First National Bank of Omaha Acquires Shares of 45,490 IDACORP, Inc. $IDA

First National Bank of Omaha acquired a new stake in IDACORP, Inc. (NYSE:IDA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 45,490 shares of the energy company’s stock, valued at approximately $6,883,000. First National Bank of Omaha owned approximately 0.08% of IDACORP at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Torren Management LLC bought a new stake in shares of IDACORP during the fourth quarter valued at approximately $25,000. Western Wealth Management LLC acquired a new stake in shares of IDACORP in the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its position in IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after purchasing an additional 189 shares during the last quarter. Trust Co. of Vermont bought a new position in IDACORP in the 2nd quarter worth approximately $30,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in IDACORP during the 3rd quarter worth $34,000. 89.10% of the stock is owned by institutional investors.

IDACORP Stock Up 0.5%

Shares of NYSE IDA opened at $142.19 on Wednesday. The firm has a 50 day moving average price of $146.20 and a 200 day moving average price of $143.31. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 0.99. The stock has a market cap of $8.22 billion, a P/E ratio of 23.54, a P/E/G ratio of 2.46 and a beta of 0.48. IDACORP, Inc. has a 52-week low of $122.30 and a 52-week high of $154.91.

IDACORP (NYSE:IDA) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $511.87 million. During the same quarter in the previous year, the business earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Analysts expect that IDACORP, Inc. will post 6.39 EPS for the current year.

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 5th. IDACORP’s payout ratio is presently 58.28%.

Insider Transactions at IDACORP

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of the stock in a transaction dated 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 sale, the vice president directly owned 2,138 shares in the company, valued at $301,351.10. This represents a 41.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

IDA has been the topic of a number of recent research reports. Barclays decreased their price objective on IDACORP from $167.00 to $162.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Mizuho set a $157.00 price target on IDACORP in a research note on Friday, May 1st. Wells Fargo & Company raised their price target on IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Morgan Stanley reiterated an “overweight” rating and issued a $156.00 price objective on shares of IDACORP in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a report on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, IDACORP has an average rating of “Moderate Buy” and an average target price of $154.57.

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.