Deprince Race & Zollo Inc. Has $26.19 Million Position in IDACORP, Inc. $IDA

Deprince Race & Zollo Inc. cut its stake in shares of IDACORP, Inc. (NYSE:IDA) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 206,923 shares of the energy company’s stock after selling 4,131 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.38% of IDACORP worth $26,188,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Clear Creek Financial Management LLC lifted its stake in shares of IDACORP by 11.9% in the 4th quarter. Clear Creek Financial Management LLC now owns 12,869 shares of the energy company’s stock valued at $1,629,000 after purchasing an additional 1,368 shares during the period. Phocas Financial Corp. acquired a new position in shares of IDACORP in the 4th quarter valued at about $7,171,000. Tema Etfs LLC lifted its stake in shares of IDACORP by 88.9% in the 4th quarter. Tema Etfs LLC now owns 79,408 shares of the energy company’s stock valued at $10,050,000 after purchasing an additional 37,380 shares during the period. Spirit of America Management Corp NY lifted its stake in shares of IDACORP by 8.3% in the 4th quarter. Spirit of America Management Corp NY now owns 6,500 shares of the energy company’s stock valued at $823,000 after purchasing an additional 500 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of IDACORP by 184.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,371 shares of the energy company’s stock valued at $806,000 after purchasing an additional 4,128 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IDA. Mizuho boosted their price objective on IDACORP from $141.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Morgan Stanley set a $155.00 price objective on IDACORP in a research note on Friday, February 20th. Wall Street Zen lowered IDACORP from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. BTIG Research reaffirmed a “buy” rating and issued a $156.00 target price on shares of IDACORP in a research report on Friday, January 30th. Finally, UBS Group boosted their target price on IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $144.25.

Insiders Place Their Bets

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of the 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 transaction, the vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.46% of the company’s stock.

IDACORP Stock Performance

Shares of IDA opened at $147.54 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93. The stock has a 50 day moving average price of $141.13 and a two-hundred day moving average price of $134.10. The firm has a market capitalization of $8.11 billion, a P/E ratio of 25.01, a P/E/G ratio of 2.94 and a beta of 0.54. IDACORP, Inc. has a 52 week low of $108.15 and a 52 week high of $149.73.

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

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 5th were issued a $0.88 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. IDACORP’s dividend payout ratio is currently 59.66%.

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.