Vanguard Group Inc. Reduces Stock Position in IDACORP, Inc. $IDA

Vanguard Group Inc. cut its position in IDACORP, Inc. (NYSE:IDA) by 0.4% during the third quarter, Holdings Channel reports. The firm owned 6,034,548 shares of the energy company’s stock after selling 23,819 shares during the period. Vanguard Group Inc. owned approximately 0.11% of IDACORP worth $797,466,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its position in IDACORP by 6.3% in the second quarter. State Street Corp now owns 1,873,225 shares of the energy company’s stock valued at $216,264,000 after buying an additional 110,885 shares during the last quarter. Reaves W H & Co. Inc. lifted its stake in IDACORP by 8.5% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,700,680 shares of the energy company’s stock valued at $224,745,000 after acquiring an additional 133,836 shares during the period. Alliancebernstein L.P. lifted its stake in IDACORP by 1.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,404,847 shares of the energy company’s stock valued at $162,190,000 after acquiring an additional 13,283 shares during the period. Jennison Associates LLC boosted its holdings in shares of IDACORP by 3.5% in the 3rd quarter. Jennison Associates LLC now owns 1,370,069 shares of the energy company’s stock valued at $181,055,000 after acquiring an additional 46,413 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of IDACORP by 1.5% in the second quarter. Geode Capital Management LLC now owns 1,021,027 shares of the energy company’s stock worth $117,905,000 after acquiring an additional 15,223 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

IDACORP Trading Up 1.1%

IDA opened at $139.86 on Monday. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 2.72 and a beta of 0.59. The company’s 50 day simple moving average is $132.08 and its two-hundred day simple moving average is $129.98. IDACORP, Inc. has a 1-year low of $108.15 and a 1-year high of $145.94. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.93 and a quick ratio of 0.68.

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

IDACORP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 5th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, February 5th. IDACORP’s payout ratio is currently 59.66%.

Key IDACORP News

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Q4 earnings beat and raised near‑term outlook: IDACORP reported $0.78 EPS for Q4, topping the consensus of $0.74, and reiterated stronger full‑year performance. The beat — plus management’s FY‑2026 EPS guidance of $6.25–$6.45 — supports the stock’s move higher. Read More.
• Positive Sentiment: Multi‑year capex and EPS growth target: Management outlined a multi‑year plan (~$7B) and set an ~8% EPS growth target while advancing major projects — signaling commitment to regulated utility investments that should drive rate base growth over time. Read More.
• Positive Sentiment: Dividend investor appeal: Recent coverage highlights IDA as an attractive dividend stock, reinforcing interest from income‑focused investors given its payout history and regulated utility profile. Read More.
• Neutral Sentiment: Management materials available: The company posted its earnings slide deck and earnings‑call presentation (useful for modelers and analysts reviewing capex phasing, project timelines and rate case assumptions). Read More.
• Neutral Sentiment: Earnings call transcript for detail: The full earnings‑call transcript provides color on cost drivers, customer growth and capital spending priorities — valuable for assessing execution risk. Read More.
• Negative Sentiment: Revenue came in below some estimates: Q4 revenue of ~$405M was materially under a cited consensus (~$533M), which could reflect timing of recoverable costs or other one‑time items; investors should watch cash flow and regulatory recovery mechanics. Read More.
• Negative Sentiment: Analyst valuation split and capex execution risk: Coverage notes an analyst valuation split and highlights that higher capex increases execution and financing risk (debt ratios, rate cases). Monitor guidance updates, leverage metrics and returns on major projects. Read More.

Analyst Ratings Changes

A number of research analysts recently issued reports on IDA shares. Wall Street Zen downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a research report on Sunday. Morgan Stanley set a $155.00 target price on IDACORP in a report on Friday. Jefferies Financial Group cut their price objective on IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company cut shares of IDACORP from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $129.00 to $118.00 in a research report on Tuesday, January 20th. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $140.67.

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.