Keybank National Association OH Trims Holdings in IDACORP, Inc. $IDA

Keybank National Association OH decreased its holdings in shares of IDACORP, Inc. (NYSE:IDA) by 28.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,139 shares of the energy company’s stock after selling 8,496 shares during the period. Keybank National Association OH’s holdings in IDACORP were worth $3,022,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IDA. IFM Investors Pty Ltd bought a new stake in shares of IDACORP in the 1st quarter worth approximately $551,000. Louisiana State Employees Retirement System bought a new position in shares of IDACORP during the first quarter valued at approximately $2,245,000. Kestra Private Wealth Services LLC bought a new position in shares of IDACORP during the first quarter valued at approximately $242,000. Mountain Pacific Investment Advisers LLC purchased a new stake in IDACORP in the first quarter worth $210,000. Finally, SG Americas Securities LLC lifted its stake in IDACORP by 6.1% in the first quarter. SG Americas Securities LLC now owns 46,193 shares of the energy company’s stock worth $6,604,000 after acquiring an additional 2,675 shares during the period. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Insider Buying and Selling at IDACORP

In other news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction that occurred on 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 in the company, valued at approximately $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

IDACORP Price Performance

Shares of IDA stock opened at $154.63 on Monday. The business’s fifty day moving average is $143.79 and its 200 day moving average is $139.55. 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 stock has a market cap of $8.57 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 3.08 and a beta of 0.48. IDACORP, Inc. has a twelve month low of $113.99 and a twelve month high of $154.90.

IDACORP (NYSE:IDA) last announced its quarterly earnings data on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.The business had revenue of $403.41 million during the quarter, compared to analyst estimates of $437.51 million. During the same quarter last year, the firm posted $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. Research analysts expect that IDACORP, Inc. will post 6.39 EPS for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 5th were paid 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 dividend yield of 2.3%. IDACORP’s dividend payout ratio (DPR) is currently 58.57%.

Analyst Ratings Changes

IDA has been the topic of a number of research analyst reports. Mizuho set a $157.00 price objective on shares of IDACORP in a research report on Friday, May 1st. Barclays raised their target price on shares of IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $152.00 target price on shares of IDACORP in a research note on Wednesday, June 24th. Weiss Ratings upgraded shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $121.00 price target on shares of IDACORP in a research note on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, IDACORP has a consensus rating of “Moderate Buy” and a consensus price target of $149.29.

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.