Squarepoint Ops LLC Sells 61,747 Shares of IDACORP, Inc. $IDA

Key Points

• Squarepoint Ops LLC reduced its IDACORP stake by 16.3% in the second quarter, selling 61,747 shares and retaining 317,135 shares worth approximately $48 million. Institutional investors collectively own 89.1% of the company.
• IDACORP reported quarterly earnings of $1.79 per share, slightly above analyst expectations, while revenue of $469.8 million fell short of estimates. The company reaffirmed fiscal 2026 EPS guidance of $6.30–$6.45.
• The company pays a quarterly dividend of $0.88 per share, equating to a 2.5% annualized yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $153.86 compared with the stock’s reported price of $138.10.

Squarepoint Ops LLC decreased its holdings in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 16.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 317,135 shares of the energy company's stock after selling 61,747 shares during the quarter. Squarepoint Ops LLC owned about 0.55% of IDACORP worth $47,983,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Osterweis Capital Management Inc. purchased a new stake in IDACORP during the 2nd quarter valued at $25,000. Western Wealth Management LLC bought a new position in IDACORP during the first quarter valued at $29,000. Caitong International Asset Management Co. Ltd raised its stake in shares of IDACORP by 630.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company's stock valued at $29,000 after acquiring an additional 189 shares during the period. Trust Co. of Vermont purchased a new stake in shares of IDACORP in the second quarter valued at $30,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of IDACORP in the 2nd quarter worth about $33,000. Institutional investors own 89.10% of the company's stock.

IDACORP Stock Up 1.8%

NYSE:IDA opened at $138.10 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.75. IDACORP, Inc. has a 1-year low of $122.30 and a 1-year high of $154.91. The company has a 50-day moving average of $143.83 and a 200 day moving average of $143.31. The firm has a market cap of $7.99 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.34 and a beta of 0.47.

IDACORP (NYSE:IDA - Get Free Report) last posted its 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. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.The company had revenue of $469.80 million during the quarter, compared to analyst estimates of $511.87 million. During the same quarter in the prior year, the business earned $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, research analysts anticipate that IDACORP, Inc. will post 6.38 EPS for the current fiscal year.

IDACORP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, August 5th. IDACORP's payout ratio is presently 58.28%.

Analyst Ratings Changes

Several brokerages have issued reports on IDA. Barclays decreased their price objective on shares of IDACORP from $167.00 to $162.00 and set an "overweight" rating for the company in a research note on Monday, August 3rd. Morgan Stanley reduced their price target on IDACORP from $156.00 to $151.00 and set an "overweight" rating on the stock in a report on Friday, August 21st. Wall Street Zen raised IDACORP from a "sell" rating to a "hold" rating in a research note on Sunday. BTIG Research restated a "buy" rating and set a $160.00 price objective on shares of IDACORP in a report on Thursday, July 23rd. Finally, 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 report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock 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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