Alliancebernstein Reduces Stake in IDACORP Energy Company

Institutional investor sells over 38,000 shares of utility firm

Mar. 17, 2026 at 7:09am

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Alliancebernstein L.P., a major institutional investor, has reduced its stake in IDACORP, Inc. (NYSE:IDA), an energy company based in Boise, Idaho. According to a filing with the Securities and Exchange Commission, Alliancebernstein sold 38,112 shares of IDACORP stock in the third quarter, lowering its total position by 2.7%.

Why it matters

IDACORP is a key regional utility provider, serving over half a million customers in southern Idaho and eastern Oregon. Institutional investors closely monitor the company's performance, and changes in major shareholdings can signal shifts in market sentiment around the stock.

The details

Alliancebernstein now owns 1,366,735 shares of IDACORP, or about 2.53% of the company's outstanding stock. The firm cited the sale as part of portfolio management activities during the quarter. Other major IDACORP shareholders include State Street Corp, Reaves W H & Co. Inc., and Jennison Associates LLC.

  • Alliancebernstein sold the 38,112 shares in the third quarter of 2026.

The players

Alliancebernstein L.P.

A major institutional investment management firm that has reduced its stake in IDACORP, Inc.

IDACORP, Inc.

An energy company headquartered in Boise, Idaho that provides electricity generation, transmission, and distribution services to over 500,000 customers in the region.

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The takeaway

The reduction in Alliancebernstein's IDACORP holdings, while relatively small, reflects the ongoing scrutiny and portfolio adjustments made by major institutional investors in the utility sector. IDACORP's performance and regulatory environment will likely continue to be closely watched by the investment community.