Strs Ohio Sells 5,998 Shares of IDACORP, Inc. $IDA

Strs Ohio cut its stake in shares of IDACORP, Inc. (NYSE:IDA) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131,884 shares of the energy company’s stock after selling 5,998 shares during the quarter. Strs Ohio’s holdings in IDACORP were worth $16,691,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of IDACORP by 6.3% during the second quarter. State Street Corp now owns 1,873,225 shares of the energy company’s stock valued at $216,264,000 after acquiring an additional 110,885 shares during the period. Reaves W H & Co. Inc. lifted its holdings in shares of IDACORP by 8.5% during the third quarter. Reaves W H & Co. Inc. now owns 1,700,680 shares of the energy company’s stock valued at $224,745,000 after acquiring an additional 133,836 shares during the period. Jennison Associates LLC lifted its holdings in shares of IDACORP by 8.3% during the fourth quarter. Jennison Associates LLC now owns 1,483,648 shares of the energy company’s stock valued at $187,770,000 after acquiring an additional 113,579 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of IDACORP by 1.0% during the second quarter. Alliancebernstein L.P. now owns 1,404,847 shares of the energy company’s stock valued at $162,190,000 after acquiring an additional 13,283 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of IDACORP by 27.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 779,961 shares of the energy company’s stock valued at $98,712,000 after acquiring an additional 166,848 shares during the period. 89.10% of the stock is owned by institutional investors.

IDACORP Stock Performance

IDACORP stock opened at $146.60 on Monday. The stock has a 50-day simple moving average of $143.36 and a 200 day simple moving average of $135.43. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. IDACORP, Inc. has a 12-month low of $108.15 and a 12-month high of $149.73. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 2.93 and a beta of 0.52.

IDACORP (NYSE:IDA) last announced its quarterly earnings data on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $403.41 million during the quarter, compared to analyst estimates of $437.51 million. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.During the same period last year, the company earned $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, research analysts anticipate that IDACORP, Inc. will post 6.39 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 5th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, May 5th. IDACORP’s payout ratio is presently 58.57%.

Key IDACORP News

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Q1 EPS beat and net income rise: IDACORP reported $1.21 EPS vs. $1.12 consensus and net income of $68.0M (up from $59.6M a year ago); management cited customer growth and recent rate changes as drivers. Business Wire Release
• Positive Sentiment: Company reaffirmed FY2026 EPS guidance of $6.25–$6.45, near consensus, which limits downside risk from the beat and supports dividend/utility stability narratives. TipRanks Summary
• Neutral Sentiment: Investor call/transcript provides additional color on operations, capital plans and regulatory posture — useful for modeling but no immediate surprises flagged. Earnings Call Transcript
• Negative Sentiment: Revenue miss and y/y decline: Q1 revenue was $403.4M vs. ~$437.5M expected, a negative top‑line surprise that suggests weaker commodity/other revenue or timing effects. Zacks Earnings Coverage
• Negative Sentiment: Trimmed hydropower outlook: management lowered expected 2026 hydropower generation to 5.5M–7.0M MWh, which can reduce low‑cost generation and push more expensive supply or higher purchased power costs later in the year. MSN / Article on Hydropower Outlook

Insider Activity

In related news, VP Julia A. Hilton sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $142.79, for a total value of $142,790.00. Following the completion of the transaction, the vice president directly owned 2,313 shares in the company, valued at approximately $330,273.27. The trade was a 30.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on IDA shares. Mizuho set a $157.00 price target on IDACORP in a report on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $157.00 price target on shares of IDACORP in a report on Monday, April 27th. Jefferies Financial Group cut their price target on IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. BTIG Research reaffirmed a “buy” rating and issued a $156.00 price target on shares of IDACORP in a report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of IDACORP in a report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, IDACORP has a consensus rating of “Moderate Buy” and a consensus target price of $148.86.

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.