International Assets Investment Management LLC Takes Position in IDACORP, Inc. (NYSE:IDA)

International Assets Investment Management LLC bought a new position in shares of IDACORP, Inc. (NYSE:IDA) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,671 shares of the energy company’s stock, valued at approximately $164,000.

A number of other hedge funds have also recently added to or reduced their stakes in IDA. Headlands Technologies LLC acquired a new position in shares of IDACORP during the 3rd quarter valued at about $40,000. Signaturefd LLC increased its position in IDACORP by 24.2% during the third quarter. Signaturefd LLC now owns 1,175 shares of the energy company’s stock worth $110,000 after purchasing an additional 229 shares during the last quarter. Selway Asset Management purchased a new position in IDACORP during the third quarter worth approximately $118,000. CENTRAL TRUST Co boosted its holdings in shares of IDACORP by 371.7% in the 3rd quarter. CENTRAL TRUST Co now owns 1,269 shares of the energy company’s stock valued at $119,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of IDACORP by 13.5% during the 4th quarter. Blue Trust Inc. now owns 1,383 shares of the energy company’s stock valued at $129,000 after buying an additional 164 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on IDA shares. Morgan Stanley lifted their target price on IDACORP from $92.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Wells Fargo & Company cut their price target on shares of IDACORP from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Friday, February 16th. 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 research note on Monday, January 22nd. StockNews.com raised shares of IDACORP to a “sell” rating in a research note on Friday. Finally, Mizuho decreased their price target on shares of IDACORP from $99.00 to $88.00 and set a “neutral” rating for the company in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $93.80.

IDACORP Trading Down 0.1 %

NYSE IDA opened at $94.60 on Monday. The stock has a market cap of $4.80 billion, a P/E ratio of 18.40 and a beta of 0.56. The company’s fifty day simple moving average is $90.86 and its 200-day simple moving average is $93.99. 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, Inc. has a 52 week low of $86.43 and a 52 week high of $112.91.

IDACORP (NYSE:IDA) last issued its quarterly earnings data on Thursday, February 15th. The energy company reported $0.61 EPS for the quarter, topping 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 analyst estimates of $429.84 million. During the same quarter in the previous year, the business posted $0.83 EPS. Equities research analysts predict that IDACORP, Inc. will post 5.32 EPS for the current fiscal year.

IDACORP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 6th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Friday, May 3rd. IDACORP’s dividend payout ratio (DPR) is presently 64.59%.

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.