IDACORP, Inc. $IDA Shares Purchased by BROOKFIELD Corp ON

BROOKFIELD Corp ON boosted its holdings in IDACORP, Inc. (NYSE:IDA) by 24.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 311,159 shares of the energy company’s stock after acquiring an additional 60,508 shares during the quarter. BROOKFIELD Corp ON’s holdings in IDACORP were worth $44,486,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Orion Porfolio Solutions LLC boosted its position in shares of IDACORP by 3,215.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock worth $69,784,000 after purchasing an additional 586,221 shares in the last quarter. Zimmer Partners LP purchased a new position in shares of IDACORP in the 3rd quarter valued at about $71,031,000. Capital Research Global Investors acquired a new stake in shares of IDACORP in the fourth quarter valued at about $44,511,000. Invesco Ltd. lifted its stake in shares of IDACORP by 139.4% in the third quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock valued at $78,208,000 after purchasing an additional 344,622 shares during the period. Finally, Life Cycle Investment Partners Ltd purchased a new stake in IDACORP during the fourth quarter worth about $38,817,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

IDACORP Price Performance

IDACORP stock opened at $148.80 on Monday. The firm has a market capitalization of $8.25 billion, a PE ratio of 24.76, a P/E/G ratio of 2.96 and a beta of 0.48. IDACORP, Inc. has a 52 week low of $120.52 and a 52 week high of $154.91. The firm’s 50-day simple moving average is $145.27 and its 200 day simple moving average is $141.94. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 1.01.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $403.41 million during the quarter, compared to the consensus estimate of $437.51 million. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. During the same period last year, the firm posted $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, equities research analysts predict that IDACORP, Inc. will post 6.39 EPS for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 5th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 5th. IDACORP’s dividend payout ratio (DPR) is 58.57%.

Analysts Set New Price Targets

Several research analysts have weighed in on IDA shares. Wall Street Zen upgraded shares of IDACORP from a “strong sell” rating to a “sell” rating in a research report on Saturday. Barclays lifted their price target on shares of IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Wells Fargo & Company raised IDACORP from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $121.00 to $154.00 in a research note on Tuesday, July 21st. BTIG Research restated a “buy” rating and issued a $160.00 price target on shares of IDACORP in a report on Thursday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $156.00 price objective on shares of IDACORP in a research note on Wednesday. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.14.

Insider Buying and Selling at IDACORP

In related news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP 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 directly owned 2,138 shares in the company, valued at $301,351.10. The trade was a 41.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by company insiders.

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.