MQS Management LLC acquired a new stake in shares of IDACORP, Inc. (NYSE:IDA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,321 shares of the energy company's stock, valued at approximately $386,000.
Several other institutional investors also recently bought and sold shares of IDA. Elite Financial Inc. bought a new position in IDACORP in the first quarter worth about $29,000. Opal Wealth Advisors LLC acquired a new position in shares of IDACORP during the first quarter valued at about $34,000. Farther Finance Advisors LLC increased its holdings in shares of IDACORP by 879.1% during the first quarter. Farther Finance Advisors LLC now owns 421 shares of the energy company's stock valued at $49,000 after acquiring an additional 378 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of IDACORP by 39.7% during the first quarter. Versant Capital Management Inc now owns 440 shares of the energy company's stock valued at $51,000 after acquiring an additional 125 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of IDACORP by 1,333.3% during the fourth quarter. Jones Financial Companies Lllp now owns 516 shares of the energy company's stock valued at $56,000 after acquiring an additional 480 shares in the last quarter. 89.10% of the stock is owned by hedge funds and other institutional investors.
IDACORP Stock Performance
IDACORP stock traded up $0.45 during mid-day trading on Thursday, hitting $119.05. The company had a trading volume of 411,879 shares, compared to its average volume of 372,546. The company has a current ratio of 1.81, a quick ratio of 1.44 and a debt-to-equity ratio of 1.03. IDACORP, Inc. has a 12-month low of $93.57 and a 12-month high of $120.84. The company's fifty day moving average is $115.54 and its 200-day moving average is $114.19. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 2.51 and a beta of 0.56.
IDACORP (NYSE:IDA - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.07. The business had revenue of $432.46 million during the quarter, compared to the consensus estimate of $442.24 million. IDACORP had a return on equity of 9.13% and a net margin of 16.61%. During the same period in the prior year, the company posted $0.95 EPS. Equities research analysts predict that IDACORP, Inc. will post 5.81 EPS for the current year.
IDACORP Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 5th will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.89%. IDACORP's payout ratio is 61.10%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on IDA. Wells Fargo & Company upped their target price on IDACORP from $121.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. UBS Group reiterated a "neutral" rating and issued a $120.00 target price (up previously from $118.00) on shares of IDACORP in a research report on Friday, July 11th. Wall Street Zen lowered IDACORP from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Guggenheim upped their target price on IDACORP from $121.00 to $126.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Jefferies Financial Group upgraded IDACORP from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $122.86.
View Our Latest Stock Analysis on IDACORP
IDACORP Profile
(
Free Report)
IDACORP, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada.
Further Reading
Before you consider IDACORP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IDACORP wasn't on the list.
While IDACORP currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
