Mirabella Financial Services LLP Raises Stock Position in IDACORP, Inc. $IDA

Mirabella Financial Services LLP increased its position in shares of IDACORP, Inc. (NYSE:IDA) by 173.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,187 shares of the energy company’s stock after acquiring an additional 12,178 shares during the quarter. Mirabella Financial Services LLP’s holdings in IDACORP were worth $2,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its stake 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 valued at $29,000 after acquiring an additional 189 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of IDACORP during the 3rd quarter valued at $30,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of IDACORP during the 3rd quarter valued at $34,000. Smartleaf Asset Management LLC boosted its position in shares of IDACORP by 62.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock worth $36,000 after purchasing an additional 119 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of IDACORP by 160.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 458 shares of the energy company’s stock worth $61,000 after purchasing an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Analysts Set New Price Targets

IDA has been the topic of several recent analyst reports. BTIG Research reaffirmed a “buy” rating and set a $156.00 target price on shares of IDACORP in a research report on Friday, January 30th. Wall Street Zen downgraded IDACORP from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. Weiss Ratings restated a “buy (b)” rating on shares of IDACORP in a research note on Thursday, January 22nd. Mizuho upped their price objective on shares of IDACORP from $141.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Finally, Barclays increased their price objective on shares of IDACORP from $144.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.00.

IDACORP Stock Performance

Shares of IDA stock opened at $139.92 on Thursday. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 2.77 and a beta of 0.58. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.93 and a quick ratio of 0.68. The business has a fifty day moving average of $137.65 and a 200 day moving average of $132.04. IDACORP, Inc. has a 1 year low of $108.15 and a 1 year high of $145.94.

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

IDACORP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 5th were given a $0.88 dividend. The ex-dividend date was Thursday, February 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. IDACORP’s dividend payout ratio is currently 59.66%.

Insiders Place Their Bets

In related news, VP Julia A. Hilton sold 1,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total value of $142,790.00. Following the transaction, the vice president owned 2,313 shares in the company, valued at approximately $330,273.27. This represents a 30.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

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.