Kennedy Capital Management LLC Sells 5,681 Shares of IDACORP, Inc. $IDA

Kennedy Capital Management LLC reduced its stake in IDACORP, Inc. (NYSE:IDA) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,299 shares of the energy company’s stock after selling 5,681 shares during the period. Kennedy Capital Management LLC owned approximately 0.22% of IDACORP worth $15,633,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its stake in IDACORP by 6.3% in the 2nd quarter. State Street Corp now owns 1,873,225 shares of the energy company’s stock worth $216,264,000 after purchasing an additional 110,885 shares in the last quarter. Reaves W H & Co. Inc. increased its stake in IDACORP by 8.5% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,700,680 shares of the energy company’s stock valued at $224,745,000 after purchasing an additional 133,836 shares in the last quarter. Alliancebernstein L.P. raised its holdings in IDACORP by 1.0% in the second quarter. Alliancebernstein L.P. now owns 1,404,847 shares of the energy company’s stock worth $162,190,000 after buying an additional 13,283 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of IDACORP by 3.5% in the third quarter. Jennison Associates LLC now owns 1,370,069 shares of the energy company’s stock worth $181,055,000 after buying an additional 46,413 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of IDACORP by 1.5% during the second quarter. Geode Capital Management LLC now owns 1,021,027 shares of the energy company’s stock valued at $117,905,000 after buying an additional 15,223 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors.

IDACORP News Summary

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Zacks raised FY2027 and FY2028 EPS projections (FY2027 to $6.96 from $6.95; FY2028 at $7.52), signaling modestly stronger longer‑term earnings growth that could support higher valuation multiples. MarketBeat IDACORP updates
• Positive Sentiment: Zacks lifted estimates for key mid‑term quarters: Q3 2026 (to $2.56 from $2.43) and Q3 2027 (to $2.55 from $2.44), plus Q2 2027 (to $2.14 from $2.12). These upward revisions point to stronger seasonal/operational expectations in later quarters. MarketBeat IDACORP updates
• Neutral Sentiment: Zacks released a full set of quarterly line‑items across 2026–2028 (Q1–Q4 detail and full‑year figures) — useful for modeling, but the net impact depends on which quarters investors focus on. Consensus for the current year remains around $5.81. MarketBeat IDACORP updates
• Negative Sentiment: Zacks trimmed several near‑term quarterly estimates: Q1 2026 (to $1.15 from $1.20), Q2 2026 (to $1.90 from $1.93) and Q4 2026 (to $0.82 from $0.87). Near‑term cuts can weigh on sentiment and short‑term stock performance, especially if investors had expected acceleration. MarketBeat IDACORP updates
• Negative Sentiment: Zacks reduced Q1 2027 to $1.17 from $1.36 — a notable downward revision for the first quarter of the next fiscal year that could trigger near‑term concern about seasonality or one‑off impacts. MarketBeat IDACORP updates

IDACORP Stock Performance

NYSE IDA traded up $1.11 on Friday, reaching $142.11. 11,717 shares of the stock were exchanged, compared to its average volume of 462,531. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93. IDACORP, Inc. has a one year low of $108.15 and a one year high of $145.94. The firm has a market capitalization of $7.80 billion, a PE ratio of 24.12, a PEG ratio of 2.73 and a beta of 0.58. The company’s 50-day simple moving average is $136.49 and its two-hundred day simple moving average is $131.56.

IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The business had revenue of $405.24 million during the quarter, compared to analyst estimates of $533.06 million. IDACORP had a net margin of 17.84% and a return on equity of 9.36%. During the same period in the prior year, the business posted $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Analysts expect that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th were 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 was Thursday, February 5th. IDACORP’s dividend payout ratio is presently 59.66%.

Insider Buying and Selling

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $142.79, for a total transaction of $142,790.00. Following the sale, the vice president directly owned 2,313 shares of the company’s stock, valued at $330,273.27. This trade represents a 30.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen cut IDACORP from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. BTIG Research reaffirmed a “buy” rating and set a $156.00 price objective on shares of IDACORP in a research report on Friday, January 30th. Morgan Stanley set a $155.00 price objective on IDACORP in a report on Friday, February 20th. Wells Fargo & Company cut shares of IDACORP from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $129.00 to $118.00 in a research note on Tuesday, January 20th. Finally, UBS Group raised their price target on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, IDACORP presently has an average rating of “Moderate Buy” and an average target price of $143.00.

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.