Insider Selling: IDACORP (NYSE:IDA) VP Sells 1,500 Shares of Stock

IDACORP, Inc. (NYSE:IDA) VP James Bo Hanchey sold 1,500 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $140.95, for a total value of $211,425.00. Following the completion of the transaction, the vice president owned 2,138 shares in the company, valued at $301,351.10. The trade was a 41.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

IDACORP Price Performance

Shares of NYSE IDA traded down $5.17 during mid-day trading on Monday, reaching $135.10. The company had a trading volume of 445,490 shares, compared to its average volume of 490,683. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 1.21. IDACORP, Inc. has a one year low of $111.12 and a one year high of $149.73. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.80 and a beta of 0.49. The business’s 50-day simple moving average is $143.41 and its 200 day simple moving average is $136.70.

IDACORP (NYSE:IDA) last issued its quarterly earnings results on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.The company had revenue of $403.41 million for the quarter, compared to analysts’ expectations of $437.51 million. During the same quarter last year, the business earned $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, research analysts predict that IDACORP, Inc. will post 6.39 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 5th will be given a $0.88 dividend. The ex-dividend date is Tuesday, May 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 58.57%.

Institutional Trading of IDACORP

A number of hedge funds have recently made changes to their positions in the company. Morgan Stanley boosted its stake in shares of IDACORP by 9.9% during the fourth quarter. Morgan Stanley now owns 2,103,940 shares of the energy company’s stock valued at $266,275,000 after purchasing an additional 188,845 shares in the last quarter. State Street Corp boosted its stake in shares of IDACORP by 0.6% during the fourth quarter. State Street Corp now owns 1,887,948 shares of the energy company’s stock valued at $238,939,000 after purchasing an additional 11,403 shares in the last quarter. Reaves W H & Co. Inc. boosted its stake in shares of IDACORP by 6.3% during the fourth quarter. Reaves W H & Co. Inc. now owns 1,807,811 shares of the energy company’s stock valued at $228,797,000 after purchasing an additional 107,131 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of IDACORP by 0.9% during the first quarter. Jennison Associates LLC now owns 1,497,342 shares of the energy company’s stock valued at $214,075,000 after purchasing an additional 13,694 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of IDACORP by 1.0% during the second quarter. Alliancebernstein L.P. now owns 1,404,847 shares of the energy company’s stock valued at $162,190,000 after purchasing an additional 13,283 shares in the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on IDA shares. Wells Fargo & Company restated an “underweight” rating and issued a $121.00 price target on shares of IDACORP in a research report on Tuesday, April 21st. Mizuho set a $157.00 price target on IDACORP in a research report on Friday, May 1st. Weiss Ratings upgraded IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Morgan Stanley set a $147.00 target price on IDACORP in a research report on Thursday, May 21st. Finally, Barclays lifted their target price on IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, IDACORP presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.57.

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.