Quantinno Capital Management LP Purchases 3,669 Shares of IDACORP, Inc. $IDA

Quantinno Capital Management LP increased its position in shares of IDACORP, Inc. (NYSE:IDA) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,041 shares of the energy company’s stock after buying an additional 3,669 shares during the period. Quantinno Capital Management LP’s holdings in IDACORP were worth $10,157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SummitTX Capital L.P. grew its position in shares of IDACORP by 184.7% in the 1st quarter. SummitTX Capital L.P. now owns 24,776 shares of the energy company’s stock valued at $3,542,000 after acquiring an additional 16,072 shares during the period. BROOKFIELD Corp ON raised its holdings in shares of IDACORP by 24.1% in the 1st quarter. BROOKFIELD Corp ON now owns 311,159 shares of the energy company’s stock valued at $44,486,000 after purchasing an additional 60,508 shares during the period. Mendon Capital Advisors Corp bought a new stake in shares of IDACORP in the 1st quarter valued at about $11,096,000. Entropy Technologies LP raised its holdings in shares of IDACORP by 282.7% in the 1st quarter. Entropy Technologies LP now owns 24,273 shares of the energy company’s stock valued at $3,470,000 after purchasing an additional 17,931 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in IDACORP by 3.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 13,500 shares of the energy company’s stock valued at $1,930,000 after purchasing an additional 500 shares during the last quarter. 89.10% of the stock is owned by institutional investors.

IDACORP Stock Performance

Shares of IDA stock opened at $144.69 on Wednesday. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 2.47 and a beta of 0.48. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 0.99. The company has a 50-day simple moving average of $145.72 and a 200 day simple moving average of $142.74. IDACORP, Inc. has a 52 week low of $122.30 and a 52 week high of $154.91.

IDACORP (NYSE:IDA) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.01. The business had revenue of $469.80 million for the quarter, compared to analyst estimates of $511.87 million. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. During the same quarter in the prior year, the business earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, sell-side analysts predict that IDACORP, Inc. will post 6.39 earnings per share for the current year.

IDACORP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 5th will be paid a dividend of $0.88 per share. The ex-dividend date is Wednesday, August 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. IDACORP’s dividend payout ratio (DPR) is 58.28%.

Analysts Set New Price Targets

A number of equities analysts recently commented on IDA shares. Morgan Stanley reiterated an “overweight” rating and set a $156.00 price target on shares of IDACORP in a report on Wednesday, July 22nd. Barclays cut their price objective on IDACORP from $167.00 to $162.00 and set an “overweight” rating for the company in a research report on Monday. BTIG Research reiterated a “buy” rating and set a $160.00 target price on shares of IDACORP in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their target price on IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Wall Street Zen upgraded IDACORP from a “sell” rating to a “hold” rating in a research note on Sunday. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold 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 $154.57.

Insider Buying and Selling at IDACORP

In related news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction that occurred 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 approximately $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 accessible through the SEC website. Company insiders own 0.33% of the company’s stock.

IDACORP 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.