Mirabella Financial Services LLP Buys 12,178 Shares of IDACORP, Inc. $IDA

Mirabella Financial Services LLP boosted its stake in shares of IDACORP, Inc. (NYSE:IDA) by 173.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,187 shares of the energy company’s stock after buying an additional 12,178 shares during the quarter. Mirabella Financial Services LLP’s holdings in IDACORP were worth $2,531,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in IDACORP by 79.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock worth $690,000 after acquiring an additional 2,625 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of IDACORP by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock valued at $39,805,000 after acquiring an additional 21,890 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of IDACORP by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company’s stock valued at $16,698,000 after acquiring an additional 10,855 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of IDACORP by 5.6% in the second quarter. ProShare Advisors LLC now owns 2,395 shares of the energy company’s stock valued at $277,000 after purchasing an additional 126 shares during the period. Finally, Geode Capital Management LLC boosted its holdings 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 valued at $117,905,000 after purchasing an additional 15,223 shares during the period. 89.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on IDA shares. UBS Group raised their price objective on IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Morgan Stanley set a $155.00 target price on IDACORP in a report on Friday, February 20th. Wall Street Zen downgraded IDACORP from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. Weiss Ratings restated a “buy (b)” rating on shares of IDACORP in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group decreased their price objective on IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned 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 target price of $143.00.

Insiders Place Their Bets

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of IDACORP stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $142.79, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by insiders.

IDACORP Stock Performance

Shares of IDA stock opened at $139.92 on Thursday. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.77 and a beta of 0.58. IDACORP, Inc. has a 52-week low of $108.15 and a 52-week high of $145.94. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average is $137.65 and its 200 day moving average is $132.04.

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

IDACORP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 5th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $3.52 dividend on an annualized basis and a 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.