Emerald Investment Advisers LLC Purchases New Stake in IDACORP, Inc. $IDA

Emerald Investment Advisers LLC acquired a new position in shares of IDACORP, Inc. (NYSE:IDA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 44,637 shares of the energy company’s stock, valued at approximately $6,754,000. Emerald Investment Advisers LLC owned approximately 0.08% of IDACORP as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in IDACORP during the second quarter worth $1,033,914,000. Morgan Stanley raised its stake in IDACORP by 9.9% during the fourth quarter. Morgan Stanley now owns 2,103,940 shares of the energy company’s stock worth $266,275,000 after acquiring an additional 188,845 shares in the last quarter. State Street Corp lifted its holdings 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 worth $238,939,000 after acquiring an additional 11,403 shares during the last quarter. Reaves W H & Co. Inc. grew its holdings in shares of IDACORP by 6.3% during the 4th 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. Finally, Jennison Associates LLC lifted its stake in IDACORP by 0.9% in the 1st quarter. Jennison Associates LLC now owns 1,497,342 shares of the energy company’s stock valued at $214,075,000 after purchasing an additional 13,694 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

IDACORP Stock Down 1.9%

IDACORP stock opened at $137.42 on Friday. The company has a market capitalization of $7.95 billion, a PE ratio of 22.75, a PEG ratio of 2.42 and a beta of 0.48. IDACORP, Inc. has a 12-month low of $122.30 and a 12-month high of $154.91. The firm’s fifty day moving average is $146.04 and its 200 day moving average is $143.38. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97.

IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.01. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. The business had revenue of $469.80 million during the quarter, compared to analysts’ expectations of $511.87 million. During the same period last year, the company posted $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, sell-side analysts predict that IDACORP, Inc. will post 6.38 EPS for the current fiscal 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 $0.88 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $3.52 annualized dividend and a dividend yield of 2.6%. IDACORP’s dividend payout ratio (DPR) is currently 58.28%.

Insider Activity at IDACORP

In related news, VP James Bo D. Hanchey sold 1,500 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $140.95, for a total value 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 $301,351.10. The trade was a 41.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by corporate insiders.

IDACORP News Roundup

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Zacks raised its IDACORP EPS forecasts for Q4 2026 to $0.85 from $0.81, Q2 2027 to $2.04 from $1.92, Q3 2027 to $2.79 from $2.68, FY2027 to $6.93 from $6.91, and FY2028 to $7.66 from $7.52. The upgrades suggest expectations for improving earnings growth beyond the current year. IDACORP Zacks Research earnings estimates
• Neutral Sentiment: Zacks’ FY2026 EPS forecast is now $6.40, down slightly from $6.43 but broadly in line with the current consensus estimate of $6.39. The revisions do not materially change the company’s near-term earnings outlook. IDACORP earnings forecast update
• Negative Sentiment: Zacks cut its Q1 2028 EPS estimate to $1.16 from $1.37 and its Q2 2028 estimate to $2.03 from $2.06. These reductions point to weaker expectations for portions of 2028 and may be contributing to the cautious market reaction despite the longer-term upgrades. IDACORP future EPS estimate reductions

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays reduced their price objective on IDACORP from $167.00 to $162.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Wall Street Zen raised IDACORP from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Wells Fargo & Company upped their target price on IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research report on Monday, August 3rd. Finally, BTIG Research reissued a “buy” rating and issued a $160.00 price objective on shares of IDACORP in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $153.86.

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.