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

Emerald Investment Advisers LLC purchased a new stake in shares of IDACORP, Inc. (NYSE:IDA) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 44,637 shares of the energy company’s stock, valued at approximately $6,754,000.

Several other institutional investors have also recently bought and sold shares of IDA. Torren Management LLC bought a new stake in shares of IDACORP during the fourth quarter worth about $25,000. Western Wealth Management LLC acquired a new stake in shares of IDACORP in the 1st quarter worth about $29,000. Trust Co. of Vermont bought a new position in IDACORP in the 2nd quarter valued at about $30,000. Caitong International Asset Management Co. Ltd lifted its position in IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after acquiring an additional 189 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in IDACORP during the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

Insider Activity at IDACORP

In other news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction on Friday, May 29th. The stock was sold at an average price of $140.95, for a total transaction of $211,425.00. Following the sale, the vice president directly owned 2,138 shares in the company, valued at $301,351.10. The trade was a 41.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by insiders.

Key Stories Impacting IDACORP

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

IDACORP Price Performance

Shares of NYSE IDA opened at $137.42 on Friday. IDACORP, Inc. has a twelve month low of $122.30 and a twelve month high of $154.91. The stock’s 50 day moving average price is $146.04 and its 200-day moving average price is $143.38. 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. 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 issued 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 return on equity of 9.34% and a net margin of 18.78%.The business had revenue of $469.80 million for the quarter, compared to analyst estimates 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. On average, equities analysts anticipate that IDACORP, Inc. will post 6.38 EPS for the current year.

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 5th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend 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%.

Wall Street Analyst Weigh In

A number of analysts have commented on IDA shares. Wall Street Zen raised IDACORP from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Morgan Stanley dropped their target price on IDACORP from $156.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a report on Monday, August 3rd. Wells Fargo & Company upped their price target on IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, BTIG Research reissued a “buy” rating and issued a $160.00 price target on shares of IDACORP in a research report on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $153.86.

About IDACORP

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.