Boston Trust Walden Corp Lowers Stake in IDACORP, Inc. (NYSE:IDA)

Boston Trust Walden Corp cut its holdings in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 559,482 shares of the energy company's stock after selling 4,702 shares during the period. Boston Trust Walden Corp owned 1.04% of IDACORP worth $65,023,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IDA. Opal Wealth Advisors LLC acquired a new position in shares of IDACORP in the 1st quarter valued at $34,000. Proficio Capital Partners LLC acquired a new position in shares of IDACORP in the 4th quarter valued at $45,000. Farther Finance Advisors LLC increased its position in shares of IDACORP by 879.1% in the 1st quarter. Farther Finance Advisors LLC now owns 421 shares of the energy company's stock valued at $49,000 after acquiring an additional 378 shares during the period. Versant Capital Management Inc increased its position in shares of IDACORP by 39.7% in the 1st quarter. Versant Capital Management Inc now owns 440 shares of the energy company's stock valued at $51,000 after acquiring an additional 125 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of 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 acquiring an additional 480 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

IDACORP Stock Performance

NYSE:IDA traded down $0.11 during mid-day trading on Friday, hitting $113.49. The company's stock had a trading volume of 441,928 shares, compared to its average volume of 358,856. IDACORP, Inc. has a 1 year low of $90.67 and a 1 year high of $120.84. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.81 and a quick ratio of 1.44. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.41 and a beta of 0.58. The business's fifty day moving average is $115.93 and its two-hundred day moving average is $113.58.

IDACORP (NYSE:IDA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The energy company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.03 by $0.07. IDACORP had a net margin of 16.61% and a return on equity of 9.13%. The company had revenue of $432.46 million for the quarter, compared to analyst estimates of $442.24 million. During the same period in the prior year, the company earned $0.95 earnings per share. Analysts anticipate 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 was paid on Friday, May 30th. Stockholders of record on Monday, May 5th were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Monday, May 5th. IDACORP's payout ratio is currently 61.10%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen downgraded IDACORP from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Bank of America upped their target price on IDACORP from $119.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. UBS Group cut their target price on IDACORP from $121.00 to $120.00 and set a "neutral" rating on the stock in a research report on Monday, June 2nd. Jefferies Financial Group raised IDACORP from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company upped their target price on IDACORP from $121.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $122.86.

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.