IDACORP (NYSE:IDA) VP Julia Hilton Sells 1,000 Shares

IDACORP, Inc. (NYSE:IDA) VP Julia Hilton sold 1,000 shares of the company’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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

IDACORP Price Performance

IDA stock opened at $143.30 on Wednesday. The firm has a 50 day moving average of $132.76 and a 200-day moving average of $130.25. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 2.78 and a beta of 0.59. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93. IDACORP, Inc. has a 12-month low of $108.15 and a 12-month high of $145.94.

IDACORP (NYSE:IDA) last released its quarterly earnings data 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 firm had revenue of $405.24 million during the quarter, compared to the consensus estimate of $533.06 million. IDACORP had a return on equity of 9.36% and a net margin of 17.84%.During the same period last year, the business posted $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, equities analysts expect that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 5th will be paid 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 of this dividend is Thursday, February 5th. IDACORP’s payout ratio is 59.66%.

Institutional Trading of IDACORP

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

Wall Street Analyst Weigh In

IDA has been the subject of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of IDACORP in a report on Thursday, January 22nd. Barclays increased their price target on shares of IDACORP from $144.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday. BTIG Research restated a “buy” rating and set a $156.00 price objective on shares of IDACORP in a research report on Friday, January 30th. Jefferies Financial Group reduced their target price on IDACORP from $152.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Wall Street Zen downgraded IDACORP from a “hold” rating to a “sell” rating in a research report on Sunday. Eight 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’s stock. Based on data from MarketBeat.com, IDACORP currently has an average rating of “Moderate Buy” and a consensus price target of $141.22.

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.