Great Lakes Advisors LLC Acquires New Position in IDACORP, Inc. $IDA

Great Lakes Advisors LLC acquired a new position in shares of IDACORP, Inc. (NYSE:IDA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,410 shares of the energy company’s stock, valued at approximately $1,272,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of IDACORP by 79.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock valued at $690,000 after acquiring an additional 2,625 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of IDACORP by 6.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock worth $39,805,000 after acquiring an additional 21,890 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in IDACORP by 8.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company’s stock valued at $16,698,000 after purchasing an additional 10,855 shares in the last quarter. American Century Companies Inc. increased its stake in IDACORP by 12.6% in the 2nd quarter. American Century Companies Inc. now owns 18,035 shares of the energy company’s stock valued at $2,082,000 after purchasing an additional 2,016 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in IDACORP by 5.7% during the second quarter. Invesco Ltd. now owns 247,190 shares of the energy company’s stock worth $28,538,000 after purchasing an additional 13,297 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction dated Friday, May 29th. The stock was 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 in the company, valued at approximately $301,351.10. This trade represents a 41.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on IDA. Barclays decreased their target price on IDACORP from $167.00 to $162.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Morgan Stanley cut their price target on IDACORP from $156.00 to $151.00 and set an “overweight” rating for the company in a research note on Friday. Wells Fargo & Company boosted their price objective on shares of IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Mizuho set a $157.00 price objective on shares of IDACORP in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded shares of IDACORP from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, IDACORP presently has an average rating of “Moderate Buy” and a consensus target price of $153.86.

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

IDA stock opened at $137.42 on Friday. The stock’s 50 day moving average price is $146.04 and its 200 day moving average price is $143.38. The firm has a market cap of $7.95 billion, a P/E ratio of 22.75, a PEG ratio of 2.37 and a beta of 0.48. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 0.99. IDACORP, Inc. has a 1 year low of $122.30 and a 1 year high of $154.91.

IDACORP (NYSE:IDA) last released its quarterly earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.01. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.The company had revenue of $469.80 million during the quarter, compared to the consensus estimate of $511.87 million. During the same quarter last year, the business posted $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, sell-side analysts expect that IDACORP, Inc. will post 6.38 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 5th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.6%. IDACORP’s dividend payout ratio (DPR) is presently 58.28%.

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.