Quantinno Capital Management LP Acquires 3,669 Shares of IDACORP, Inc. $IDA

Quantinno Capital Management LP increased its holdings in shares of IDACORP, Inc. (NYSE:IDA) by 5.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,041 shares of the energy company’s stock after purchasing an additional 3,669 shares during the period. Quantinno Capital Management LP owned approximately 0.13% of IDACORP worth $10,157,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Torren Management LLC bought a new stake in IDACORP during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its stake in IDACORP by 630.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after buying an additional 189 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of IDACORP in the first quarter valued at approximately $37,000. Measured Wealth Private Client Group LLC acquired a new position in shares of IDACORP in the third quarter valued at approximately $34,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of IDACORP during the fourth quarter worth $35,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IDA. Barclays dropped their price objective on shares of IDACORP from $167.00 to $162.00 and set an “overweight” rating on the stock in a report on Monday. Weiss Ratings upgraded IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded IDACORP from a “sell” rating to a “hold” rating in a report on Sunday. Wells Fargo & Company boosted their price target on IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $156.00 price objective on shares of IDACORP in a research report on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, IDACORP has an average rating of “Moderate Buy” and an average price target of $154.57.

Insider Buying and Selling at IDACORP

In related news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $140.95, for a total value of $211,425.00. Following the sale, the vice president owned 2,138 shares of the company’s stock, valued at approximately $301,351.10. The trade was a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by insiders.

IDACORP Stock Performance

Shares of IDA stock opened at $144.69 on Wednesday. IDACORP, Inc. has a 12 month low of $122.30 and a 12 month high of $154.91. The company’s fifty day simple moving average is $145.72 and its 200-day simple moving average is $142.74. The firm has a market cap of $8.37 billion, a PE ratio of 23.96, a P/E/G ratio of 2.47 and a beta of 0.48. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97.

IDACORP (NYSE:IDA) last released its earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.01. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. The business had revenue of $469.80 million during the quarter, compared to the consensus estimate of $511.87 million. During the same quarter last year, the firm earned $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Equities research analysts expect that IDACORP, Inc. will post 6.39 EPS for the current fiscal year.

IDACORP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 5th will be issued a $0.88 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. IDACORP’s dividend payout ratio (DPR) is presently 58.28%.

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.