IDACORP, Inc. $IDA Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group reduced its holdings in shares of IDACORP, Inc. (NYSE:IDA) by 12.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 340,466 shares of the energy company’s stock after selling 50,194 shares during the quarter. Schroder Investment Management Group owned 0.63% of IDACORP worth $44,499,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in IDACORP by 124.7% during the 3rd quarter. Parallel Advisors LLC now owns 2,460 shares of the energy company’s stock worth $325,000 after purchasing an additional 1,365 shares during the period. Natixis Advisors LLC lifted its stake in shares of IDACORP by 10.8% during the third quarter. Natixis Advisors LLC now owns 71,322 shares of the energy company’s stock worth $9,425,000 after purchasing an additional 6,941 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of IDACORP by 57.1% in the third quarter. Gamco Investors INC. ET AL now owns 11,000 shares of the energy company’s stock worth $1,454,000 after buying an additional 4,000 shares during the period. Barclays PLC grew its stake in shares of IDACORP by 338.4% in the third quarter. Barclays PLC now owns 128,659 shares of the energy company’s stock valued at $17,002,000 after buying an additional 99,309 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of IDACORP by 9.5% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 20,508 shares of the energy company’s stock valued at $2,710,000 after buying an additional 1,786 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

IDACORP Price Performance

Shares of IDA stock opened at $140.65 on Thursday. The firm has a market cap of $7.72 billion, a P/E ratio of 23.84, a P/E/G ratio of 2.73 and a beta of 0.58. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.93 and a quick ratio of 0.68. IDACORP, Inc. has a 1-year low of $108.15 and a 1-year high of $145.94. The firm has a fifty day moving average of $136.20 and a two-hundred day moving average of $131.49.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The business had revenue of $405.24 million for 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 quarter in the prior year, the business posted $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, research analysts anticipate that IDACORP, Inc. will post 5.81 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th were paid a dividend of $0.88 per share. The ex-dividend date was Thursday, February 5th. This represents a $3.52 annualized dividend and a yield of 2.5%. IDACORP’s dividend payout ratio is presently 59.66%.

Analyst Ratings Changes

Several brokerages have issued reports on IDA. Wells Fargo & Company downgraded shares of IDACORP from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $129.00 to $118.00 in a research report on Tuesday, January 20th. Barclays raised their price target on shares of IDACORP from $144.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a research report on Thursday, January 22nd. BTIG Research restated a “buy” rating and set a $156.00 target price on shares of IDACORP in a research note on Friday, January 30th. Finally, Morgan Stanley set a $155.00 target price on IDACORP in a research report on Friday, February 20th. Seven 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 stock. Based on data from MarketBeat.com, IDACORP presently has an average rating of “Moderate Buy” and an average target price of $143.00.

Insider Buying and Selling

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

About IDACORP

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.