Julia Hilton Sells 1,000 Shares of IDACORP (NYSE:IDA) Stock

IDACORP, Inc. (NYSE:IDA) VP Julia Hilton sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total transaction of $142,790.00. Following the transaction, the vice president owned 2,313 shares in the company, valued at $330,273.27. This represents a 30.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

IDACORP Stock Down 0.7%

Shares of IDA stock opened at $142.24 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93. The stock has a market cap of $7.81 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 2.78 and a beta of 0.59. The business’s fifty day moving average is $133.08 and its 200-day moving average is $130.33. IDACORP, Inc. has a 1 year low of $108.15 and a 1 year high of $145.94.

IDACORP (NYSE:IDA) last released its earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. IDACORP had a return on equity of 9.36% and a net margin of 17.84%.The firm had revenue of $405.24 million for the quarter, compared to analyst estimates of $533.06 million. During the same period in the previous year, the company earned $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Equities analysts expect that IDACORP, Inc. will post 5.81 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th will be given a $0.88 dividend. The ex-dividend date is Thursday, February 5th. This represents a $3.52 annualized dividend and a yield of 2.5%. IDACORP’s payout ratio is 59.66%.

Hedge Funds Weigh In On IDACORP

A number of hedge funds have recently modified their holdings of IDA. Torren Management LLC purchased a new position in IDACORP in the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new stake in IDACORP in the second quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd grew its position in IDACORP by 630.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after acquiring an additional 189 shares in the last quarter. Quent Capital LLC acquired a new position in shares of IDACORP during the 3rd quarter worth $30,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of IDACORP during the 3rd quarter valued at $34,000. 89.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded IDACORP from a “hold” rating to a “sell” rating in a report on Sunday. BTIG Research restated a “buy” rating and set a $156.00 price target on shares of IDACORP in a report on Friday, January 30th. Barclays lifted their price objective on shares of IDACORP from $144.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company lowered IDACORP from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $129.00 to $118.00 in a report on Tuesday, January 20th. Finally, Jefferies Financial Group dropped their price target on IDACORP from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, IDACORP presently has a consensus rating of “Moderate Buy” and an average price target of $141.22.

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.