Jupiter Topco LLC Purchases New Position in IDACORP, Inc. $IDA

Key Points

• Jupiter Topco LLC acquired 24,657 IDACORP shares during the second quarter, valued at approximately $3.7 million. Institutional investors and hedge funds collectively own 89.1% of the company.
• IDACORP reported quarterly EPS of $1.79, slightly exceeding analyst estimates, but revenue of $469.8 million fell short of expectations. The company maintained fiscal 2026 EPS guidance of $6.30–$6.45.
• IDACORP pays a quarterly dividend of $0.88, equal to $3.52 annually and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $153.86.

Jupiter Topco LLC purchased a new stake in IDACORP, Inc. (NYSE:IDA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 24,657 shares of the energy company's stock, valued at approximately $3,727,000.

Several other hedge funds have also recently bought and sold shares of the stock. Hsbc Holdings PLC acquired a new position in shares of IDACORP in the second quarter valued at approximately $1,470,000. PDT Partners LLC acquired a new stake in IDACORP during the 2nd quarter worth approximately $4,454,000. Palisade Capital Management LP acquired a new stake in IDACORP during the 2nd quarter worth approximately $27,118,000. Osterweis Capital Management Inc. bought a new stake in IDACORP in the 2nd quarter valued at $25,000. Finally, Legal & General Group Plc bought a new stake in IDACORP in the 2nd quarter valued at $40,724,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

IDACORP Price Performance

Shares of NYSE:IDA opened at $136.38 on Wednesday. The firm has a 50 day moving average of $145.25 and a 200-day moving average of $143.55. The stock has a market capitalization of $7.89 billion, a PE ratio of 22.58, a PEG ratio of 2.35 and a beta of 0.47. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. IDACORP, Inc. has a 12 month low of $122.30 and a 12 month high of $154.91.

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, topping analysts' consensus estimates of $1.78 by $0.01. The company had revenue of $469.80 million during the quarter, compared to the consensus estimate of $511.87 million. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. During the same quarter in the prior year, the firm posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, equities research analysts predict that IDACORP, Inc. will post 6.38 EPS for the current fiscal year.

IDACORP Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on IDA shares. Morgan Stanley lowered their price objective on IDACORP from $156.00 to $151.00 and set an "overweight" rating on the stock in a research report on Friday, August 21st. Barclays reduced their target price on shares of IDACORP from $167.00 to $162.00 and set an "overweight" rating for the company in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of IDACORP from a "hold" rating to a "sell" rating in a research note on Saturday. BTIG Research reaffirmed a "buy" rating and set a $160.00 price target on shares of IDACORP in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of IDACORP from $154.00 to $155.00 and gave the stock an "equal weight" rating in a research note on Friday, July 31st. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $153.86.

IDACORP Company 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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