Boston Trust Walden Corp Sells 47,748 Shares of IDACORP, Inc. $IDA

Boston Trust Walden Corp cut its position in shares of IDACORP, Inc. (NYSE:IDA) by 9.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 479,611 shares of the energy company’s stock after selling 47,748 shares during the quarter. Boston Trust Walden Corp’s holdings in IDACORP were worth $68,570,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IDA. Orion Porfolio Solutions LLC raised its holdings in IDACORP by 3,215.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock valued at $69,784,000 after acquiring an additional 586,221 shares in the last quarter. Zimmer Partners LP bought a new stake in shares of IDACORP during the third quarter valued at approximately $71,031,000. Capital Research Global Investors bought a new stake in shares of IDACORP during the fourth quarter valued at approximately $44,511,000. Invesco Ltd. raised its stake in shares of IDACORP by 139.4% in the third quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock valued at $78,208,000 after purchasing an additional 344,622 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd acquired a new position in shares of IDACORP in the fourth quarter valued at $38,817,000. 89.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IDA shares. Mizuho set a $157.00 price target on shares of IDACORP in a research note on Friday, May 1st. Wall Street Zen raised shares of IDACORP from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 12th. Barclays lifted their target price on shares of IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Wells Fargo & Company reissued an “underweight” rating and issued a $121.00 target price on shares of IDACORP in a research note on Tuesday, April 21st. Finally, Morgan Stanley restated an “overweight” rating and set a $152.00 price target on shares of IDACORP in a research note on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.29.

IDACORP Stock Up 3.0%

Shares of NYSE:IDA opened at $154.63 on Friday. IDACORP, Inc. has a 52 week low of $113.99 and a 52 week high of $154.90. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 1.21. The company’s fifty day moving average is $143.56 and its 200-day moving average is $139.35. The company has a market capitalization of $8.57 billion, a PE ratio of 25.73, a P/E/G ratio of 2.99 and a beta of 0.48.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $403.41 million for the quarter, compared to analyst estimates of $437.51 million. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. During the same quarter in the prior year, the firm earned $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Equities research analysts predict that IDACORP, Inc. will post 6.39 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 5th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, May 5th. IDACORP’s dividend payout ratio is currently 58.57%.

Insiders Place Their Bets

In other news, VP James Bo D. Hanchey sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $140.95, for a total transaction of $211,425.00. Following the completion of the sale, the vice president owned 2,138 shares of the company’s stock, valued at approximately $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.33% 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.