Leeward Investments LLC MA Lowers Position in IDACORP, Inc. (NYSE:IDA)

Leeward Investments LLC MA lessened its position in IDACORP, Inc. (NYSE:IDA - Free Report) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 121,414 shares of the energy company's stock after selling 5,609 shares during the quarter. Leeward Investments LLC MA owned approximately 0.22% of IDACORP worth $14,111,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of IDA. AMG National Trust Bank increased its position in shares of IDACORP by 0.6% during the 4th quarter. AMG National Trust Bank now owns 15,248 shares of the energy company's stock worth $1,670,000 after purchasing an additional 98 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of IDACORP by 4.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,487 shares of the energy company's stock worth $289,000 after acquiring an additional 100 shares during the period. HighPoint Advisor Group LLC boosted its stake in shares of IDACORP by 4.4% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,720 shares of the energy company's stock worth $303,000 after acquiring an additional 115 shares during the period. Versant Capital Management Inc boosted its stake in shares of IDACORP by 39.7% during the 1st quarter. Versant Capital Management Inc now owns 440 shares of the energy company's stock worth $51,000 after acquiring an additional 125 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of IDACORP by 20.8% during the 1st quarter. GAMMA Investing LLC now owns 737 shares of the energy company's stock worth $86,000 after acquiring an additional 127 shares during the period. Institutional investors and hedge funds own 89.10% of the company's stock.

Analyst Upgrades and Downgrades

IDA has been the subject of several recent research reports. Morgan Stanley set a $128.00 price target on IDACORP and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. 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. UBS Group cut their target price on IDACORP from $121.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, June 2nd. 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, May 2nd. Finally, Jefferies Financial Group upgraded IDACORP from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, IDACORP currently has a consensus rating of "Hold" and an average target price of $122.86.

IDACORP Price Performance

IDA traded up $0.31 on Monday, reaching $116.30. The stock had a trading volume of 304,745 shares, compared to its average volume of 364,540. IDACORP, Inc. has a fifty-two week low of $91.77 and a fifty-two week high of $120.84. The firm has a 50-day moving average of $115.36 and a 200-day moving average of $113.76. The company has a current ratio of 1.81, a quick ratio of 1.44 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56.

IDACORP (NYSE:IDA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.07. IDACORP had a return on equity of 9.13% and a net margin of 16.61%. The firm had revenue of $432.46 million for the quarter, compared to analyst estimates of $442.24 million. During the same quarter in the previous year, the company posted $0.95 EPS. As a group, sell-side analysts anticipate that IDACORP, Inc. will post 5.81 EPS for the current year.

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 5th were given a dividend of $0.86 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $3.44 annualized dividend and a dividend yield of 2.96%. IDACORP's payout ratio is 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.