Mutual of America Capital Management LLC Trims Stock Position in IDACORP, Inc. (NYSE:IDA)

Mutual of America Capital Management LLC lessened its holdings in IDACORP, Inc. (NYSE:IDA - Free Report) by 43.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,198 shares of the energy company's stock after selling 26,985 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.07% of IDACORP worth $3,461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP bought a new position in shares of IDACORP during the 3rd quarter worth $101,858,000. Victory Capital Management Inc. grew its position in shares of IDACORP by 5,338.0% during the 4th quarter. Victory Capital Management Inc. now owns 602,962 shares of the energy company's stock worth $65,029,000 after buying an additional 591,874 shares in the last quarter. River Road Asset Management LLC grew its position in shares of IDACORP by 335.2% during the 3rd quarter. River Road Asset Management LLC now owns 632,457 shares of the energy company's stock worth $59,230,000 after buying an additional 487,134 shares in the last quarter. Vanguard Group Inc. boosted its position in IDACORP by 5.6% during the first quarter. Vanguard Group Inc. now owns 5,874,121 shares of the energy company's stock valued at $677,639,000 after purchasing an additional 313,956 shares in the last quarter. Finally, State Street Corp boosted its position in IDACORP by 15.2% during the first quarter. State Street Corp now owns 1,674,867 shares of the energy company's stock valued at $193,213,000 after purchasing an additional 221,072 shares in the last quarter. Institutional investors own 89.10% of the company's stock.

IDACORP Stock Performance

IDA stock traded up $1.89 during trading on Thursday, hitting $92.26. 280,437 shares of the company traded hands, compared to its average volume of 385,888. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.58 and a quick ratio of 1.33. IDACORP, Inc. has a 1 year low of $86.43 and a 1 year high of $112.96. The stock's 50-day simple moving average is $90.16 and its 200 day simple moving average is $94.01. The company has a market cap of $4.68 billion, a PE ratio of 17.95 and a beta of 0.56.

IDACORP (NYSE:IDA - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The energy company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. IDACORP had a return on equity of 9.06% and a net margin of 14.79%. The company had revenue of $411.95 million for the quarter, compared to analyst estimates of $429.84 million. During the same period last year, the company earned $0.83 earnings per share. On average, equities analysts expect that IDACORP, Inc. will post 5.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised their price objective on IDACORP from $92.00 to $95.00 and gave the company an "equal weight" rating in a research report on Thursday, March 21st. Wells Fargo & Company decreased their price target on IDACORP from $100.00 to $94.00 and set an "equal weight" rating for the company in a research note on Friday, February 16th. Guggenheim cut IDACORP from a "buy" rating to a "neutral" rating and set a $93.00 price target for the company. in a research note on Monday, January 22nd. TheStreet cut IDACORP from a "b-" rating to a "c+" rating in a research note on Thursday, February 15th. Finally, Mizuho reduced their price objective on IDACORP from $99.00 to $88.00 and set a "neutral" rating for the company in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $93.80.

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.