Aquatic Capital Management LLC Has $4.68 Million Stock Holdings in IDACORP, Inc. $IDA

Aquatic Capital Management LLC lowered its position in shares of IDACORP, Inc. (NYSE:IDA) by 41.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,402 shares of the energy company’s stock after selling 24,699 shares during the quarter. Aquatic Capital Management LLC owned about 0.07% of IDACORP worth $4,678,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IDA. Quent Capital LLC acquired a new position in shares of IDACORP in the third quarter valued at about $30,000. Smartleaf Asset Management LLC raised its stake in IDACORP by 62.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock worth $36,000 after purchasing an additional 119 shares in the last quarter. Farther Finance Advisors LLC raised its stake in IDACORP by 160.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 458 shares of the energy company’s stock worth $61,000 after purchasing an additional 282 shares in the last quarter. Headlands Technologies LLC boosted its holdings in IDACORP by 892.1% in the 2nd quarter. Headlands Technologies LLC now owns 754 shares of the energy company’s stock valued at $87,000 after purchasing an additional 678 shares during the period. Finally, Mather Group LLC. acquired a new position in shares of IDACORP during the 3rd quarter worth approximately $109,000. Institutional investors own 89.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on IDA. Wells Fargo & Company cut shares of IDACORP from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $129.00 to $118.00 in a report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a research report on Thursday, January 22nd. Wall Street Zen lowered IDACORP from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Mizuho lifted their price objective on IDACORP from $141.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Finally, BTIG Research reiterated a “buy” rating and set a $156.00 target price on shares of IDACORP in a research report on Friday, January 30th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Insider Buying and Selling

In other news, VP Julia A. Hilton sold 1,000 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $142.79, for a total value of $142,790.00. Following the completion of the transaction, the vice president owned 2,313 shares of the company’s stock, valued at approximately $330,273.27. This represents a 30.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

IDACORP Trading Up 0.2%

Shares of IDA stock opened at $142.67 on Tuesday. The stock’s fifty day moving average price is $137.12 and its two-hundred day moving average price is $131.86. The company has a market cap of $7.83 billion, a PE ratio of 24.18, a P/E/G ratio of 2.77 and a beta of 0.58. IDACORP, Inc. has a fifty-two week low of $108.15 and a fifty-two week high of $145.94. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93.

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

IDACORP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $3.52 annualized dividend and a yield of 2.5%. IDACORP’s payout ratio is presently 59.66%.

IDACORP Company 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.