PDT Partners LLC Purchases Shares of 29,441 IDACORP, Inc. $IDA

PDT Partners LLC acquired a new position in shares of IDACORP, Inc. (NYSE:IDA) in the 2nd quarter, HoldingsChannel reports. The fund acquired 29,441 shares of the energy company’s stock, valued at approximately $4,454,000.

Other large investors also recently made changes to their positions in the company. AssuredPartners Investment Advisors LLC raised its stake in shares of IDACORP by 5.1% in the 4th quarter. AssuredPartners Investment Advisors LLC now owns 1,653 shares of the energy company’s stock valued at $209,000 after acquiring an additional 80 shares during the period. Harbour Investments Inc. increased its holdings in IDACORP by 48.0% in the 4th quarter. Harbour Investments Inc. now owns 302 shares of the energy company’s stock valued at $38,000 after purchasing an additional 98 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in IDACORP by 1.6% in the 1st quarter. Sanctuary Advisors LLC now owns 6,482 shares of the energy company’s stock valued at $927,000 after purchasing an additional 103 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in IDACORP by 1.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 5,738 shares of the energy company’s stock valued at $758,000 after purchasing an additional 106 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in IDACORP by 0.9% in the fourth quarter. Advisors Asset Management Inc. now owns 11,668 shares of the energy company’s stock valued at $1,477,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

Insider Transactions at IDACORP

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction that occurred 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 Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

IDACORP Stock Performance

Shares of IDA stock opened at $137.71 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.75. The company’s fifty day moving average price is $145.84 and its two-hundred day moving average price is $143.52. The firm has a market capitalization of $7.96 billion, a P/E ratio of 22.80, a P/E/G ratio of 2.38 and a beta of 0.48. IDACORP, Inc. has a 12 month low of $122.30 and a 12 month high of $154.91.

IDACORP (NYSE:IDA) last announced its earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, beating 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 period last year, the firm earned $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, research analysts anticipate that IDACORP, Inc. will post 6.38 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on the company. Mizuho set a $157.00 price objective on IDACORP in a research note on Friday, May 1st. Wells Fargo & Company increased their target price on IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. BTIG Research reiterated a “buy” rating and set a $160.00 target price on shares of IDACORP in a report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a research report on Monday, August 3rd. Finally, Barclays decreased their price target on IDACORP from $167.00 to $162.00 and set an “overweight” rating for the company in a report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $153.86.

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.