49,090 Shares in IDACORP, Inc. $IDA Purchased by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP purchased a new stake in IDACORP, Inc. (NYSE:IDA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,090 shares of the energy company’s stock, valued at approximately $7,427,000. Kayne Anderson Capital Advisors LP owned about 0.08% of IDACORP as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of IDA. AssuredPartners Investment Advisors LLC grew its position in shares of IDACORP by 5.1% during the fourth quarter. AssuredPartners Investment Advisors LLC now owns 1,653 shares of the energy company’s stock worth $209,000 after buying an additional 80 shares in the last quarter. Harbour Investments Inc. boosted its stake in IDACORP by 48.0% during the 4th quarter. Harbour Investments Inc. now owns 302 shares of the energy company’s stock valued at $38,000 after acquiring an additional 98 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in IDACORP by 1.6% during the 1st quarter. Sanctuary Advisors LLC now owns 6,482 shares of the energy company’s stock valued at $927,000 after acquiring an additional 103 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in IDACORP by 1.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 5,738 shares of the energy company’s stock worth $758,000 after acquiring an additional 106 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in IDACORP by 0.9% during the 4th quarter. Advisors Asset Management Inc. now owns 11,668 shares of the energy company’s stock worth $1,477,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

Insider Activity

In related news, VP James Bo D. Hanchey sold 1,500 shares of the business’s stock in a transaction that occurred on 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 $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. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

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

IDACORP Trading Down 0.3%

NYSE IDA opened at $140.27 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 0.99. IDACORP, Inc. has a one year low of $122.30 and a one year high of $154.91. The company has a 50-day simple moving average of $146.15 and a 200-day simple moving average of $143.42. The firm has a market capitalization of $8.11 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.01. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. The firm had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $511.87 million. 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, equities analysts forecast that IDACORP, Inc. will post 6.39 earnings per share for the current year.

IDACORP Dividend Announcement

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

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.