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

IDACORP, Inc. (NYSE:IDA) VP James Bo Hanchey sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $140.95, for a total value of $211,425.00. Following the completion of the transaction, the vice president directly owned 2,138 shares in the company, valued at approximately $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

IDACORP Price Performance

Shares of IDA opened at $135.10 on Tuesday. IDACORP, Inc. has a 52-week low of $111.12 and a 52-week high of $149.73. 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 business’s 50 day moving average price is $143.32 and its two-hundred day moving average price is $136.75. The firm has a market cap of $7.49 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.80 and a beta of 0.49.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.The company had revenue of $403.41 million for the quarter, compared to analyst estimates of $437.51 million. During the same period in the prior 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 analysts anticipate that IDACORP, Inc. will post 6.39 EPS for the current year.

IDACORP Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on IDA shares. Barclays upped their target price on IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Wall Street Zen raised IDACORP from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 12th. UBS Group upped their target price on IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $121.00 target price on shares of IDACORP in a research report on Tuesday, April 21st. Finally, Mizuho set a $157.00 target price on IDACORP in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $148.57.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IDA. Alps Advisors Inc. grew its stake in shares of IDACORP by 31.8% during the 3rd quarter. Alps Advisors Inc. now owns 29,178 shares of the energy company’s stock worth $3,856,000 after acquiring an additional 7,036 shares during the period. First National Bank of Omaha bought a new position in shares of IDACORP during the 3rd quarter worth $6,480,000. Phocas Financial Corp. bought a new position in shares of IDACORP during the 4th quarter worth $7,171,000. HighTower Advisors LLC grew its stake in shares of IDACORP by 122.2% during the 3rd quarter. HighTower Advisors LLC now owns 30,367 shares of the energy company’s stock worth $4,013,000 after acquiring an additional 16,699 shares during the period. Finally, Citigroup Inc. grew its stake in shares of IDACORP by 102.8% during the 3rd quarter. Citigroup Inc. now owns 72,933 shares of the energy company’s stock worth $9,638,000 after acquiring an additional 36,969 shares during the period. Institutional investors own 89.10% of the company’s stock.

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.