IDACORP, Inc. $IDA Shares Purchased by Jennison Associates LLC

Jennison Associates LLC raised its holdings in IDACORP, Inc. (NYSE:IDA) by 8.3% during the 4th quarter, Holdings Channel reports. The firm owned 1,483,648 shares of the energy company’s stock after buying an additional 113,579 shares during the quarter. Jennison Associates LLC’s holdings in IDACORP were worth $187,770,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Alps Advisors Inc. grew its holdings in IDACORP by 31.8% in the third quarter. Alps Advisors Inc. now owns 29,178 shares of the energy company’s stock valued at $3,856,000 after purchasing an additional 7,036 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of IDACORP in the third quarter valued at approximately $21,486,000. SG Americas Securities LLC lifted its position in shares of IDACORP by 418.2% in the third quarter. SG Americas Securities LLC now owns 37,846 shares of the energy company’s stock valued at $5,001,000 after acquiring an additional 30,543 shares in the last quarter. Phocas Financial Corp. purchased a new position in shares of IDACORP in the fourth quarter valued at approximately $7,171,000. Finally, HighTower Advisors LLC lifted its position in shares of IDACORP by 122.2% in the third quarter. HighTower Advisors LLC now owns 30,367 shares of the energy company’s stock valued at $4,013,000 after acquiring an additional 16,699 shares in the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of IDACORP stock in a transaction 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 sale, the vice president owned 2,313 shares in the company, valued at $330,273.27. The trade was a 30.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

IDACORP Stock Performance

Shares of IDACORP stock opened at $147.44 on Thursday. IDACORP, Inc. has a one year low of $108.15 and a one year high of $149.73. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 2.90 and a beta of 0.54. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93. The business’s 50 day moving average price is $143.18 and its 200 day moving average price is $135.33.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.10. IDACORP had a return on equity of 9.36% and a net margin of 17.84%.The company had revenue of $403.41 million for the quarter, compared to the consensus estimate of $434.40 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, research analysts predict that IDACORP, Inc. will post 6.39 EPS for the current year.

IDACORP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 5th will be given a $0.88 dividend. The ex-dividend date is Tuesday, May 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. IDACORP’s payout ratio is currently 59.66%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on IDA shares. Jefferies Financial Group decreased their target price on IDACORP from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Morgan Stanley restated an “overweight” rating and issued a $157.00 target price on shares of IDACORP in a research report on Monday. Mizuho raised their target price on IDACORP from $141.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Barclays raised their target price on IDACORP from $149.00 to $159.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, BTIG Research restated a “buy” rating and issued a $156.00 target price on shares of IDACORP in a research report on Friday, January 30th. Seven research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.88.

IDACORP 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.