JPMorgan Chase & Co. Has $40.21 Million Holdings in IDACORP, Inc. $IDA

JPMorgan Chase & Co. decreased its holdings in IDACORP, Inc. (NYSE:IDA) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 304,269 shares of the energy company’s stock after selling 13,837 shares during the period. JPMorgan Chase & Co.’s holdings in IDACORP were worth $40,209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IDA. Quent Capital LLC acquired a new position in shares of IDACORP during the 3rd quarter worth approximately $30,000. Legacy Investment Solutions LLC bought a new position in IDACORP during the second quarter worth $28,000. Smartleaf Asset Management LLC increased its holdings in shares of IDACORP by 62.0% in the second quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock valued at $36,000 after purchasing an additional 119 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of IDACORP by 33.6% in the second quarter. Parkside Financial Bank & Trust now owns 382 shares of the energy company’s stock valued at $44,000 after purchasing an additional 96 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of IDACORP by 160.2% in the third quarter. Farther Finance Advisors LLC now owns 458 shares of the energy company’s stock valued at $61,000 after purchasing an additional 282 shares during the period. 89.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on IDA shares. UBS Group upped their price target on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Wells Fargo & Company lowered IDACORP from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $129.00 to $118.00 in a research note on Tuesday, January 20th. BTIG Research reissued a “buy” rating and set a $156.00 price target on shares of IDACORP in a report on Friday, January 30th. Barclays boosted their price target on IDACORP from $144.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Mizuho increased their price objective on IDACORP from $141.00 to $148.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, IDACORP currently has a consensus rating of “Moderate Buy” and an average price target of $141.22.

Insider Buying and Selling at IDACORP

In related news, VP Julia A. Hilton sold 1,000 shares of IDACORP stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total transaction of $142,790.00. Following the sale, the vice president directly owned 2,313 shares of the company’s stock, valued at approximately $330,273.27. The trade was a 30.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

IDACORP Stock Up 0.9%

Shares of IDA opened at $143.62 on Friday. The firm has a 50 day simple moving average of $133.40 and a two-hundred day simple moving average of $130.42. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.93 and a quick ratio of 0.68. IDACORP, Inc. has a one year low of $108.15 and a one year high of $145.94. The company has a market cap of $7.88 billion, a P/E ratio of 24.34, a P/E/G ratio of 2.76 and a beta of 0.59.

IDACORP (NYSE:IDA) last issued its quarterly earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. IDACORP had a return on equity of 9.36% and a net margin of 17.84%.The company had revenue of $405.24 million for the quarter, compared to analyst estimates of $533.06 million. During the same quarter last year, the company posted $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Research analysts forecast that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 5th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. IDACORP’s dividend payout ratio is 59.66%.

IDACORP Company Profile

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.