Mairs & Power Inc. Purchases 42,658 Shares of IDACORP, Inc. $IDA

Mairs & Power Inc. grew its position in IDACORP, Inc. (NYSE:IDA) by 17.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 287,168 shares of the energy company’s stock after purchasing an additional 42,658 shares during the quarter. Mairs & Power Inc.’s holdings in IDACORP were worth $37,949,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quent Capital LLC bought a new stake in shares of IDACORP in the 3rd quarter worth $30,000. Smartleaf Asset Management LLC boosted its holdings in shares of IDACORP by 62.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock valued at $36,000 after acquiring an additional 119 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of IDACORP by 160.2% in the third quarter. Farther Finance Advisors LLC now owns 458 shares of the energy company’s stock worth $61,000 after acquiring an additional 282 shares during the period. Headlands Technologies LLC raised its holdings in shares of IDACORP by 892.1% during the second quarter. Headlands Technologies LLC now owns 754 shares of the energy company’s stock valued at $87,000 after purchasing an additional 678 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in shares of IDACORP during the third quarter valued at approximately $109,000. Institutional investors own 89.10% of the company’s stock.

Insider Activity at IDACORP

In related news, VP Julia A. Hilton sold 1,000 shares of IDACORP stock in a transaction on Monday, February 23rd. The shares were 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 approximately $330,273.27. The trade was a 30.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by insiders.

Analysts Set New Price Targets

IDA has been the subject of several research reports. Mizuho upped their price target on shares of IDACORP from $141.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Morgan Stanley set a $155.00 price objective on shares of IDACORP in a report on Friday, February 20th. Barclays upped their target price on shares of IDACORP from $144.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research report on Thursday, January 22nd. Finally, UBS Group lifted their price target on shares of IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.00.

IDACORP Stock Up 0.2%

NYSE IDA opened at $142.67 on Tuesday. The stock’s 50-day moving average price is $137.12 and its 200-day moving average price is $131.86. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.93. IDACORP, Inc. has a 52 week low of $108.15 and a 52 week high of $145.94. The company has a market capitalization of $7.83 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 2.77 and a beta of 0.58.

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

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 5th were given 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 was Thursday, February 5th. IDACORP’s dividend payout ratio (DPR) is presently 59.66%.

IDACORP 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.