Price T Rowe Associates Inc. MD cut its stake in IDACORP, Inc. (NYSE:IDA - Free Report) by 29.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,230 shares of the energy company's stock after selling 16,488 shares during the period. Price T Rowe Associates Inc. MD owned 0.07% of IDACORP worth $4,288,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Barclays PLC lifted its stake in shares of IDACORP by 90.9% during the third quarter. Barclays PLC now owns 27,184 shares of the energy company's stock worth $2,803,000 after buying an additional 12,944 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in IDACORP during the 3rd quarter valued at about $53,000. Tidal Investments LLC grew its stake in IDACORP by 40.3% during the 3rd quarter. Tidal Investments LLC now owns 15,341 shares of the energy company's stock valued at $1,582,000 after purchasing an additional 4,409 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of IDACORP by 7.0% in the third quarter. JPMorgan Chase & Co. now owns 343,400 shares of the energy company's stock valued at $35,401,000 after purchasing an additional 22,485 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of IDACORP by 2,150.0% in the fourth quarter. Versant Capital Management Inc now owns 315 shares of the energy company's stock worth $34,000 after purchasing an additional 301 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
IDA has been the topic of several research reports. Morgan Stanley increased their price target 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. Jefferies Financial Group upgraded shares of IDACORP from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd. Guggenheim boosted their price objective on IDACORP from $121.00 to $126.00 and gave the company a "buy" rating in a report on Friday, May 2nd. UBS Group upped their price objective on shares of IDACORP from $117.00 to $122.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Bank of America upped their target price on IDACORP from $119.00 to $127.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $123.57.
Get Our Latest Stock Analysis on IDACORP
IDACORP Price Performance
NYSE IDA traded down $0.36 during mid-day trading on Wednesday, hitting $116.31. The stock had a trading volume of 512,423 shares, compared to its average volume of 330,269. The firm's 50 day moving average is $116.10 and its 200 day moving average is $113.02. 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 capitalization of $6.28 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 2.32 and a beta of 0.59. IDACORP, Inc. has a twelve month low of $90.64 and a twelve month high of $120.84.
IDACORP (NYSE:IDA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The energy company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.07. The firm had revenue of $432.46 million for the quarter, compared to the consensus estimate of $442.24 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%. During the same period last year, the firm posted $0.95 earnings per share. Equities research analysts forecast that IDACORP, Inc. will post 5.81 earnings per share for the current fiscal year.
IDACORP Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 5th will be issued a $0.86 dividend. The ex-dividend date is Monday, May 5th. This represents a $3.44 annualized dividend and a dividend yield of 2.96%. IDACORP's dividend payout ratio is presently 61.10%.
About IDACORP
(
Free Report)
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.
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