Renaissance Technologies LLC Has $12.11 Million Stock Holdings in IDACORP, Inc. (NYSE:IDA)

Renaissance Technologies LLC increased its stake in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,800 shares of the energy company's stock after purchasing an additional 24,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.21% of IDACORP worth $12,108,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IDA. AMG National Trust Bank grew its holdings 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 valued at $1,670,000 after acquiring an additional 98 shares in the last quarter. CENTRAL TRUST Co grew its stake in IDACORP by 13.7% in the fourth quarter. CENTRAL TRUST Co now owns 832 shares of the energy company's stock valued at $91,000 after purchasing an additional 100 shares in the last quarter. Perigon Wealth Management LLC increased its position in IDACORP by 4.1% in the 4th quarter. Perigon Wealth Management LLC now owns 2,827 shares of the energy company's stock worth $311,000 after purchasing an additional 112 shares during the last quarter. HighPoint Advisor Group LLC lifted its holdings 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 valued at $303,000 after buying an additional 115 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake 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 valued at $26,000 after buying an additional 120 shares in the last quarter. 89.10% of the stock is owned by hedge funds and other institutional investors.

IDACORP Stock Performance

IDA stock traded down $0.53 during trading on Monday, reaching $118.77. 8,178 shares of the stock were exchanged, compared to its average volume of 327,662. IDACORP, Inc. has a twelve month low of $90.64 and a twelve month high of $120.84. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $6.42 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.32 and a beta of 0.56. The stock has a 50 day simple moving average of $115.09 and a 200-day simple moving average of $111.83.

IDACORP (NYSE:IDA - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. IDACORP had a return on equity of 9.23% and a net margin of 15.83%. The business had revenue of $398.13 million for the quarter, compared to analysts' expectations of $403.21 million. As a group, sell-side analysts anticipate that IDACORP, Inc. will post 5.81 earnings per share for the current year.

IDACORP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 5th will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Monday, May 5th. IDACORP's dividend payout ratio is 62.77%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IDA. Jefferies Financial Group raised shares of IDACORP from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd. Bank of America upped their price objective on shares of IDACORP from $119.00 to $127.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. UBS Group boosted their price target on IDACORP from $117.00 to $122.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Guggenheim raised IDACORP from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Morgan Stanley boosted their price objective on shares of IDACORP from $126.00 to $131.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. One research 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, the company presently has a consensus rating of "Hold" and a consensus price target of $120.50.

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.