Principal Financial Group Inc. Sells 12,224 Shares of IDACORP, Inc. $IDA

Key Points

• Principal Financial Group reduced its stake in IDACORP by 2.5% in Q4, selling 12,224 shares and now holds 474,407 shares (about 0.88%) valued at roughly $60.0 million.
• IDACORP reported Q1 EPS of $1.21, beating the $1.12 estimate while revenue of $403.4M missed expectations, and set FY2026 guidance of 6.25–6.45 EPS (analysts forecast 6.39 with a consensus target of $150).
• The company declared a quarterly dividend of $0.88 payable June 1 (record/ex-div date May 5), implying a $3.52 annualized payout and a ~2.5% yield with a 58.6% payout ratio.

Principal Financial Group Inc. decreased its stake in IDACORP, Inc. (NYSE:IDA - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 474,407 shares of the energy company's stock after selling 12,224 shares during the quarter. Principal Financial Group Inc. owned about 0.88% of IDACORP worth $60,043,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of IDA. AMG National Trust Bank boosted its position in shares of IDACORP by 0.7% during the third quarter. AMG National Trust Bank now owns 11,665 shares of the energy company's stock valued at $1,542,000 after buying an additional 80 shares during the period. Assetmark Inc. lifted its stake in shares of IDACORP by 7.6% during the 3rd quarter. Assetmark Inc. now owns 1,128 shares of the energy company's stock worth $149,000 after acquiring an additional 80 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in IDACORP by 31.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 408 shares of the energy company's stock valued at $53,000 after acquiring an additional 97 shares during the period. Quadrant Capital Group LLC boosted its holdings in IDACORP by 1.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 5,738 shares of the energy company's stock valued at $758,000 after acquiring an additional 106 shares during the period. Finally, D.A. Davidson & CO. grew its position in IDACORP by 2.2% in the 3rd quarter. D.A. Davidson & CO. now owns 5,106 shares of the energy company's stock valued at $675,000 after acquiring an additional 111 shares during the last quarter. Institutional investors own 89.10% of the company's stock.

IDACORP Price Performance

Shares of IDA opened at $143.02 on Friday. The company has a 50 day moving average of $143.47 and a two-hundred day moving average of $135.60. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. IDACORP, Inc. has a twelve month low of $108.15 and a twelve month high of $149.73. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 2.87 and a beta of 0.52.

IDACORP (NYSE:IDA - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $403.41 million during the quarter, compared to the consensus estimate of $437.51 million. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.During the same quarter last year, the company earned $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, analysts predict that IDACORP, Inc. will post 6.39 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 5th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, May 5th. IDACORP's dividend payout ratio is 58.57%.

Insider Buying and Selling at IDACORP

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of the company's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total value of $142,790.00. Following the sale, the vice president directly owned 2,313 shares of the company's stock, valued at approximately $330,273.27. This represents a 30.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IDA shares. Barclays boosted their target price on shares of IDACORP from $159.00 to $167.00 and gave the company an "overweight" rating in a research note on Tuesday. Mizuho set a $157.00 price target on shares of IDACORP in a research note on Friday, May 1st. Wall Street Zen lowered shares of IDACORP from a "sell" rating to a "strong sell" rating in a report on Monday. BTIG Research restated a "buy" rating and issued a $156.00 target price on shares of IDACORP in a research note on Friday, January 30th. Finally, Weiss Ratings raised shares of IDACORP from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, IDACORP has a consensus rating of "Moderate Buy" and a consensus target price of $150.00.

IDACORP 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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