Arbejdsmarkedets Tillaegspension Makes New $23.54 Million Investment in IDACORP, Inc. $IDA

Arbejdsmarkedets Tillaegspension bought a new position in shares of IDACORP, Inc. (NYSE:IDA) in the fourth quarter, Holdings Channel.com reports. The firm bought 185,982 shares of the energy company’s stock, valued at approximately $23,538,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IDA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 period. Goldman Sachs Group Inc. boosted its position in shares of IDACORP by 6.8% in the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock valued at $39,805,000 after acquiring an additional 21,890 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of IDACORP by 8.2% in 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 valued at $16,698,000 after acquiring an additional 10,855 shares during the period. American Century Companies Inc. boosted its position in shares of IDACORP by 12.6% in the second quarter. American Century Companies Inc. now owns 18,035 shares of the energy company’s stock valued at $2,082,000 after acquiring an additional 2,016 shares during the period. Finally, Invesco Ltd. boosted its position in shares of IDACORP by 5.7% in the second quarter. Invesco Ltd. now owns 247,190 shares of the energy company’s stock valued at $28,538,000 after acquiring an additional 13,297 shares during the period. Institutional investors own 89.10% of the company’s stock.

Insider Activity at IDACORP

In related news, VP Julia A. Hilton sold 1,000 shares of IDACORP stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total value of $142,790.00. Following the transaction, the vice president directly owned 2,313 shares of the company’s stock, valued at $330,273.27. The trade was a 30.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IDA. Weiss Ratings upgraded shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. BTIG Research reaffirmed a “buy” rating and issued a $156.00 target price on shares of IDACORP in a research note on Friday, January 30th. UBS Group raised their target price 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. Morgan Stanley reaffirmed an “overweight” rating and issued a $157.00 target price on shares of IDACORP in a research note on Monday, April 27th. Finally, Mizuho set a $157.00 price objective on shares of IDACORP in a report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

IDACORP Stock Up 0.1%

Shares of NYSE IDA opened at $142.39 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. IDACORP, Inc. has a 52 week low of $111.12 and a 52 week high of $149.73. The firm’s fifty day moving average is $143.50 and its 200 day moving average is $135.88. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 2.84 and a beta of 0.52.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. The company had revenue of $403.41 million for the quarter, compared to the consensus estimate of $437.51 million. During the same period in the previous year, the firm earned $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, equities research 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 will be paid on Monday, June 1st. Investors of record on Tuesday, May 5th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, May 5th. IDACORP’s payout ratio is presently 58.57%.

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.