Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 5,609 Shares of IDACORP, Inc. $IDA

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in IDACORP, Inc. (NYSE:IDA) by 5.5% in the 1st quarter, HoldingsChannel reports. The firm owned 96,646 shares of the energy company’s stock after selling 5,609 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in IDACORP were worth $13,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of IDA. Torren Management LLC bought a new stake in IDACORP during the 4th quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd grew its holdings in IDACORP by 630.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after buying an additional 189 shares in the last quarter. Summit Securities Group LLC purchased a new stake in IDACORP during the 1st quarter valued at approximately $37,000. Measured Wealth Private Client Group LLC bought a new stake in shares of IDACORP during the third quarter valued at approximately $34,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of IDACORP in the fourth quarter worth $35,000. 89.10% of the stock is owned by institutional investors.

IDACORP Price Performance

IDACORP stock opened at $151.07 on Tuesday. IDACORP, Inc. has a 12-month low of $117.18 and a 12-month high of $154.91. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average price of $144.25 and a 200-day moving average price of $140.55. The firm has a market capitalization of $8.37 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.48.

IDACORP (NYSE:IDA) last issued its quarterly earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share (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 firm had revenue of $403.41 million during the quarter, compared to analyst estimates of $437.51 million. During the same period last year, the company earned $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, equities research analysts forecast that IDACORP, Inc. will post 6.39 EPS for the current year.

IDACORP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 5th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, May 5th. IDACORP’s dividend payout ratio is presently 58.57%.

Insider Buying and Selling

In other news, VP James Bo D. Hanchey sold 1,500 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $140.95, for a total transaction of $211,425.00. Following the transaction, the vice president directly owned 2,138 shares in the company, valued at approximately $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings upgraded shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Barclays increased their price objective on shares of IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded IDACORP from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 12th. Morgan Stanley restated an “overweight” rating and set a $152.00 price objective on shares of IDACORP in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $121.00 target price on shares of IDACORP in a report on Tuesday, April 21st. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, IDACORP has a consensus rating of “Moderate Buy” and an average target price of $149.29.

About IDACORP

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.