IDACORP, Inc. $IDA Position Raised by NFSG Corp

NFSG Corp boosted its holdings in shares of IDACORP, Inc. (NYSE:IDA) by 12,090.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,876 shares of the energy company’s stock after buying an additional 4,836 shares during the quarter. NFSG Corp’s holdings in IDACORP were worth $637,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IDA. Osterweis Capital Management Inc. bought a new stake in shares of IDACORP during the 2nd quarter worth about $25,000. Western Wealth Management LLC acquired a new position in shares of IDACORP during the 1st quarter valued at about $29,000. Trust Co. of Vermont bought a new position in shares of IDACORP in the 2nd quarter valued at approximately $30,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of IDACORP in the 2nd quarter valued at approximately $33,000. Finally, Summit Securities Group LLC bought a new position in shares of IDACORP in the 1st quarter valued at approximately $37,000. 89.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on IDA shares. Wall Street Zen raised IDACORP from a “sell” rating to a “hold” rating in a research report on Sunday, September 6th. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a research report on Monday, August 3rd. Morgan Stanley dropped their price target on shares of IDACORP from $151.00 to $143.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. Wells Fargo & Company boosted their price objective 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. Finally, Barclays decreased their price objective on shares of IDACORP from $162.00 to $149.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $150.86.

IDACORP Stock Performance

Shares of NYSE:IDA traded up $1.65 during midday trading on Friday, hitting $138.48. The company’s stock had a trading volume of 560,295 shares, compared to its average volume of 692,133. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 0.99. The stock’s 50 day simple moving average is $135.46 and its 200 day simple moving average is $141.70. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 2.37 and a beta of 0.48. IDACORP, Inc. has a fifty-two week low of $124.12 and a fifty-two week high of $154.91.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, topping 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 business had revenue of $469.80 million during the quarter, compared to analysts’ expectations of $511.87 million. During the same quarter in the previous year, the firm earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, research analysts anticipate that IDACORP, Inc. will post 6.39 earnings per share for the current year.

IDACORP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 5th will be issued a $0.90 dividend. This is an increase from IDACORP’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $3.60 dividend on an annualized basis and a yield of 2.6%. IDACORP’s payout ratio is 58.28%.

IDACORP Profile

IDACORP, Inc (NYSE: IDA) is an energy holding company headquartered in Boise, Idaho. Its principal subsidiary, Idaho Power Company, is a regulated electric utility that generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.

Idaho Power serves a broad territory covering southern Idaho and eastern Oregon. Its electricity supply portfolio includes hydroelectric generation, natural gas and other thermal resources, as well as power purchased from renewable and other third-party sources.