IDACORP, Inc. $IDA Stock: Leeward Investments LLC MA Decreases Holdings

Key Points

• Leeward Investments reduced its IDACORP stake by 5.7% in the third quarter, selling 9,062 shares and retaining 150,494 shares valued at approximately $19.7 million. Institutional investors collectively own 89.1% of the company.
• IDACORP reported quarterly earnings of $1.79 per share, narrowly exceeding analyst expectations, though revenue of $469.8 million fell below estimates. The company maintained fiscal 2026 EPS guidance of $6.30–$6.45.
• IDACORP raised its quarterly dividend to $0.90 per share, equivalent to a $3.60 annual dividend and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $150.

Leeward Investments LLC MA lessened its holdings in IDACORP, Inc. (NYSE:IDA - Free Report) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,494 shares of the energy company's stock after selling 9,062 shares during the quarter. Leeward Investments LLC MA owned 0.26% of IDACORP worth $19,674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IDA. BlackRock Inc. bought a new position in shares of IDACORP during the 2nd quarter worth about $1,033,914,000. Jennison Associates LLC increased its stake in IDACORP by 0.9% in the first quarter. Jennison Associates LLC now owns 1,497,342 shares of the energy company's stock valued at $214,075,000 after acquiring an additional 13,694 shares during the period. Bank of New York Mellon Corp bought a new stake in IDACORP in the second quarter valued at about $72,143,000. Energy Income Partners LLC bought a new stake in IDACORP in the second quarter valued at about $60,618,000. Finally, Bank of America Corp DE bought a new stake in IDACORP in the second quarter valued at about $54,985,000. Institutional investors own 89.10% of the company's stock.

IDACORP Stock Up 0.1%

Shares of NYSE:IDA opened at $140.78 on Monday. 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. The company's 50-day moving average price is $135.26 and its two-hundred day moving average price is $141.52. The firm has a market cap of $8.14 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.44 and a beta of 0.48.

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 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 business had revenue of $469.80 million during the quarter, compared to analyst estimates of $511.87 million. During the same quarter last year, the business posted $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, research analysts forecast that IDACORP, Inc. will post 6.39 EPS for the current fiscal year.

IDACORP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 5th will be issued a $0.90 dividend. This is a positive change from IDACORP's previous quarterly dividend of $0.88. This represents a $3.60 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, November 5th. IDACORP's dividend payout ratio (DPR) is 58.28%.

Analysts Set New Price Targets

IDA has been the subject of several recent research reports. Barclays dropped their price target on shares of IDACORP from $162.00 to $149.00 and set an "overweight" rating for the company in a research report on Friday, October 9th. Wall Street Zen raised IDACORP from a "sell" rating to a "hold" rating in a report on Sunday, September 6th. Wells Fargo & Company upped their price objective on 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 reiterated a "buy (b)" rating on shares of IDACORP in a research note on Monday, August 3rd. Finally, Morgan Stanley increased their target price on IDACORP from $143.00 to $144.00 and gave the stock an "overweight" rating in a report on Wednesday. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, IDACORP currently has a consensus rating of "Moderate Buy" and an average price target of $150.00.

IDACORP Company Profile

IDACORP, Inc is a holding company whose principal subsidiary, Idaho Power Company, is a regulated electric utility. Idaho Power generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.

Idaho Power serves customers across southern Idaho and eastern Oregon. Its power supply includes a substantial hydroelectric system, along with energy from thermal, wind, solar and other resources. The company also operates and maintains the transmission and distribution infrastructure needed to deliver electricity throughout its service area.

Idaho Power traces its history to 1916, when it was established to provide electric service in Idaho.

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