135.82 on Friday. The firm has a market capitalization of $7.86 billion, a P/E ratio of 22.49, a PEG ratio of 2.34 and a beta of 0.47. IDACORP, Inc. has a 1-year low of $124.12 and a 1-year high of $154.91. The company's fifty day moving average price is $142.80 and its 200-day moving average price is $143.21. 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 posted its earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share (EPS) for the quarter, beating 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 company had revenue of $469.80 million during the quarter, compared to the consensus estimate of $511.87 million. During the same period in the previous year, the firm posted $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, equities research analysts anticipate that IDACORP, Inc. will post 6.38 EPS for the current year.

IDACORP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th were paid a dividend of $0.88 per share. The ex-dividend date was 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 presently 58.28%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a "buy (b)" rating on shares of IDACORP in a research note on Monday, August 3rd. BTIG Research reiterated a "buy" rating and set a $160.00 price target on shares of IDACORP in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their price target on IDACORP from $154.00 to $155.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. Wall Street Zen raised IDACORP from a "sell" rating to a "hold" rating in a report on Sunday, September 6th. Finally, Barclays reduced their price objective on IDACORP from $167.00 to $162.00 and set an "overweight" rating for the company in a research note on Monday, August 3rd. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $153.86.

About IDACORP

IDACORP, Inc is a holding company headquartered in Boise, Idaho. Through its principal subsidiary, Idaho Power Company, it operates as a regulated electric utility serving customers across southern Idaho and eastern Oregon.

Idaho Power's activities include the generation, transmission, distribution and sale of electricity to residential, commercial, industrial and agricultural customers. The company operates a diverse generation portfolio that includes hydroelectric, natural gas, coal and renewable energy resources, supported by transmission and distribution infrastructure.

Idaho Power was established in 1916 and has played a longstanding role in developing and supplying electricity throughout its service territory.

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