Victory Capital Management Inc. Sells 54,422 Shares of IDACORP, Inc. $IDA

Key Points

• Victory Capital trimmed its stake in IDACORP by 6.1% in Q3, selling 54,422 shares and now holds 844,478 shares (about 1.56% of the company) worth roughly $111.6M.
• Analysts are mixed but overall positive — with seven Buys, one Hold and one Sell — giving IDACORP a consensus rating of "Moderate Buy" and an average price target of $143.
• IDACORP set FY2026 guidance at 6.250–6.450 EPS and recently paid a quarterly dividend of $0.88 (annualized $3.52, yield ~2.4%).

Victory Capital Management Inc. reduced its stake in IDACORP, Inc. (NYSE:IDA - Free Report) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 844,478 shares of the energy company's stock after selling 54,422 shares during the period. Victory Capital Management Inc. owned 1.56% of IDACORP worth $111,598,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of IDA. Legacy Investment Solutions LLC bought a new stake in shares of IDACORP during the second quarter valued at approximately $28,000. Quent Capital LLC purchased a new position in IDACORP during the 3rd quarter worth $30,000. Smartleaf Asset Management LLC raised its position in IDACORP by 62.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company's stock valued at $36,000 after purchasing an additional 119 shares in the last quarter. Parkside Financial Bank & Trust raised its position in IDACORP by 33.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 382 shares of the energy company's stock valued at $44,000 after purchasing an additional 96 shares in the last quarter. Finally, SouthState Corp lifted its holdings in shares of IDACORP by 2,475.0% in the 2nd quarter. SouthState Corp now owns 515 shares of the energy company's stock worth $59,000 after buying an additional 495 shares during the period. 89.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on IDA. Wall Street Zen lowered IDACORP from a "hold" rating to a "sell" rating in a research note on Sunday, February 22nd. UBS Group increased their target price on shares of IDACORP from $134.00 to $142.00 and gave the stock a "neutral" rating in a report on Friday, February 20th. Mizuho raised their target price on shares of IDACORP from $141.00 to $148.00 and gave the company an "outperform" rating in a research report on Friday, February 20th. Wells Fargo & Company lowered shares of IDACORP from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $129.00 to $118.00 in a report on Tuesday, January 20th. Finally, Barclays increased their price objective on shares of IDACORP from $144.00 to $149.00 and gave the company an "overweight" rating in a research note on Tuesday, February 24th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, IDACORP presently has an average rating of "Moderate Buy" and a consensus price target of $143.00.

Insiders Place Their Bets

In other news, VP Julia A. Hilton sold 1,000 shares of the business's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $142.79, for a total transaction of $142,790.00. Following the sale, the vice president owned 2,313 shares in the company, valued at approximately $330,273.27. The trade was a 30.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company's stock.

IDACORP Price Performance

IDA opened at $144.35 on Thursday. The firm has a market capitalization of $7.92 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.80 and a beta of 0.58. The business's 50-day moving average is $134.75 and its two-hundred day moving average is $130.96. IDACORP, Inc. has a 1 year low of $108.15 and a 1 year high of $145.94. 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 posted its quarterly earnings data on Thursday, February 19th. The energy company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. IDACORP had a net margin of 17.84% and a return on equity of 9.36%. The firm had revenue of $405.24 million during the quarter, compared to analyst estimates of $533.06 million. During the same quarter in the previous year, the business posted $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Research analysts anticipate that IDACORP, Inc. will post 5.81 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th were paid a $0.88 dividend. 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 dividend payout ratio (DPR) is 59.66%.

About IDACORP

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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