Rep. Jefferson Shreve Sells IDACORP, Inc. (NYSE:IDA) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of IDACORP, Inc. NYSE: IDA. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in IDACORP stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

IDACORP Price Performance

Shares of NYSE IDA traded up $0.51 during mid-day trading on Friday, hitting $123.28. 557,681 shares of the stock traded hands, compared to its average volume of 470,673. The company has a market cap of $6.66 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.59 and a beta of 0.56. IDACORP, Inc. has a twelve month low of $96.87 and a twelve month high of $125.42. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.81 and a quick ratio of 1.44. The firm has a 50 day simple moving average of $116.64 and a two-hundred day simple moving average of $114.75.

IDACORP (NYSE:IDA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.07. The company had revenue of $432.46 million for the quarter, compared to analysts' expectations of $442.24 million. IDACORP had a return on equity of 9.13% and a net margin of 16.61%. During the same period in the previous year, the business posted $0.95 earnings per share. As a group, equities research analysts forecast that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 5th will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Tuesday, August 5th. IDACORP's payout ratio is 61.10%.

Institutional Investors Weigh In On IDACORP

Several institutional investors and hedge funds have recently made changes to their positions in IDA. Elite Financial Inc. acquired a new position in IDACORP in the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its stake in shares of IDACORP by 621.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 267 shares of the energy company's stock valued at $31,000 after acquiring an additional 230 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of IDACORP during the 2nd quarter valued at $31,000. Opal Wealth Advisors LLC bought a new position in IDACORP during the first quarter worth $34,000. Finally, Riverview Trust Co acquired a new stake in IDACORP in the second quarter worth $42,000. Institutional investors own 89.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of IDACORP from $121.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Wall Street Zen upgraded IDACORP from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Morgan Stanley set a $128.00 price objective on IDACORP and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. UBS Group reissued a "neutral" rating and set a $120.00 target price (up previously from $118.00) on shares of IDACORP in a research report on Friday, July 11th. Finally, Guggenheim raised their price target on shares of IDACORP from $121.00 to $126.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.86.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About IDACORP

IDACORP, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada.