Dimensional Fund Advisors LP Has $77.92 Million Stock Holdings in IDACORP, Inc. (NYSE:IDA)

Dimensional Fund Advisors LP grew its stake in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 713,023 shares of the energy company's stock after purchasing an additional 8,819 shares during the quarter. Dimensional Fund Advisors LP owned about 1.34% of IDACORP worth $77,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB increased its holdings in IDACORP by 98.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company's stock worth $26,000 after buying an additional 120 shares during the last quarter. Versant Capital Management Inc grew its position in shares of IDACORP by 2,150.0% in the 4th quarter. Versant Capital Management Inc now owns 315 shares of the energy company's stock valued at $34,000 after acquiring an additional 301 shares during the period. Independence Bank of Kentucky raised its holdings in shares of IDACORP by 123.6% in the 4th quarter. Independence Bank of Kentucky now owns 407 shares of the energy company's stock valued at $44,000 after purchasing an additional 225 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of IDACORP in the 3rd quarter valued at about $53,000. Finally, Jones Financial Companies Lllp lifted its stake in IDACORP by 1,333.3% in the 4th quarter. Jones Financial Companies Lllp now owns 516 shares of the energy company's stock valued at $56,000 after purchasing an additional 480 shares during the last quarter. Institutional investors own 89.10% of the company's stock.

IDACORP Price Performance

IDACORP stock traded up $1.13 during midday trading on Friday, reaching $117.43. The company's stock had a trading volume of 305,815 shares, compared to its average volume of 330,635. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.93. The stock has a market cap of $6.34 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 2.32 and a beta of 0.56. IDACORP, Inc. has a 52 week low of $90.64 and a 52 week high of $120.84. The business has a 50-day moving average price of $116.09 and a 200-day moving average price of $112.77.

IDACORP (NYSE:IDA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.07. The company had revenue of $432.46 million for the quarter, compared to analyst estimates of $442.24 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%. During the same period in the previous year, the firm posted $0.95 EPS. On average, sell-side analysts predict that IDACORP, Inc. will post 5.81 EPS for the current year.

IDACORP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 5th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Monday, May 5th. IDACORP's dividend payout ratio (DPR) is 62.77%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Guggenheim upped their target price on IDACORP from $121.00 to $126.00 and gave the company a "buy" rating in a research report on Friday. Morgan Stanley lifted their price objective on IDACORP from $126.00 to $131.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. UBS Group boosted their price target on IDACORP from $117.00 to $122.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Bank of America upped their price objective on shares of IDACORP from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Finally, Jefferies Financial Group upgraded shares of IDACORP from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $123.57.

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.