Tema Etfs LLC Increases Stock Position in IDACORP, Inc. $IDA

Key Points

• Tema Etfs LLC raised its stake by 88.9% in Q4, buying an additional 37,380 shares to hold 79,408 IDACORP shares valued at about $10.05 million.
• Several large institutions also boosted or initiated positions — notably Orion Portfolio Solutions (+586,221 shares to 604,451), Invesco (+344,622 to 591,812), Zimmer, Soros and Brookfield — leaving institutional ownership at about 89.1%.
• IDACORP beat quarterly EPS estimates ($0.78 vs. $0.74) but missed revenue, issued FY2026 guidance of 6.25–6.45 EPS, pays a $0.88 quarterly dividend (~2.4% yield), and carries a consensus analyst rating of "Moderate Buy" with a $143 target.

Tema Etfs LLC raised its stake in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 88.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,408 shares of the energy company's stock after purchasing an additional 37,380 shares during the period. IDACORP accounts for approximately 0.8% of Tema Etfs LLC's holdings, making the stock its 29th biggest position. Tema Etfs LLC owned 0.15% of IDACORP worth $10,050,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IDA. Orion Porfolio Solutions LLC increased its holdings in shares of IDACORP by 3,215.7% in the second quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company's stock worth $69,784,000 after purchasing an additional 586,221 shares during the last quarter. Zimmer Partners LP bought a new position in IDACORP during the third quarter valued at approximately $71,031,000. Soros Fund Management LLC purchased a new position in IDACORP during the 2nd quarter valued at approximately $46,919,000. Invesco Ltd. grew its holdings in IDACORP by 139.4% during the 3rd quarter. Invesco Ltd. now owns 591,812 shares of the energy company's stock valued at $78,208,000 after buying an additional 344,622 shares in the last quarter. Finally, BROOKFIELD Corp ON bought a new stake in IDACORP in the 2nd quarter worth approximately $33,920,000. Hedge funds and other institutional investors own 89.10% of the company's stock.

Insiders Place Their Bets

In other news, VP Julia A. Hilton sold 1,000 shares of the 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is owned by company insiders.

IDACORP Trading Up 0.7%

Shares of IDA stock opened at $144.04 on Thursday. The company has a market cap of $7.91 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. IDACORP, Inc. has a 1 year low of $108.15 and a 1 year high of $145.94. The stock's 50 day simple moving average is $139.31 and its two-hundred day simple moving average is $133.08. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.93 and a quick ratio of 0.68.

IDACORP (NYSE:IDA - Get Free Report) last announced its earnings results on Thursday, February 19th. The energy company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. The firm had revenue of $405.24 million during the quarter, compared to analysts' expectations of $533.06 million. IDACORP had a return on equity of 9.36% and a net margin of 17.84%.During the same quarter in the previous year, the business earned $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Research analysts predict that IDACORP, Inc. will post 5.81 earnings per share for the current year.

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th were given a dividend of $0.88 per share. The ex-dividend date was Thursday, February 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. IDACORP's payout ratio is 59.66%.

Analyst Upgrades and Downgrades

IDA has been the topic of several recent research reports. BTIG Research reaffirmed a "buy" rating and set a $156.00 price objective on shares of IDACORP in a report on Friday, January 30th. Mizuho raised their target price on shares of IDACORP from $141.00 to $148.00 and gave the company an "outperform" rating in a report on Friday, February 20th. Barclays boosted their price target on shares of IDACORP from $144.00 to $149.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 24th. Morgan Stanley set a $155.00 price objective on shares of IDACORP in a research report on Friday, February 20th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of IDACORP in a research note on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

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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