Jupiter Topco LLC Invests $3.73 Million in IDACORP, Inc. $IDA

Jupiter Topco LLC purchased a new stake in IDACORP, Inc. (NYSE:IDA) during the second quarter, HoldingsChannel reports. The institutional investor purchased 24,657 shares of the energy company’s stock, valued at approximately $3,727,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Entropy Technologies LP grew its stake in shares of IDACORP by 282.7% during the first quarter. Entropy Technologies LP now owns 24,273 shares of the energy company’s stock worth $3,470,000 after buying an additional 17,931 shares during the last quarter. Aptus Capital Advisors LLC bought a new position in shares of IDACORP in the 4th quarter valued at $6,366,000. GW&K Investment Management LLC boosted its holdings in shares of IDACORP by 7.1% during the 4th quarter. GW&K Investment Management LLC now owns 716,975 shares of the energy company’s stock valued at $90,741,000 after acquiring an additional 47,248 shares in the last quarter. Life Cycle Investment Partners Ltd acquired a new stake in shares of IDACORP during the 4th quarter valued at $38,817,000. Finally, Mendon Capital Advisors Corp acquired a new stake in shares of IDACORP during the 1st quarter valued at $11,096,000. 89.10% of the stock is owned by institutional investors.

IDACORP Stock Up 0.2%

IDACORP stock opened at $136.38 on Wednesday. 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 52-week low of $122.30 and a 52-week high of $154.91. The firm has a 50 day moving average price of $145.25 and a two-hundred day moving average price of $143.55. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 2.35 and a beta of 0.47.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.01. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. The company had revenue of $469.80 million for the quarter, compared to analyst estimates of $511.87 million. During the same period in the prior year, the firm posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Equities analysts predict that IDACORP, Inc. will post 6.38 EPS for the current year.

IDACORP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 5th were issued a $0.88 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $3.52 annualized dividend and a yield of 2.6%. IDACORP’s payout ratio is presently 58.28%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on IDA shares. Wall Street Zen cut IDACORP from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a research note on Monday, August 3rd. Barclays lowered their price objective on IDACORP from $167.00 to $162.00 and set an “overweight” rating for the company in a research note on Monday, August 3rd. BTIG Research reiterated a “buy” rating and issued a $160.00 price objective on shares of IDACORP in a report on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their target price 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. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $153.86.

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.