Idacorp: This Underappreciated Dividend Growth Stock Remains A Buy

A shot of high voltage electric power lines at sunset. imaginima It's not a secret that utilities have been off to the races lately. The Utilities Select Sector SPDR Fund ETF (XLU) has gained 14% year to date. This is ahead of the 12% gains of the S&P 500 index (SP500). IDA's operating revenue edged higher by 4.5% year-over-year to $448.9 million during the first quarter ended March 31, 2024. This was $55 million ahead of the analyst consensus for the quarter per Seeking Alpha. That outperformance makes sen ...