Caprock Group LLC Has $693,000 Position in IDACORP, Inc. (NYSE:IDA)

Caprock Group LLC increased its holdings in shares of IDACORP, Inc. (NYSE:IDAFree Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,046 shares of the energy company’s stock after acquiring an additional 500 shares during the period. Caprock Group LLC’s holdings in IDACORP were worth $693,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. BlackRock Inc. boosted its position in IDACORP by 1.7% in the first quarter. BlackRock Inc. now owns 6,316,570 shares of the energy company’s stock valued at $684,274,000 after buying an additional 105,226 shares in the last quarter. Vanguard Group Inc. boosted its position in IDACORP by 1.9% in the third quarter. Vanguard Group Inc. now owns 6,118,190 shares of the energy company’s stock valued at $605,762,000 after buying an additional 111,296 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in IDACORP by 3.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,031,531 shares of the energy company’s stock valued at $326,951,000 after buying an additional 91,714 shares in the last quarter. State Street Corp boosted its position in 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 in the last quarter. Finally, Wellington Management Group LLP acquired a new position in IDACORP in the third quarter valued at about $101,858,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

IDACORP Trading Up 0.5 %

Shares of NYSE IDA opened at $92.89 on Friday. IDACORP, Inc. has a 1-year low of $86.43 and a 1-year high of $112.96. The company has a market cap of $4.70 billion, a PE ratio of 18.07, a P/E/G ratio of 3.99 and a beta of 0.55. The company has a current ratio of 1.58, a quick ratio of 1.33 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average of $90.30 and a two-hundred day moving average of $94.49.

IDACORP (NYSE:IDAGet Free Report) last posted its quarterly earnings results on Thursday, February 15th. The energy company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $411.95 million during the quarter, compared to the consensus estimate of $429.84 million. IDACORP had a net margin of 14.79% and a return on equity of 9.06%. During the same period in the previous year, the firm posted $0.83 earnings per share. As a group, equities analysts expect that IDACORP, Inc. will post 5.32 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 5th were paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Friday, February 2nd. IDACORP’s dividend payout ratio (DPR) is 64.59%.

Analyst Upgrades and Downgrades

A number of research firms have commented on IDA. Morgan Stanley boosted their price target on shares of IDACORP from $92.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Guggenheim lowered shares of IDACORP from a “buy” rating to a “neutral” rating and set a $93.00 price target on the stock. in a research report on Monday, January 22nd. Mizuho dropped their target price on shares of IDACORP from $99.00 to $88.00 and set a “neutral” rating for the company in a research note on Tuesday, March 5th. Wells Fargo & Company dropped their target price on shares of IDACORP from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Friday, February 16th. Finally, TheStreet downgraded shares of IDACORP from a “b-” rating to a “c+” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, IDACORP has a consensus rating of “Hold” and a consensus price target of $93.80.

Check Out Our Latest Stock Report on IDA

IDACORP Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding IDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDACORP, Inc. (NYSE:IDAFree Report).

Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

Receive News & Ratings for IDACORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDACORP and related companies with MarketBeat.com's FREE daily email newsletter.