IDACORP, Inc. (NYSE:IDA) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in IDACORP, Inc. (NYSE:IDA - Free Report) by 33.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,047 shares of the energy company's stock after selling 13,301 shares during the period. SG Americas Securities LLC owned 0.05% of IDACORP worth $3,143,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC purchased a new position in shares of IDACORP during the 4th quarter valued at $213,000. Van ECK Associates Corp increased its position in shares of IDACORP by 14.2% during the fourth quarter. Van ECK Associates Corp now owns 16,550 shares of the energy company's stock valued at $1,809,000 after buying an additional 2,056 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in IDACORP in the fourth quarter worth about $362,000. Empowered Funds LLC purchased a new stake in shares of IDACORP during the fourth quarter valued at approximately $210,000. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of IDACORP by 2.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,641 shares of the energy company's stock valued at $616,000 after buying an additional 132 shares during the last quarter. Institutional investors own 89.10% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on IDA. Morgan Stanley set a $128.00 price target on shares of IDACORP and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Jefferies Financial Group raised shares of IDACORP from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company raised their target price on shares of IDACORP from $121.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Bank of America raised their target price on shares of IDACORP from $119.00 to $127.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Finally, Wall Street Zen lowered shares of IDACORP from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. 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 company's stock. According to MarketBeat.com, IDACORP presently has a consensus rating of "Hold" and an average target price of $122.86.

IDACORP Price Performance

NYSE:IDA traded down $1.84 during trading hours on Friday, reaching $113.85. 403,290 shares of the company were exchanged, compared to its average volume of 356,319. IDACORP, Inc. has a twelve month low of $90.64 and a twelve month high of $120.84. The firm has a market cap of $6.15 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.32 and a beta of 0.58. The stock's 50-day moving average is $116.13 and its 200-day moving average is $113.73. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.93.

IDACORP (NYSE:IDA - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.07. The company had revenue of $432.46 million during 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 quarter last year, the firm posted $0.95 earnings per share. On average, sell-side analysts anticipate that IDACORP, Inc. will post 5.81 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 5th were given a $0.86 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $3.44 annualized dividend and a dividend yield of 3.02%. IDACORP's dividend payout ratio is presently 61.10%.

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.