IDACORP (NYSE:IDA) VP Sells $211,425.00 in Stock

IDACORP, Inc. (NYSE:IDA) VP James Bo Hanchey sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $140.95, for a total value of $211,425.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

IDACORP Stock Down 3.7%

NYSE:IDA traded down $5.17 during trading hours on Monday, reaching $135.10. 445,490 shares of the stock were exchanged, compared to its average volume of 490,683. IDACORP, Inc. has a twelve month low of $111.12 and a twelve month high of $149.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 0.95. The firm has a 50 day moving average of $143.41 and a 200 day moving average of $136.70. The stock has a market cap of $7.49 billion, a PE ratio of 22.48, a PEG ratio of 2.80 and a beta of 0.49.

IDACORP (NYSE:IDA) last released its quarterly earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm 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 in the prior year, the firm posted $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, equities analysts expect that IDACORP, Inc. will post 6.39 earnings per share for the current year.

IDACORP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 5th will be 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 is Tuesday, May 5th. IDACORP’s dividend payout ratio is presently 58.57%.

Analysts Set New Price Targets

IDA has been the subject of several recent analyst reports. Wells Fargo & Company reissued an “underweight” rating and issued a $121.00 price objective on shares of IDACORP in a report on Tuesday, April 21st. Wall Street Zen raised IDACORP from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 12th. Barclays increased their price objective on IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Mizuho set a $157.00 price objective on IDACORP in a report on Friday, May 1st. Finally, Morgan Stanley set a $147.00 price target on IDACORP in a report on Thursday, May 21st. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, IDACORP currently has an average rating of “Moderate Buy” and a consensus target price of $148.57.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IDA. Orion Porfolio Solutions LLC increased its position in IDACORP by 3,215.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock worth $69,784,000 after buying an additional 586,221 shares during the period. Zimmer Partners LP bought a new position in IDACORP during the 3rd quarter worth $71,031,000. Capital Research Global Investors bought a new position in IDACORP during the 4th quarter worth $44,511,000. Invesco Ltd. increased its position in IDACORP by 139.4% during the 3rd quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock worth $78,208,000 after buying an additional 344,622 shares during the period. Finally, Life Cycle Investment Partners Ltd bought a new position in IDACORP during the 4th quarter worth $38,817,000. Institutional investors own 89.10% of the company’s stock.

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.