Vise Technologies Inc. Makes New Investment in IDACORP, Inc. $IDA

Vise Technologies Inc. acquired a new position in shares of IDACORP, Inc. (NYSE:IDA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,939 shares of the energy company’s stock, valued at approximately $596,000.

Other large investors have also modified their holdings of the company. Torren Management LLC purchased a new position in shares of IDACORP in the 4th quarter valued at $25,000. Western Wealth Management LLC acquired a new stake in IDACORP during the 1st quarter worth $29,000. Caitong International Asset Management Co. Ltd lifted its position in IDACORP by 630.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after acquiring an additional 189 shares during the last quarter. Trust Co. of Vermont purchased a new stake in IDACORP in the second quarter valued at $30,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in IDACORP in the third quarter valued at $34,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

Insiders Place Their Bets

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $140.95, for a total value of $211,425.00. Following the transaction, the vice president directly owned 2,138 shares of the company’s stock, valued at approximately $301,351.10. The trade was a 41.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by company insiders.

IDACORP Price Performance

Shares of NYSE:IDA opened at $138.15 on Tuesday. 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 $145.94 and a 200-day simple moving average of $143.50. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 2.37 and a beta of 0.48.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.78 by $0.01. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.The firm had revenue of $469.80 million during the quarter, compared to the consensus estimate of $511.87 million. During the same period in the prior year, the business earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, analysts predict that IDACORP, Inc. will post 6.38 EPS for the current year.

IDACORP Announces Dividend

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 dividend of $0.88 per share. 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 currently 58.28%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IDACORP in a report on Monday, August 3rd. BTIG Research reissued a “buy” rating and issued a $160.00 target price on shares of IDACORP in a research report on Thursday, July 23rd. Barclays decreased their target price on IDACORP from $167.00 to $162.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Morgan Stanley cut their price target on IDACORP from $156.00 to $151.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Wall Street Zen upgraded IDACORP from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.86.

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.