US Bancorp DE Purchases 157 Shares of IDACORP, Inc. (NYSE:IDA)

US Bancorp DE lifted its position in shares of IDACORP, Inc. (NYSE:IDAGet Rating) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,432 shares of the energy company’s stock after buying an additional 157 shares during the quarter. US Bancorp DE’s holdings in IDACORP were worth $1,429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its position in IDACORP by 2.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,979 shares of the energy company’s stock valued at $1,266,000 after purchasing an additional 260 shares in the last quarter. American Century Companies Inc. boosted its position in IDACORP by 10.9% during the first quarter. American Century Companies Inc. now owns 5,751 shares of the energy company’s stock valued at $663,000 after purchasing an additional 564 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in IDACORP by 7.2% during the first quarter. Great West Life Assurance Co. Can now owns 27,426 shares of the energy company’s stock valued at $3,251,000 after purchasing an additional 1,853 shares in the last quarter. Yousif Capital Management LLC boosted its position in IDACORP by 2.6% during the first quarter. Yousif Capital Management LLC now owns 27,046 shares of the energy company’s stock valued at $3,120,000 after purchasing an additional 690 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in IDACORP by 9.4% during the first quarter. Dimensional Fund Advisors LP now owns 376,712 shares of the energy company’s stock valued at $43,459,000 after purchasing an additional 32,219 shares in the last quarter. Institutional investors own 79.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com began coverage on IDACORP in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Bank of America cut IDACORP from a “buy” rating to a “neutral” rating and decreased their price target for the company from $115.00 to $103.00 in a research note on Monday, November 7th. They noted that the move was a valuation call. Mizuho decreased their price target on IDACORP from $119.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, December 9th. Finally, Wells Fargo & Company increased their price target on IDACORP from $102.00 to $113.00 in a research note on Wednesday, December 14th.

IDACORP Trading Down 0.3 %

Shares of NYSE:IDA opened at $107.18 on Wednesday. IDACORP, Inc. has a 52-week low of $93.53 and a 52-week high of $118.92. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 6.18 and a beta of 0.59. The company has a quick ratio of 1.19, a current ratio of 1.39 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $106.98 and a 200-day moving average price of $106.50.

IDACORP (NYSE:IDAGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The energy company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.15. IDACORP had a return on equity of 9.20% and a net margin of 16.05%. The firm had revenue of $518.01 million during the quarter. Equities analysts predict that IDACORP, Inc. will post 5.11 EPS for the current year.

IDACORP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 2nd were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 2.95%. This is a boost from IDACORP’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Tuesday, November 1st. IDACORP’s dividend payout ratio (DPR) is presently 64.10%.

About IDACORP

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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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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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