Who Owns IdaCorp Company?

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Who Really Owns IdaCorp?

Understanding a company's ownership is crucial for investors and analysts alike. Knowing who controls a company like IdaCorp can reveal its strategic direction, risk profile, and long-term potential. This article unveils the ownership structure of IdaCorp Inc., a key player in the energy sector. We will explore the key players shaping its future.

IdaCorp's ownership structure, primarily influenced by institutional investors, is critical to understanding its market positioning and strategic decisions. Discovering the IdaCorp SWOT Analysis is a great way to understand the company. This exploration will delve into the evolution of IdaCorp ownership, including its founding structure, major shareholders, and any significant changes over time. Learn about the IdaCorp parent company, IdaCorp executives, and other important details.

Understanding the ownership structure of IdaCorp, formally established on October 1, 1998, requires looking at its origins as a holding company for Idaho Power Company. The formation of IdaCorp involved approvals from various regulatory bodies, including Idaho Power shareholders and the Federal Energy Regulatory Commission. This structure is a key aspect of understanding who owns IdaCorp.

While IdaCorp was created in 1998, its main subsidiary, Idaho Power Company, has a much longer history, tracing back to 1916. Idaho Power's roots are even earlier, with its initial incorporation in Maine on May 6, 1915, before reincorporating in Idaho. This historical context is crucial for analyzing IdaCorp's ownership.

The early evolution of Idaho Power involved the consolidation of assets from several smaller power companies in southern Idaho. This consolidation laid the groundwork for the modern IdaCorp structure. The transition from the original Idaho Power shareholders to the new holding company framework in 1998 is a key element in understanding the company's ownership dynamics.

Formation and Structure

IdaCorp was established on October 1, 1998, as a holding company. It was formed to oversee Idaho Power Company.

Idaho Power's History

Idaho Power Company, the primary subsidiary, was established in 1916. It was originally incorporated in Maine in 1915.

Early Acquisitions

Idaho Power acquired assets from five smaller power companies. This was a key step in its early development.

Ownership Transition

The ownership shifted from Idaho Power shareholders to the new holding company. Details on individual founders are not as readily available.

Regulatory Approvals

The formation of IdaCorp required approvals from various regulatory bodies. These included shareholders and regulatory commissions.

Publicly Traded

IdaCorp is a publicly traded company, which means its ownership structure is accessible through public filings.

Key Aspects of IdaCorp Ownership

Understanding IdaCorp's ownership involves recognizing its structure as a holding company and the history of its primary subsidiary, Idaho Power Company. The company's formation in 1998, following regulatory approvals, marked a significant shift in ownership from Idaho Power shareholders to the newly formed holding company. For more insights into the company's financial operations, consider exploring Revenue Streams & Business Model of IdaCorp.

• IdaCorp is a publicly traded company.
• The ownership structure is detailed in public filings.
• Idaho Power Company is the main subsidiary.
• The formation involved regulatory approvals.

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The ownership of IDACORP has seen significant changes since its establishment in 1998. The company is listed on the New York Stock Exchange (NYSE) under the symbol 'IDA'. As of June 10, 2025, the stock price was at $115.14 per share. This is a notable increase of 24.17% from $92.73 on June 11, 2024. This growth reflects the company's performance and investor confidence.

Institutional investors are the primary owners of IDACORP. As of August 27, 2024, they held around 87% of the shares. This significant ownership by institutions indicates their strong influence on the company's stock price and strategic decisions. As of March 31, 2025, there were 902 institutional owners and shareholders, collectively holding 61,151,138 shares. The top 15 shareholders control 51% of the company, showing a concentration of influence among these major entities. For more information on the Target Market of IdaCorp, you can find additional insights.

Key institutional investors as of March 31, 2025, include BlackRock, Inc., and The Vanguard Group, Inc., holding 6,423,442 and 6,012,346 shares, respectively. Other major shareholders are Wellington Management Company LLP, T. Rowe Price Investment Management, Inc., and State Street Corp. These holdings are reported through filings with the Securities and Exchange Commission (SEC). IDACORP's financial performance, as detailed in its 2024 Form 10-K, supports its attractiveness to these significant investors. The company's consistent earnings growth over the past 17 years has been a key factor.

