Kennedy Capital Management LLC Has $17.94 Million Stock Holdings in IDACORP, Inc. $IDA

Kennedy Capital Management LLC grew its position in IDACORP, Inc. (NYSE:IDA) by 19.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 141,776 shares of the energy company’s stock after acquiring an additional 23,477 shares during the period. Kennedy Capital Management LLC owned 0.26% of IDACORP worth $17,943,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Torren Management LLC bought a new stake in shares of IDACORP in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings in IDACORP by 630.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after purchasing an additional 189 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in IDACORP in the third quarter valued at $34,000. Los Angeles Capital Management LLC acquired a new stake in IDACORP in the fourth quarter valued at $35,000. Finally, Harbour Investments Inc. increased its holdings in IDACORP by 48.0% in the fourth quarter. Harbour Investments Inc. now owns 302 shares of the energy company’s stock valued at $38,000 after purchasing an additional 98 shares during the period. 89.10% of the stock is currently owned by institutional investors.

IDACORP Stock Performance

Shares of IDA opened at $142.96 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 0.95. The stock has a 50-day moving average of $143.31 and a 200-day moving average of $137.43. The company has a market cap of $7.92 billion, a PE ratio of 23.79, a P/E/G ratio of 2.85 and a beta of 0.49. IDACORP, Inc. has a one year low of $111.12 and a one year high of $149.73.

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

IDACORP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 5th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. IDACORP’s dividend payout ratio (DPR) is currently 58.57%.

Insider Activity at IDACORP

In related news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $140.95, for a total value of $211,425.00. Following the sale, the vice president owned 2,138 shares of the company’s stock, valued at approximately $301,351.10. The trade was a 41.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. UBS Group increased their price objective on IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Mizuho set a $157.00 price objective on IDACORP in a report on Friday, May 1st. Wells Fargo & Company restated an “underweight” rating and issued a $121.00 price objective on shares of IDACORP in a report on Tuesday, April 21st. Wall Street Zen upgraded IDACORP from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings upgraded IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, IDACORP currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.57.

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.