Aristotle Capital Boston LLC Purchases New Position in IDACORP, Inc. $IDA

Aristotle Capital Boston LLC purchased a new stake in IDACORP, Inc. (NYSE:IDA) during the 4th quarter, HoldingsChannel reports. The fund purchased 83,126 shares of the energy company’s stock, valued at approximately $10,520,000.

Other institutional investors have also bought and sold shares of the company. Guggenheim Capital LLC boosted its stake in IDACORP by 37.7% in the fourth quarter. Guggenheim Capital LLC now owns 9,838 shares of the energy company’s stock worth $1,245,000 after purchasing an additional 2,696 shares in the last quarter. Cetera Investment Advisers boosted its stake in IDACORP by 5.2% in the fourth quarter. Cetera Investment Advisers now owns 16,137 shares of the energy company’s stock worth $2,042,000 after purchasing an additional 799 shares in the last quarter. Colter Lewis Investment Partners LLC acquired a new position in IDACORP in the fourth quarter worth $206,000. Jain Global LLC acquired a new position in IDACORP in the fourth quarter worth $9,216,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in IDACORP by 5.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 49,217 shares of the energy company’s stock worth $6,229,000 after purchasing an additional 2,524 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on IDA. Wells Fargo & Company reissued an “underweight” rating and issued a $121.00 price objective on shares of IDACORP in a research note on Tuesday, April 21st. Barclays boosted their price objective on IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Wall Street Zen raised IDACORP from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 12th. UBS Group boosted 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. Finally, Weiss Ratings upgraded IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.57.

IDACORP Trading Down 0.9%

IDA stock opened at $141.83 on Thursday. The company has a market cap of $7.86 billion, a P/E ratio of 23.60, a PEG ratio of 2.85 and a beta of 0.49. IDACORP, Inc. has a twelve month low of $112.85 and a twelve month high of $149.73. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. The business has a fifty day moving average of $143.20 and a 200-day moving average of $137.74.

IDACORP (NYSE:IDA) last released 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. The company had revenue of $403.41 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, equities research analysts expect 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. The ex-dividend date was Tuesday, May 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. IDACORP’s payout ratio is presently 58.57%.

Insider Buying and Selling

In related news, VP James Bo D. Hanchey sold 1,500 shares of the company’s 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 completion of the sale, the vice president owned 2,138 shares in the company, valued at approximately $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 can be accessed through this link. Corporate insiders own 0.33% of the company’s stock.

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.