7,068 Shares in IDACORP, Inc. (NYSE:IDA) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new stake in shares of IDACORP, Inc. (NYSE:IDA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,068 shares of the energy company's stock, valued at approximately $772,000.

Several other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of IDACORP by 98.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company's stock worth $26,000 after purchasing an additional 120 shares during the period. Independence Bank of Kentucky raised its position 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 worth $44,000 after acquiring an additional 225 shares in the last quarter. Jones Financial Companies Lllp raised 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 worth $56,000 after acquiring an additional 480 shares in the last quarter. Asset Planning Inc bought a new position in shares of IDACORP in the 4th quarter worth $58,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of IDACORP by 148.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 709 shares of the energy company's stock worth $77,000 after acquiring an additional 424 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IDA shares. Wells Fargo & Company lifted their price objective on shares of IDACORP from $121.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Wall Street Zen downgraded shares of IDACORP from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Bank of America raised their price objective on IDACORP from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Guggenheim raised their price objective on IDACORP from $121.00 to $126.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, UBS Group raised their price objective on IDACORP from $117.00 to $122.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $123.14.

IDACORP Stock Performance

NYSE IDA traded up $0.43 during trading hours on Friday, reaching $115.56. The stock had a trading volume of 432,599 shares, compared to its average volume of 345,998. The stock has a market cap of $6.24 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 2.32 and a beta of 0.59. The stock has a fifty day moving average of $115.93 and a 200 day moving average of $113.87. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. IDACORP, Inc. has a 52-week low of $90.64 and a 52-week high of $120.84.

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

IDACORP Announces Dividend

The business also recently declared 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 of this dividend is Monday, May 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.98%. IDACORP's dividend payout ratio is presently 61.10%.

IDACORP 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.