Tema ETFs LLC Purchases 78,540 Shares of IDACORP, Inc. $IDA

Tema ETFs LLC lifted its position in shares of IDACORP, Inc. (NYSE:IDA) by 66.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 196,574 shares of the energy company’s stock after buying an additional 78,540 shares during the quarter. Tema ETFs LLC’s holdings in IDACORP were worth $29,742,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in IDACORP by 9.9% in the 4th quarter. Morgan Stanley now owns 2,103,940 shares of the energy company’s stock valued at $266,275,000 after acquiring an additional 188,845 shares in the last quarter. State Street Corp increased its holdings in shares of IDACORP by 0.6% in the 4th quarter. State Street Corp now owns 1,887,948 shares of the energy company’s stock worth $238,939,000 after purchasing an additional 11,403 shares in the last quarter. Reaves W H & Co. Inc. increased its holdings in shares of IDACORP by 6.3% in the 4th quarter. Reaves W H & Co. Inc. now owns 1,807,811 shares of the energy company’s stock worth $228,797,000 after purchasing an additional 107,131 shares in the last quarter. Jennison Associates LLC raised its stake in shares of IDACORP by 0.9% in the first quarter. Jennison Associates LLC now owns 1,497,342 shares of the energy company’s stock worth $214,075,000 after purchasing an additional 13,694 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position 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 buying an additional 13,283 shares during the last quarter. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

IDACORP Price Performance

NYSE IDA opened at $140.16 on Wednesday. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 2.41 and a beta of 0.48. IDACORP, Inc. has a 1-year low of $122.30 and a 1-year high of $154.91. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.75. The business’s fifty day moving average price is $145.92 and its 200-day moving average price is $143.00.

IDACORP (NYSE:IDA) last issued its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.78 by $0.01. The company had revenue of $469.80 million during the quarter, compared to analyst estimates of $511.87 million. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.During the same quarter in the previous year, the company posted $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, equities analysts predict that IDACORP, Inc. will post 6.39 earnings per share for the current year.

IDACORP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 5th. IDACORP’s dividend payout ratio (DPR) is presently 58.28%.

Analyst Ratings Changes

Several research firms recently commented on IDA. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a report on Monday, August 3rd. Wells Fargo & Company upped their target price on shares of IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. BTIG Research reaffirmed a “buy” rating and set a $160.00 price target on shares of IDACORP in a report on Thursday, July 23rd. Mizuho set a $157.00 price target on shares of IDACORP in a research note on Friday, May 1st. Finally, Wall Street Zen raised shares of IDACORP from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Insider Activity

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $140.95, for a total transaction of $211,425.00. Following the completion of the sale, the vice president directly owned 2,138 shares in the company, valued at $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 is available through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

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.