Wood Tarver Financial Group LLC Purchases Shares of 4,216 IDACORP, Inc. $IDA

Wood Tarver Financial Group LLC acquired a new position in shares of IDACORP, Inc. (NYSE:IDA) during the second quarter, HoldingsChannel reports. The institutional investor acquired 4,216 shares of the energy company’s stock, valued at approximately $637,000.

Several other institutional investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in IDACORP by 79.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock valued at $690,000 after acquiring an additional 2,625 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of IDACORP by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock worth $39,805,000 after purchasing an additional 21,890 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of IDACORP by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company’s stock worth $16,698,000 after purchasing an additional 10,855 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of IDACORP by 12.6% in the 2nd quarter. American Century Companies Inc. now owns 18,035 shares of the energy company’s stock valued at $2,082,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of IDACORP by 5.7% in the 2nd quarter. Invesco Ltd. now owns 247,190 shares of the energy company’s stock valued at $28,538,000 after purchasing an additional 13,297 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on IDA. Barclays dropped their price target on IDACORP from $167.00 to $162.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. Morgan Stanley reduced their price objective on IDACORP from $156.00 to $151.00 and set an “overweight” rating for the company in a research note on Friday. Wells Fargo & Company increased their price objective on IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Mizuho set a $157.00 target price on shares of IDACORP in a report on Friday, May 1st. Finally, BTIG Research reiterated a “buy” rating and issued a $160.00 price target on shares of IDACORP in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, IDACORP currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.86.

Insider Transactions at IDACORP

In related news, VP James Bo D. Hanchey sold 1,500 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $140.95, for a total transaction of $211,425.00. Following the completion of the transaction, the vice president directly owned 2,138 shares of the company’s stock, 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 SEC, which is available at this link. 0.33% of the stock is owned by corporate insiders.

IDACORP Price Performance

IDACORP stock opened at $138.15 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.75. The business has a 50 day simple moving average of $145.94 and a 200-day simple moving average of $143.50. IDACORP, Inc. has a 12 month low of $122.30 and a 12 month high of $154.91. The stock has a market capitalization of $7.99 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.37 and a beta of 0.48.

IDACORP (NYSE:IDA) last announced its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.01. The company had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $511.87 million. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. During the same period in the previous year, the company posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Equities analysts predict that IDACORP, Inc. will post 6.38 earnings per share for the current year.

IDACORP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 5th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, August 5th. IDACORP’s payout ratio is 58.28%.

IDACORP 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.