Vise Technologies Inc. Buys New Stake in IDACORP, Inc. $IDA

Vise Technologies Inc. bought a new stake in IDACORP, Inc. (NYSE:IDA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,939 shares of the energy company’s stock, valued at approximately $596,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new position in shares of IDACORP during the fourth quarter worth $25,000. Western Wealth Management LLC purchased a new stake in shares of IDACORP in the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of IDACORP by 630.0% in 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 during the period. Trust Co. of Vermont acquired a new position in IDACORP during the 2nd quarter worth about $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in IDACORP during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

IDACORP Stock Up 0.7%

Shares of NYSE:IDA opened at $138.15 on Tuesday. IDACORP, Inc. has a fifty-two week low of $122.30 and a fifty-two week high of $154.91. The firm’s 50 day moving average price is $145.94 and its 200 day moving average price is $143.50. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 2.37 and a beta of 0.48.

IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, topping 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 analysts’ expectations of $511.87 million. During the same quarter in the previous year, the business posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, equities research analysts predict that IDACORP, Inc. will post 6.38 earnings per share for the current fiscal year.

IDACORP Announces Dividend

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

Insider Buying and Selling

In other IDACORP news, VP James Bo D. 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 sale, the vice president directly owned 2,138 shares in the company, valued at $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

IDA has been the subject of several research reports. Wall Street Zen raised IDACORP from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Morgan Stanley lowered their price objective on shares of IDACORP from $156.00 to $151.00 and set an “overweight” rating for the company in a research note on Friday. Mizuho set a $157.00 price objective on shares of IDACORP in a report on Friday, May 1st. BTIG Research reaffirmed a “buy” rating and set a $160.00 target price on shares of IDACORP in a research note on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of IDACORP in a research note on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.86.

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.