James Bo Hanchey Sells 1,500 Shares of IDACORP (NYSE:IDA) Stock

IDACORP, Inc. (NYSE:IDA) VP James Bo Hanchey sold 1,500 shares of the company’s 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 of the company’s stock, valued at $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

IDACORP Trading Up 1.0%

NYSE:IDA opened at $136.37 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 0.95. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 2.69 and a beta of 0.49. IDACORP, Inc. has a one year low of $111.12 and a one year high of $149.73. The business has a fifty day moving average price of $143.32 and a 200-day moving average price of $136.75.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $403.41 million during the quarter, compared to analyst estimates of $437.51 million. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.During the same period in the prior year, the business posted $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Sell-side analysts forecast that IDACORP, Inc. will post 6.39 EPS for the current year.

IDACORP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 5th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Tuesday, May 5th. IDACORP’s dividend payout ratio is 58.57%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings upgraded IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Morgan Stanley set a $147.00 price target on IDACORP in a research note on Thursday, May 21st. Wells Fargo & Company reiterated an “underweight” rating and issued a $121.00 price target on shares of IDACORP in a research note on Tuesday, April 21st. UBS Group increased their price target on IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Finally, Barclays increased their price target on IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.57.

Institutional Investors Weigh In On IDACORP

A number of institutional investors have recently bought and sold shares of IDA. Torren Management LLC purchased a new position in shares of IDACORP during the fourth quarter valued at about $25,000. Western Wealth Management LLC purchased a new position in shares of IDACORP during the first quarter valued at about $29,000. Caitong International Asset Management Co. Ltd grew its position in shares of IDACORP by 630.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after purchasing an additional 189 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of IDACORP during the third quarter valued at about $34,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of IDACORP during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

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.