Quadrature Capital Ltd Has $335,000 Position in IDACORP, Inc. (NYSE:IDA)

Quadrature Capital Ltd cut its stake in IDACORP, Inc. (NYSE:IDA – Get Rating) by 61.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,387 shares of the energy company’s stock after selling 5,453 shares during the period. Quadrature Capital Ltd’s holdings in IDACORP were worth $335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in IDACORP by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 5,874,121 shares of the energy company’s stock worth $677,639,000 after purchasing an additional 313,956 shares during the last quarter. State Street Corp boosted its holdings in shares of IDACORP by 15.2% in the first quarter. State Street Corp now owns 1,674,867 shares of the energy company’s stock valued at $193,213,000 after buying an additional 221,072 shares during the period. Retirement Systems of Alabama increased its holdings in IDACORP by 121.1% during the 3rd quarter. Retirement Systems of Alabama now owns 147,291 shares of the energy company’s stock worth $14,583,000 after purchasing an additional 80,688 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of IDACORP by 167,087.2% in the third quarter. Bessemer Group Inc. now owns 65,203 shares of the energy company’s stock valued at $6,455,000 after purchasing an additional 65,164 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in IDACORP by 20.1% during the first quarter. Invesco Ltd. now owns 375,996 shares of the energy company’s stock worth $43,375,000 after purchasing an additional 62,862 shares during the last quarter. 79.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on IDA shares. StockNews.com lowered IDACORP from a “hold” rating to a “sell” rating in a research note on Monday, February 20th. Mizuho reduced their price target on IDACORP from $119.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, December 9th. Finally, Wells Fargo & Company lowered their target price on IDACORP from $113.00 to $110.00 and set an “equal weight” rating for the company in a report on Friday, February 17th.

IDACORP Stock Down 0.2 %

IDA stock opened at $101.68 on Monday. IDACORP, Inc. has a twelve month low of $93.53 and a twelve month high of $118.92. The stock has a 50-day simple moving average of $104.87 and a two-hundred day simple moving average of $105.10. The company has a quick ratio of 1.07, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $5.14 billion, a PE ratio of 19.90, a PEG ratio of 6.74 and a beta of 0.59.

IDACORP (NYSE:IDA – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The energy company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The firm had revenue of $422.96 million during the quarter, compared to analyst estimates of $360.62 million. IDACORP had a net margin of 15.75% and a return on equity of 9.42%. During the same period in the previous year, the business posted $0.65 EPS. On average, equities analysts predict that IDACORP, Inc. will post 5.01 EPS for the current fiscal year.

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Monday, February 6th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 3.11%. The ex-dividend date was Friday, February 3rd. IDACORP’s dividend payout ratio (DPR) is 61.84%.

IDACORP Company Profile

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IDACORP, Inc is a holding company, which engages in the generation, transmission, distribution, sale, and purchase of electric energy. It operates through the Utilities Operations and All Other segments. The Utilities Operations segment focuses on the production of electricity. The All Others segment consists of IFS’s investments in affordable housing developments and historic rehabilitation projects and Ida-West’s joint venture investments in small hydropower generation projects.