Anchor Capital Advisors LLC Has $52.84 Million Stock Holdings in IDACORP, Inc. $IDA

Anchor Capital Advisors LLC decreased its holdings in shares of IDACORP, Inc. (NYSE:IDA) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 417,531 shares of the energy company’s stock after selling 5,871 shares during the period. IDACORP makes up approximately 1.5% of Anchor Capital Advisors LLC’s portfolio, making the stock its 17th largest position. Anchor Capital Advisors LLC’s holdings in IDACORP were worth $52,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of IDA. Torren Management LLC bought a new stake in IDACORP in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its position in shares of IDACORP by 630.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after purchasing an additional 189 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of IDACORP in the third quarter worth $34,000. Harbour Investments Inc. lifted its stake in shares of IDACORP by 48.0% in the fourth quarter. Harbour Investments Inc. now owns 302 shares of the energy company’s stock worth $38,000 after buying an additional 98 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of IDACORP by 62.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock worth $36,000 after buying an additional 119 shares during the period. Institutional investors own 89.10% of the company’s stock.

IDACORP Stock Performance

NYSE IDA opened at $136.37 on Wednesday. IDACORP, Inc. has a twelve month low of $111.12 and a twelve month high of $149.73. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. The company’s 50-day simple moving average is $143.32 and its 200 day simple moving average is $136.75. The stock has a market cap of $7.56 billion, a P/E ratio of 22.69, a PEG ratio of 2.69 and a beta of 0.49.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $403.41 million during the quarter, compared to the consensus estimate of $437.51 million. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.During the same quarter last year, the company earned $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, research analysts forecast that IDACORP, Inc. will post 6.39 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 5th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, May 5th. IDACORP’s payout ratio is presently 58.57%.

Insider Buying and Selling

In related news, VP James Bo D. Hanchey sold 1,500 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $140.95, for a total transaction of $211,425.00. Following the completion of the sale, the vice president directly owned 2,138 shares of the company’s stock, valued at $301,351.10. This trade represents a 41.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of IDACORP from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 12th. UBS Group upped their price target on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $121.00 price target on shares of IDACORP in a research report on Tuesday, April 21st. Mizuho set a $157.00 price objective on IDACORP in a research note on Friday, May 1st. Finally, Barclays boosted their price objective on IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.57.

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.