Sapience Investments LLC Has $3.77 Million Stake in IDACORP, Inc. (NYSE:IDA)

Sapience Investments LLC decreased its position in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,535 shares of the energy company's stock after selling 6,435 shares during the quarter. IDACORP makes up about 2.2% of Sapience Investments LLC's holdings, making the stock its 5th largest position. Sapience Investments LLC owned 0.06% of IDACORP worth $3,774,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in IDA. Assenagon Asset Management S.A. acquired a new position in shares of IDACORP in the fourth quarter worth $913,000. Apollon Wealth Management LLC purchased a new stake in IDACORP during the 4th quarter worth $213,000. Van ECK Associates Corp boosted its stake in shares of IDACORP by 14.2% during the 4th quarter. Van ECK Associates Corp now owns 16,550 shares of the energy company's stock valued at $1,809,000 after buying an additional 2,056 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of IDACORP in the 4th quarter worth about $313,000. Finally, Barclays PLC raised its position in shares of IDACORP by 90.9% during the 3rd quarter. Barclays PLC now owns 27,184 shares of the energy company's stock valued at $2,803,000 after acquiring an additional 12,944 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on IDA. Jefferies Financial Group raised shares of IDACORP from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd. Wells Fargo & Company boosted their price target on shares of IDACORP from $121.00 to $125.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Guggenheim raised their price objective on IDACORP from $121.00 to $126.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Morgan Stanley cut their price objective on IDACORP from $129.00 to $128.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, Bank of America increased their price objective on IDACORP from $119.00 to $127.00 and gave the company a "buy" rating in a report on Monday, March 3rd. One 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 company's stock. According to MarketBeat.com, IDACORP presently has a consensus rating of "Hold" and a consensus price target of $123.14.

IDACORP Price Performance

Shares of NYSE:IDA traded down $0.35 during trading on Thursday, hitting $115.68. 164,976 shares of the company were exchanged, compared to its average volume of 344,453. 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, Inc. has a 1-year low of $90.64 and a 1-year high of $120.84. The company has a market capitalization of $6.25 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 2.32 and a beta of 0.59. The business's 50 day moving average is $115.95 and its 200-day moving average is $113.74.

IDACORP (NYSE:IDA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The energy company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. IDACORP had a net margin of 15.83% and a return on equity of 9.23%. The company had revenue of $432.46 million during the quarter, compared to analyst estimates of $442.24 million. During the same quarter in the previous year, the business posted $0.95 EPS. Equities analysts forecast that IDACORP, Inc. will post 5.81 earnings per share for the current year.

IDACORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 5th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 2.97%. The ex-dividend date is Monday, May 5th. IDACORP's dividend payout ratio (DPR) is presently 61.10%.

IDACORP 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.