Aster Capital Management DIFC Ltd Sells 5,601 Shares of IDACORP, Inc. $IDA

Aster Capital Management DIFC Ltd decreased its stake in IDACORP, Inc. (NYSE:IDA) by 61.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,579 shares of the energy company’s stock after selling 5,601 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in IDACORP were worth $473,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of IDA. State Street Corp boosted its stake in IDACORP by 6.3% during the second quarter. State Street Corp now owns 1,873,225 shares of the energy company’s stock worth $216,264,000 after buying an additional 110,885 shares during the period. Reaves W H & Co. Inc. raised its stake in shares of IDACORP by 8.5% in the third quarter. Reaves W H & Co. Inc. now owns 1,700,680 shares of the energy company’s stock valued at $224,745,000 after acquiring an additional 133,836 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of IDACORP by 1.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,404,847 shares of the energy company’s stock worth $162,190,000 after acquiring an additional 13,283 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of IDACORP by 3.5% during the 3rd quarter. Jennison Associates LLC now owns 1,370,069 shares of the energy company’s stock worth $181,055,000 after purchasing an additional 46,413 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of IDACORP by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,021,027 shares of the energy company’s stock worth $117,905,000 after purchasing an additional 15,223 shares during the period. Institutional investors own 89.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on IDA. BTIG Research restated a “buy” rating and set a $156.00 target price on shares of IDACORP in a research report on Friday, January 30th. Barclays boosted their price objective on IDACORP from $144.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday. Jefferies Financial Group reduced their target price on IDACORP from $152.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Wells Fargo & Company downgraded IDACORP from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $129.00 to $118.00 in a research report on Tuesday, January 20th. Finally, Morgan Stanley set a $155.00 target price on shares of IDACORP in a research note on Friday, February 20th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.22.

IDACORP Price Performance

Shares of IDA stock opened at $143.92 on Friday. IDACORP, Inc. has a twelve month low of $108.15 and a twelve month high of $145.94. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93. The stock has a fifty day simple moving average of $133.76 and a two-hundred day simple moving average of $130.56. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 2.79 and a beta of 0.59.

IDACORP (NYSE:IDA) last released its quarterly earnings data on Thursday, February 19th. The energy company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $405.24 million during the quarter, compared to analyst estimates of $533.06 million. IDACORP had a net margin of 17.84% and a return on equity of 9.36%. During the same period in the prior year, the firm earned $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, analysts predict that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 5th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, February 5th. IDACORP’s dividend payout ratio (DPR) is presently 59.66%.

Insider Buying and Selling

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $142.79, for a total transaction of $142,790.00. Following the completion of the sale, the vice president owned 2,313 shares in the company, valued at $330,273.27. This represents a 30.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is owned by company insiders.

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.