IDACORP, Inc. $IDA Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC lessened its position in IDACORP, Inc. (NYSE:IDA) by 17.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,629 shares of the energy company’s stock after selling 10,178 shares during the period. River Road Asset Management LLC owned approximately 0.08% of IDACORP worth $5,901,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IDA. Orion Porfolio Solutions LLC increased its holdings in shares of IDACORP by 3,215.7% during the second quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock valued at $69,784,000 after purchasing an additional 586,221 shares during the period. Zimmer Partners LP bought a new position in IDACORP in the 3rd quarter valued at about $71,031,000. Capital Research Global Investors bought a new position in IDACORP in the 4th quarter valued at about $44,511,000. Invesco Ltd. increased its stake in IDACORP by 139.4% during the 3rd quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock valued at $78,208,000 after buying an additional 344,622 shares during the period. Finally, Life Cycle Investment Partners Ltd acquired a new position in IDACORP during the 4th quarter valued at about $38,817,000. 89.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings raised shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Mizuho set a $157.00 price objective on shares of IDACORP in a research note on Friday, May 1st. Wells Fargo & Company reissued an “underweight” rating and set a $121.00 target price on shares of IDACORP in a report on Tuesday, April 21st. UBS Group upped their target price on IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, Wall Street Zen raised IDACORP from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.57.

IDACORP Trading Down 0.2%

Shares of IDA opened at $142.11 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. IDACORP, Inc. has a 1-year low of $113.06 and a 1-year high of $149.73. The stock has a market capitalization of $7.87 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.84 and a beta of 0.49. The business’s 50-day moving average price is $143.05 and its 200 day moving average price is $137.84.

IDACORP (NYSE:IDA) last released its earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $403.41 million for 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 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Analysts expect that IDACORP, Inc. will post 6.39 earnings per share for the current year.

IDACORP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 5th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, May 5th. IDACORP’s payout ratio is 58.57%.

Insider Transactions at IDACORP

In other news, VP James Bo D. Hanchey sold 1,500 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $140.95, for a total value of $211,425.00. Following the completion of the sale, the vice president owned 2,138 shares in the company, valued at $301,351.10. This represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.