New York State Teachers Retirement System Purchases 900 Shares of IDACORP, Inc. (NYSE:IDA)

New York State Teachers Retirement System raised its position in IDACORP, Inc. (NYSE:IDA) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,093 shares of the energy company’s stock after purchasing an additional 900 shares during the period. New York State Teachers Retirement System owned 0.15% of IDACORP worth $7,580,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IDA. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of IDACORP by 2.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,979 shares of the energy company’s stock worth $1,266,000 after acquiring an additional 260 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of IDACORP by 10.9% during the 1st quarter. American Century Companies Inc. now owns 5,751 shares of the energy company’s stock worth $663,000 after acquiring an additional 564 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of IDACORP by 7.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 27,426 shares of the energy company’s stock worth $3,251,000 after acquiring an additional 1,853 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in shares of IDACORP by 2.6% during the 1st quarter. Yousif Capital Management LLC now owns 27,046 shares of the energy company’s stock worth $3,120,000 after acquiring an additional 690 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of IDACORP by 9.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 376,712 shares of the energy company’s stock worth $43,459,000 after acquiring an additional 32,219 shares during the last quarter. 89.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

IDACORP Price Performance

IDA stock opened at $91.66 on Friday. The firm’s 50-day moving average price is $90.11 and its two-hundred day moving average price is $94.17. IDACORP, Inc. has a 12-month low of $86.43 and a 12-month high of $112.96. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 17.83 and a beta of 0.56. The company has a current ratio of 1.58, a quick ratio of 1.33 and a debt-to-equity ratio of 0.95.

IDACORP (NYSE:IDA) last released its quarterly earnings data on Thursday, February 15th. The energy company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. IDACORP had a net margin of 14.79% and a return on equity of 9.06%. The firm had revenue of $411.95 million for the quarter, compared to analysts’ expectations of $429.84 million. During the same quarter in the previous year, the company earned $0.83 earnings per share. As a group, equities analysts predict that IDACORP, Inc. will post 5.32 earnings per share for the current year.

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 5th were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Friday, February 2nd. IDACORP’s payout ratio is 64.59%.

About IDACORP

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.