Key Points
- IDACORP VP James Bo Hanchey sold 1,500 shares on May 29 at an average price of $140.95, totaling about $211,425. After the sale, he still held 2,138 shares, a 41.23% reduction in his position.
- The stock was down 3.7% and opened at $135.10, while recent trading showed a 52-week range of $111.12 to $149.73. IDACORP also carries a market cap of about $7.49 billion.
- IDACORP beat Q1 earnings expectations with EPS of $1.21 versus the $1.12 consensus, though revenue missed estimates. The company paid a $0.88 quarterly dividend, yielding 2.6% annually, and analysts currently view the stock as a Moderate Buy with a consensus target of $148.57.
IDACORP, Inc. (NYSE:IDA - Get Free Report) VP James Bo Hanchey sold 1,500 shares of the 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 transaction, the vice president owned 2,138 shares of the company's stock, valued at $301,351.10. The trade was a 41.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
IDACORP Stock Down 3.7%
IDA stock opened at $135.10 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 1.21. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.80 and a beta of 0.49. IDACORP, Inc. has a fifty-two week low of $111.12 and a fifty-two week high of $149.73. The stock has a fifty day moving average of $143.32 and a 200-day moving average of $136.75.
IDACORP (NYSE:IDA - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The energy company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.09. The business had revenue of $403.41 million for the quarter, compared to analysts' expectations of $437.51 million. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.During the same quarter in the prior year, the firm posted $1.10 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, equities research analysts predict that IDACORP, Inc. will post 6.39 earnings per share for the current year.
IDACORP Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 5th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. IDACORP's dividend payout ratio is 58.57%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on IDA. Wells Fargo & Company reissued an "underweight" rating and set a $121.00 price objective on shares of IDACORP in a report on Tuesday, April 21st. Morgan Stanley set a $147.00 price objective on IDACORP in a report on Thursday, May 21st. Weiss Ratings raised IDACORP from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, May 6th. Mizuho set a $157.00 price objective on IDACORP in a report on Friday, May 1st. Finally, Barclays increased their price objective on IDACORP from $159.00 to $167.00 and gave the stock an "overweight" rating in a report on Tuesday, May 5th. Six 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $148.57.
Check Out Our Latest Stock Report on IDA
Hedge Funds Weigh In On IDACORP
Several institutional investors have recently modified their holdings of IDA. Orion Porfolio Solutions LLC increased its position in shares of IDACORP by 3,215.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company's stock valued at $69,784,000 after purchasing an additional 586,221 shares during the last quarter. Zimmer Partners LP bought a new position in shares of IDACORP during the 3rd quarter valued at about $71,031,000. Capital Research Global Investors bought a new position in shares of IDACORP during the 4th quarter valued at about $44,511,000. Invesco Ltd. increased its position in shares of IDACORP by 139.4% during the 3rd quarter. Invesco Ltd. now owns 591,812 shares of the energy company's stock valued at $78,208,000 after purchasing an additional 344,622 shares during the last quarter. Finally, Life Cycle Investment Partners Ltd bought a new position in shares of IDACORP during the 4th quarter valued at about $38,817,000. 89.10% of the stock is currently owned by institutional investors.
IDACORP Company Profile
(
Get Free Report)
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.
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