IDACORP, Inc. $IDA Holdings Lifted by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its IDACORP stake by 14,200.9% in the second quarter, adding 9.63 million shares and bringing its ownership to approximately 16.76%, valued at $1.47 billion.
• IDACORP reported quarterly EPS of $1.79, slightly exceeding estimates, though revenue of $469.8 million fell short of expectations. The company reaffirmed fiscal 2026 EPS guidance of $6.30–$6.45.
• The company pays a quarterly dividend of $0.88 per share, equivalent to a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $153.86, compared with a recent share price of $135.82.

California State Teachers Retirement System boosted its holdings in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 14,200.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,695,153 shares of the energy company's stock after buying an additional 9,627,359 shares during the period. California State Teachers Retirement System owned approximately 16.76% of IDACORP worth $1,466,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. HB Wealth Management LLC increased its stake in shares of IDACORP by 119.8% in the second quarter. HB Wealth Management LLC now owns 5,782 shares of the energy company's stock worth $875,000 after acquiring an additional 3,152 shares during the last quarter. AlphaGrep UK Ltd acquired a new position in IDACORP in the second quarter worth approximately $239,000. Syon Capital LLC raised its position in IDACORP by 9.1% during the second quarter. Syon Capital LLC now owns 2,200 shares of the energy company's stock valued at $333,000 after acquiring an additional 183 shares in the last quarter. AXQ Capital LP acquired a new stake in IDACORP in the second quarter valued at approximately $883,000. Finally, Teza Capital Management LLC bought a new stake in IDACORP in the second quarter worth approximately $399,000. 89.10% of the stock is owned by hedge funds and other institutional investors.

IDACORP Trading Up 0.3%

Shares of IDA opened at $135.82 on Friday. The stock's fifty day simple moving average is $142.80 and its 200-day simple moving average is $143.21. The firm has a market capitalization of $7.86 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.34 and a beta of 0.47. IDACORP, Inc. has a 12-month low of $124.12 and a 12-month high of $154.91. 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 quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.01. The firm had revenue of $469.80 million during the quarter, compared to analysts' expectations of $511.87 million. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.During the same period in the previous year, the business posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, research analysts predict that IDACORP, Inc. will post 6.38 earnings per share for the current year.

IDACORP Dividend Announcement

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

Wall Street Analyst Weigh In

IDA has been the topic of a number of recent research reports. Wells Fargo & Company raised their price target on shares of IDACORP from $154.00 to $155.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Wall Street Zen raised shares of IDACORP from a "sell" rating to a "hold" rating in a research report on Sunday, September 6th. BTIG Research restated a "buy" rating and set a $160.00 target price on shares of IDACORP in a report on Thursday, July 23rd. Morgan Stanley reduced their price target on IDACORP from $156.00 to $151.00 and set an "overweight" rating for the company in a research report on Friday, August 21st. Finally, Barclays decreased their price target 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 investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $153.86.

IDACORP Profile

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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