Mairs & Power Inc. Boosts Stock Position in IDACORP, Inc. $IDA

Mairs & Power Inc. increased its stake in IDACORP, Inc. (NYSE:IDA) by 17.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 287,168 shares of the energy company’s stock after purchasing an additional 42,658 shares during the quarter. Mairs & Power Inc. owned about 0.53% of IDACORP worth $37,949,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Alps Advisors Inc. lifted its holdings in shares of IDACORP by 31.8% in the third quarter. Alps Advisors Inc. now owns 29,178 shares of the energy company’s stock worth $3,856,000 after buying an additional 7,036 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in IDACORP during the third quarter valued at approximately $21,486,000. Advisors Asset Management Inc. increased its holdings in IDACORP by 26.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 10,558 shares of the energy company’s stock worth $1,219,000 after acquiring an additional 2,178 shares during the period. Bahl & Gaynor Inc. purchased a new stake in IDACORP in the 2nd quarter worth approximately $577,000. Finally, SG Americas Securities LLC boosted its holdings in IDACORP by 418.2% in the 3rd quarter. SG Americas Securities LLC now owns 37,846 shares of the energy company’s stock valued at $5,001,000 after purchasing an additional 30,543 shares during the period. Institutional investors own 89.10% of the company’s stock.

Wall Street Analysts Forecast Growth

IDA has been the subject of a number of recent analyst reports. UBS Group boosted their price target on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Weiss Ratings restated a “buy (b)” rating on shares of IDACORP in a research report on Thursday, January 22nd. Mizuho upped their target price on IDACORP from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Morgan Stanley set a $155.00 price target on IDACORP in a research report on Friday, February 20th. Finally, BTIG Research reissued a “buy” rating and set a $156.00 price objective on shares of IDACORP in a report on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

Insider Activity

In related 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 transaction, the vice president owned 2,313 shares in the company, valued at $330,273.27. The trade was a 30.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by insiders.

IDACORP Price Performance

IDA stock opened at $142.67 on Tuesday. The firm has a market cap of $7.83 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.77 and a beta of 0.58. The firm’s fifty day moving average is $137.12 and its 200 day moving average is $131.86. IDACORP, Inc. has a 52 week low of $108.15 and a 52 week high of $145.94. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93.

IDACORP (NYSE:IDA) last announced its quarterly earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $405.24 million during the quarter, compared to analysts’ expectations 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 company posted $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 firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 5th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. IDACORP’s dividend payout ratio (DPR) is presently 59.66%.

IDACORP Company 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.