First National Bank of Omaha Purchases Shares of 45,490 IDACORP, Inc. $IDA

First National Bank of Omaha purchased a new stake in IDACORP, Inc. (NYSE:IDA) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 45,490 shares of the energy company’s stock, valued at approximately $6,883,000.

Several other large investors also recently made changes to their positions in the stock. Torren Management LLC acquired a new stake in shares of IDACORP during the fourth quarter worth $25,000. Western Wealth Management LLC acquired a new position in IDACORP in the 1st quarter worth $29,000. Caitong International Asset Management Co. Ltd boosted its stake in IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after purchasing an additional 189 shares during the period. Trust Co. of Vermont bought a new position in IDACORP during the 2nd quarter worth about $30,000. Finally, Measured Wealth Private Client Group LLC bought a new position in IDACORP during the 3rd quarter worth about $34,000. Institutional investors own 89.10% of the company’s stock.

IDACORP Price Performance

Shares of IDA opened at $142.19 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. The company’s fifty day simple moving average is $146.20 and its 200 day simple moving average is $143.31. IDACORP, Inc. has a 1-year low of $122.30 and a 1-year high of $154.91. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.46 and a beta of 0.48.

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

IDACORP Dividend Announcement

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

Insider Buying and Selling

In related news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP 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 transaction, the vice president owned 2,138 shares in the company, valued at approximately $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on IDA shares. Wall Street Zen upgraded IDACORP from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Mizuho set a $157.00 target price on IDACORP in a research report on Friday, May 1st. Barclays cut their target price on IDACORP from $167.00 to $162.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IDACORP in a research report on Monday, August 3rd. Finally, Wells Fargo & Company raised their price target on shares of IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, IDACORP has an average rating of “Moderate Buy” and a consensus target price of $154.57.

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.