19,230 Shares in IDACORP, Inc. $IDA Purchased by Tema Etfs LLC

Tema Etfs LLC bought a new position in IDACORP, Inc. (NYSE:IDA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,230 shares of the energy company’s stock, valued at approximately $2,220,000.

Several other institutional investors also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new stake in shares of IDACORP in the 2nd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its stake in IDACORP by 621.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 267 shares of the energy company’s stock worth $31,000 after buying an additional 230 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in IDACORP in the second quarter worth $31,000. Riverview Trust Co bought a new stake in IDACORP in the second quarter valued at $42,000. Finally, Parkside Financial Bank & Trust lifted its stake in IDACORP by 33.6% in the second quarter. Parkside Financial Bank & Trust now owns 382 shares of the energy company’s stock valued at $44,000 after buying an additional 96 shares during the last quarter. 89.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on IDA shares. BTIG Research raised shares of IDACORP to a “strong-buy” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group restated a “buy” rating and issued a $152.00 price target on shares of IDACORP in a research note on Monday. Morgan Stanley set a $137.00 price objective on IDACORP in a research report on Thursday, November 20th. UBS Group reissued a “neutral” rating on shares of IDACORP in a report on Tuesday. Finally, Mizuho raised their target price on IDACORP from $129.00 to $144.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, IDACORP presently has a consensus rating of “Moderate Buy” and an average target price of $136.50.

IDACORP Stock Down 1.3%

IDA opened at $126.46 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.82 and a current ratio of 1.09. The company has a market capitalization of $6.83 billion, a PE ratio of 21.73, a P/E/G ratio of 2.73 and a beta of 0.61. The stock’s fifty day moving average is $131.46 and its 200-day moving average is $124.47. IDACORP, Inc. has a one year low of $104.74 and a one year high of $138.03.

IDACORP (NYSE:IDA) last announced its earnings results on Thursday, October 30th. The energy company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.03. IDACORP had a return on equity of 9.35% and a net margin of 17.59%.The business had revenue of $524.42 million during the quarter, compared to analysts’ expectations of $663.09 million. During the same quarter last year, the business posted $2.12 earnings per share. IDACORP has set its FY 2025 guidance at 5.800-5.900 EPS. On average, equities analysts predict that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 5th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, November 5th. This is an increase from IDACORP’s previous quarterly dividend of $0.86. IDACORP’s payout ratio is presently 60.48%.

IDACORP Profile

IDACORP, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada.