Boothbay Fund Management LLC Acquires 3,305 Shares of IDACORP, Inc. (NYSE:IDA)

Boothbay Fund Management LLC raised its stake in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 67.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,173 shares of the energy company's stock after buying an additional 3,305 shares during the quarter. Boothbay Fund Management LLC's holdings in IDACORP were worth $893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB grew its stake in IDACORP by 98.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company's stock valued at $26,000 after acquiring an additional 120 shares during the period. Versant Capital Management Inc increased its stake in IDACORP by 2,150.0% during the 4th quarter. Versant Capital Management Inc now owns 315 shares of the energy company's stock worth $34,000 after purchasing an additional 301 shares in the last quarter. Independence Bank of Kentucky raised its holdings in IDACORP by 123.6% during the 4th quarter. Independence Bank of Kentucky now owns 407 shares of the energy company's stock worth $44,000 after buying an additional 225 shares during the period. Wilmington Savings Fund Society FSB bought a new position in IDACORP in the third quarter valued at approximately $53,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of IDACORP by 1,333.3% in the fourth quarter. Jones Financial Companies Lllp now owns 516 shares of the energy company's stock valued at $56,000 after buying an additional 480 shares during the period. 89.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on IDA shares. Morgan Stanley raised their price objective on shares of IDACORP from $126.00 to $131.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Guggenheim boosted their price target on IDACORP from $121.00 to $126.00 and gave the company a "buy" rating in a report on Friday. Wells Fargo & Company increased their price objective on IDACORP from $121.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday. Jefferies Financial Group upgraded IDACORP from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd. Finally, StockNews.com cut shares of IDACORP from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, IDACORP currently has a consensus rating of "Hold" and a consensus target price of $123.57.

IDACORP Stock Down 0.5 %

IDA traded down $0.63 on Monday, hitting $116.05. 37,972 shares of the company were exchanged, compared to its average volume of 330,852. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. The stock's fifty day moving average is $116.09 and its 200-day moving average is $112.89. The company has a market cap of $6.27 billion, a PE ratio of 21.18, a PEG ratio of 2.32 and a beta of 0.56. IDACORP, Inc. has a 12 month low of $90.64 and a 12 month high of $120.84.

IDACORP (NYSE:IDA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The energy company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.03 by $0.07. The company had revenue of $432.46 million during the quarter, compared to the consensus estimate of $442.24 million. IDACORP had a return on equity of 9.23% and a net margin of 15.83%. During the same quarter in the prior year, the firm posted $0.95 EPS. Equities research analysts predict that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 5th will be issued a $0.86 dividend. The ex-dividend date is Monday, May 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.96%. IDACORP's payout ratio is 62.77%.

IDACORP Company Profile

IDACORP, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada.