Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of IDACORP, Inc. (NYSE:IDA)

Key Points

• Rep. Gilbert Ray Cisneros, Jr. purchased between $1,001 and $15,000 of IDACORP (NYSE:IDA) stock on March 3, reported in his "150 MAIN STREET TRUST > BANK OF AMERICA" account.
• IDACORP fundamentals: the stock traded around $147.59 (near its 1‑year high), has a market cap of about $8.1B, reported Q4 EPS of $0.78 (beat), set FY2026 guidance of 6.25–6.45 EPS, and pays a $0.88 quarterly dividend (≈2.4% yield).
• Market sentiment and ownership: analysts hold a consensus "Moderate Buy" target of $144.25 with several price-target upgrades, institutional ownership is high (~89.1%), and an insider recently sold shares reducing their stake.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of IDACORP, Inc. (NYSE:IDA). In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in IDACORP stock on March 3rd. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of MACOM Technology Solutions NASDAQ: MTSI on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of StandardAero NYSE: SARO on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of FirstService NASDAQ: FSV on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Advanced Energy Industries NASDAQ: AEIS on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Flex NASDAQ: FLEX on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of LPL Financial NASDAQ: LPLA on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of DoorDash NASDAQ: DASH on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Viavi Solutions NASDAQ: VIAV on 3/27/2026.
• Purchased $15,001 - $50,000 in shares of Fabrinet NYSE: FN on 3/27/2026.

IDACORP Price Performance

NYSE:IDA traded up $1.28 during mid-day trading on Thursday, hitting $147.59. 81,949 shares of the company's stock traded hands, compared to its average volume of 473,843. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93. The company has a market cap of $8.10 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 2.81 and a beta of 0.54. The firm's 50 day simple moving average is $140.51 and its 200 day simple moving average is $133.77. IDACORP, Inc. has a 1 year low of $108.15 and a 1 year high of $148.51.

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

IDACORP Announces Dividend

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

Insider Buying and Selling at IDACORP

In other news, VP Julia A. Hilton sold 1,000 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $142.79, for a total transaction of $142,790.00. Following the transaction, the vice president directly owned 2,313 shares in the company, valued at $330,273.27. This represents a 30.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on IDA. Morgan Stanley set a $155.00 target price on IDACORP in a research note on Friday, February 20th. Barclays boosted their price target on IDACORP from $149.00 to $159.00 and gave the stock an "overweight" rating in a report on Wednesday. BTIG Research restated a "buy" rating and issued a $156.00 price objective on shares of IDACORP in a research report on Friday, January 30th. Wall Street Zen lowered IDACORP from a "hold" rating to a "sell" rating in a research note on Sunday, February 22nd. Finally, Mizuho lifted their price objective on IDACORP from $141.00 to $148.00 and gave the stock an "outperform" rating in a research report on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $144.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Morgan Stanley grew its position in shares of IDACORP by 9.9% in the fourth quarter. Morgan Stanley now owns 2,103,940 shares of the energy company's stock valued at $266,275,000 after purchasing an additional 188,845 shares during the period. State Street Corp lifted its position in IDACORP by 0.6% during the fourth quarter. State Street Corp now owns 1,887,948 shares of the energy company's stock worth $238,939,000 after buying an additional 11,403 shares during the period. Reaves W H & Co. Inc. boosted its stake in IDACORP by 6.3% in the 4th quarter. Reaves W H & Co. Inc. now owns 1,807,811 shares of the energy company's stock worth $228,797,000 after buying an additional 107,131 shares during the last quarter. Jennison Associates LLC grew its holdings in IDACORP by 8.3% in the 4th quarter. Jennison Associates LLC now owns 1,483,648 shares of the energy company's stock valued at $187,770,000 after buying an additional 113,579 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in IDACORP by 1.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,404,847 shares of the energy company's stock valued at $162,190,000 after buying an additional 13,283 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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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