IDACORP, Inc. (NYSE:IDA) Stock Holdings Lessened by Mariner LLC

Mariner LLC lessened its holdings in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 32.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,116 shares of the energy company's stock after selling 7,863 shares during the quarter. Mariner LLC's holdings in IDACORP were worth $1,762,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB lifted its holdings in IDACORP by 98.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company's stock worth $26,000 after buying an additional 120 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of IDACORP by 2,150.0% in the 4th 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. Independence Bank of Kentucky lifted its holdings in shares of IDACORP by 123.6% in the 4th quarter. Independence Bank of Kentucky now owns 407 shares of the energy company's stock worth $44,000 after purchasing an additional 225 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of IDACORP in the 4th quarter worth approximately $45,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of IDACORP in the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 89.10% of the company's stock.

Analyst Ratings Changes

IDA has been the topic of several recent research reports. Guggenheim raised IDACORP from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Jefferies Financial Group raised IDACORP from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd. Morgan Stanley raised their price target on IDACORP from $126.00 to $131.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. StockNews.com downgraded IDACORP from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, Bank of America lifted their target price on IDACORP from $119.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, IDACORP has a consensus rating of "Hold" and a consensus price target of $120.50.

IDACORP Stock Performance

IDACORP stock traded up $0.68 during mid-day trading on Wednesday, hitting $118.24. 518,598 shares of the company's stock traded hands, compared to its average volume of 330,287. IDACORP, Inc. has a one year low of $90.64 and a one year high of $120.84. The company has a market cap of $6.39 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 2.32 and a beta of 0.56. The firm has a 50 day moving average price of $116.03 and a 200 day moving average price of $112.58. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 0.93.

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

IDACORP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.86 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.91%. IDACORP's dividend payout ratio is 62.77%.

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.