Ownership Insights

IDACORP's ownership is heavily influenced by institutional investors, who hold a substantial majority of the company's shares.

• Institutional investors hold approximately 87% of the shares as of August 27, 2024.
• As of March 31, 2025, there were 902 institutional owners.
• The top 15 shareholders own 51% of the company.
• The stock price increased by 24.17% from June 11, 2024, to June 10, 2025.

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Understanding the leadership structure is key when examining IdaCorp's ownership. The board of directors plays a crucial role in guiding the company's strategic direction and overseeing its operations. While specific details on the current board members and their individual roles are subject to change, information can be found in the company's annual reports and investor relations materials. These documents provide insights into the individuals responsible for making significant decisions and ensuring the company's long-term success.

The composition of the board can offer clues about the company's priorities and the expertise it values. Examining the backgrounds of the directors, including their experience in relevant industries and their affiliations with other organizations, can provide a deeper understanding of IdaCorp's strategic focus. Furthermore, the board's influence on IdaCorp's performance is substantial, especially given its 7% EPS CAGR since 2007, which further solidifies its appeal to institutional investors. The board's decisions directly impact IdaCorp's financial performance and its ability to navigate market challenges.

The voting power within IdaCorp is primarily determined by the ownership structure. Major shareholders, including institutional investors and potentially the IdaCorp parent company, often hold significant voting rights. The percentage of shares owned by these entities directly correlates to their influence on company decisions, such as the election of board members and approval of significant corporate actions. To find out more about the company's growth strategy, you can read this article about Growth Strategy of IdaCorp.

Voting Rights and Influence

Understanding the voting power within IdaCorp is crucial for assessing its ownership structure and the influence of various stakeholders.

• Major shareholders, including institutional investors, often hold significant voting rights.
• The percentage of shares owned directly correlates to their influence on company decisions.
• Examining the voting power distribution provides insights into the balance of power within the company.
• This information is essential for anyone seeking to understand who owns IdaCorp and how decisions are made.

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The Board of Directors of IDACORP Inc. plays a critical role in overseeing the company's strategy and governance. As of April 1, 2025, the board nominated ten directors for election at the 2025 Annual Meeting of Shareholders, scheduled for May 15, 2025. Major institutional investors, such as BlackRock, Vanguard, and Wellington Management, hold significant portions of the company's stock, suggesting their preferences likely influence board decisions. The company's governance emphasizes independence, with an independent compensation consultant for the compensation and human resources committee, and policies against hedging or pledging company stock by executive officers.

IDACORP operates with a one-share-one-vote structure for its common stock, traded on the NYSE under the symbol 'IDA'. Shareholders can participate in annual meetings virtually, voting electronically and submitting questions. The 2024 Annual Meeting of Shareholders, held on May 16, 2024, saw strong shareholder support, with 94.5% of votes in favor of executive compensation programs. This indicates a general alignment between management and shareholders. There have been no recent proxy battles or significant activist investor campaigns challenging the company's governance.

The Board of Directors actively engages with shareholders. In 2024, management and board committee chairs contacted shareholders holding over 50% of outstanding shares. They met with those holding approximately 17% to discuss corporate governance, responsibility, executive leadership, dividends, and disclosure. For more insights into the company's strategic direction, you can explore the Growth Strategy of IdaCorp.

IdaCorp Ownership Structure

IDACORP is a publicly traded company, and its ownership is distributed among various shareholders, including institutional investors and the public. The company's structure ensures that shareholders have a voice through voting rights.

IdaCorp Shareholders

Major shareholders include institutional investors like BlackRock and Vanguard. These investors significantly influence the company's decisions through their substantial holdings and board representation.

IdaCorp Executives

The company's executives are responsible for the day-to-day operations and strategic planning. They are accountable to the Board of Directors and, ultimately, to the shareholders.

IdaCorp Investor Relations

IDACORP maintains an investor relations department to communicate with shareholders and provide information about the company's performance, strategy, and governance. This department is a key contact for shareholders seeking information.

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