Ceredex Value Advisors LLC Purchases 11,800 Shares of IDACORP, Inc. (NYSE:IDA)

Ceredex Value Advisors LLC raised its position in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,537 shares of the energy company's stock after buying an additional 11,800 shares during the quarter. Ceredex Value Advisors LLC owned about 0.32% of IDACORP worth $18,636,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of IDA. AMG National Trust Bank boosted its holdings in IDACORP by 0.6% in the fourth 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 period. CENTRAL TRUST Co raised its position in shares of IDACORP by 13.7% during the 4th quarter. CENTRAL TRUST Co now owns 832 shares of the energy company's stock worth $91,000 after purchasing an additional 100 shares during the period. Perigon Wealth Management LLC boosted its position in IDACORP by 4.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,827 shares of the energy company's stock valued at $311,000 after purchasing an additional 112 shares during the period. HighPoint Advisor Group LLC increased its position in IDACORP by 4.4% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,720 shares of the energy company's stock worth $303,000 after buying an additional 115 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of IDACORP by 98.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company's stock valued at $26,000 after acquiring an additional 120 shares during the period. Institutional investors own 89.10% of the company's stock.

IDACORP Stock Down 1.5 %

IDA traded down $1.83 during trading on Monday, reaching $117.46. 23,173 shares of the stock traded hands, compared to its average volume of 327,735. IDACORP, Inc. has a fifty-two week low of $90.64 and a fifty-two week high of $120.84. The stock's 50-day simple moving average is $115.09 and its two-hundred day simple moving average is $111.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.34. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 2.32 and a beta of 0.56.

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

IDACORP Dividend Announcement

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 paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Monday, May 5th. IDACORP's dividend payout ratio (DPR) is currently 62.77%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IDA. 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. Bank of America upped their price target on shares of IDACORP from $119.00 to $127.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Morgan Stanley boosted their target price on shares of IDACORP from $126.00 to $131.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Guggenheim upgraded shares of IDACORP from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group upgraded IDACORP from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, IDACORP presently has an average rating of "Hold" and a consensus price target of $120.50.

About IDACORP

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.