IDACORP, Inc. (NYSE:IDA) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC grew its stake in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 21.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,075 shares of the energy company's stock after acquiring an additional 12,066 shares during the quarter. AQR Capital Management LLC owned about 0.13% of IDACORP worth $7,439,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC lifted its position in shares of IDACORP by 90.9% during the 3rd quarter. Barclays PLC now owns 27,184 shares of the energy company's stock valued at $2,803,000 after buying an additional 12,944 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in IDACORP during the 3rd quarter valued at $53,000. GAMMA Investing LLC raised its holdings in IDACORP by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 610 shares of the energy company's stock valued at $67,000 after buying an additional 425 shares during the period. Diversified Trust Co bought a new position in IDACORP in the 4th quarter valued at $704,000. Finally, Fulton Bank N.A. grew its position in IDACORP by 16.5% in the 4th quarter. Fulton Bank N.A. now owns 4,049 shares of the energy company's stock valued at $442,000 after acquiring an additional 573 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors.

IDACORP Stock Performance

Shares of NYSE:IDA traded down $2.10 during trading on Monday, hitting $112.88. The stock had a trading volume of 731,894 shares, compared to its average volume of 339,297. IDACORP, Inc. has a 12-month low of $90.64 and a 12-month high of $120.84. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth 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 stock has a 50-day simple moving average of $115.99 and a two-hundred day simple moving average of $113.28.

IDACORP (NYSE:IDA - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $432.46 million during the quarter, compared to analysts' expectations of $442.24 million. IDACORP had a return on equity of 9.23% and a net margin of 15.83%. During the same period last year, the business earned $0.95 earnings per share. On average, equities research analysts expect that IDACORP, Inc. will post 5.81 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 5th will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 3.05%. The ex-dividend date is Monday, May 5th. IDACORP's payout ratio is currently 61.10%.

Analyst Upgrades and Downgrades

IDA has been the topic of a number of recent research reports. StockNews.com downgraded IDACORP from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. UBS Group increased their price target on IDACORP from $117.00 to $122.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Morgan Stanley increased their price target on IDACORP from $126.00 to $131.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Wells Fargo & Company increased their price target on IDACORP from $121.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, Guggenheim increased their price target on IDACORP from $121.00 to $126.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $123.57.

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.