3,697 Shares in IDACORP, Inc. (NYSE:IDA) Bought by Wood Tarver Financial Group LLC

Wood Tarver Financial Group LLC bought a new stake in IDACORP, Inc. (NYSE:IDA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,697 shares of the energy company's stock, valued at approximately $403,000.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in shares of IDACORP by 43.3% in the 4th quarter. Wellington Management Group LLP now owns 3,424,956 shares of the energy company's stock valued at $374,279,000 after buying an additional 1,035,133 shares during the period. Reaves W H & Co. Inc. raised its position in shares of IDACORP by 75.4% during the 4th quarter. Reaves W H & Co. Inc. now owns 998,383 shares of the energy company's stock worth $109,103,000 after buying an additional 429,276 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of IDACORP during the 4th quarter worth about $37,104,000. Ameriprise Financial Inc. raised its position in shares of IDACORP by 596.7% during the 4th quarter. Ameriprise Financial Inc. now owns 379,312 shares of the energy company's stock worth $41,451,000 after buying an additional 324,866 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of IDACORP by 9.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,909,695 shares of the energy company's stock worth $208,692,000 after buying an additional 166,864 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company's stock.

IDACORP Trading Up 0.7%

Shares of IDA stock traded up $0.78 during trading hours on Friday, reaching $118.96. 679,420 shares of the stock traded hands, compared to its average volume of 352,075. The firm has a market capitalization of $6.43 billion, a PE ratio of 21.71, a PEG ratio of 2.32 and a beta of 0.59. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average price of $116.16 and a 200 day moving average price of $113.93. IDACORP, Inc. has a 1-year low of $90.64 and a 1-year high of $120.84.

IDACORP (NYSE:IDA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The energy company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. The firm 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 quarter in the prior year, the business earned $0.95 EPS. On average, equities research analysts forecast 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. Shareholders of record on Monday, May 5th were given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.89%. The ex-dividend date was Monday, May 5th. IDACORP's dividend payout ratio is 61.10%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IDA. Jefferies Financial Group upgraded shares of IDACORP from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd. UBS Group boosted their target price on shares of IDACORP from $117.00 to $122.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Wall Street Zen downgraded shares of IDACORP from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Morgan Stanley set a $128.00 target price on shares of IDACORP and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company boosted 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, IDACORP has an average rating of "Hold" and a consensus target price of $123.14.

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.