Sanctuary Advisors LLC Invests $1.11 Million in IDACORP, Inc. $IDA

Key Points

• Sanctuary Advisors LLC initiated a $1.11 million position in IDACORP during the second quarter, purchasing 7,363 shares. Institutional investors collectively own 89.1% of the utility’s stock.
• IDACORP reported quarterly EPS of $1.79, slightly ahead of analysts’ $1.78 estimate, although revenue of $469.8 million fell short of the $511.87 million forecast. The company reaffirmed fiscal 2026 EPS guidance of $6.30–$6.45.
• IDACORP declared a quarterly dividend of $0.88 per share, equivalent to $3.52 annually and a 2.6% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $153.86.

Sanctuary Advisors LLC bought a new position in IDACORP, Inc. (NYSE:IDA - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,363 shares of the energy company's stock, valued at approximately $1,114,000.

Several other institutional investors also recently modified their holdings of IDA. Torren Management LLC purchased a new stake in IDACORP in the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of IDACORP by 630.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company's stock valued at $29,000 after purchasing an additional 189 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of IDACORP during the first quarter valued at approximately $29,000. Trust Co. of Vermont bought a new stake in shares of IDACORP in the 2nd quarter worth approximately $30,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of IDACORP in the 2nd quarter worth approximately $33,000. 89.10% of the stock is currently owned by institutional investors.

IDACORP Trading Down 0.3%

NYSE:IDA opened at $137.67 on Friday. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 2.38 and a beta of 0.48. 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 $145.68 and its 200-day moving average price is $143.56. IDACORP, Inc. has a 52 week low of $122.30 and a 52 week high of $154.91.

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

IDACORP Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on IDA shares. BTIG Research reaffirmed a "buy" rating and set a $160.00 price objective on shares of IDACORP in a research report on Thursday, July 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of IDACORP in a report on Monday, August 3rd. Barclays dropped their target price on IDACORP from $167.00 to $162.00 and set an "overweight" rating on the stock in a report on Monday, August 3rd. Wall Street Zen upgraded IDACORP from a "sell" rating to a "hold" rating in a report on Sunday, August 2nd. Finally, Morgan Stanley lowered 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. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $153.86.

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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