D.A. Davidson & CO. Buys 521 Shares of IDACORP, Inc. (NYSE:IDA)

D.A. Davidson & CO. raised its stake in shares of IDACORP, Inc. (NYSE:IDAFree Report) by 16.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,660 shares of the energy company’s stock after acquiring an additional 521 shares during the quarter. D.A. Davidson & CO.’s holdings in IDACORP were worth $360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP purchased a new stake in shares of IDACORP during the 3rd quarter valued at $101,858,000. River Road Asset Management LLC raised its stake in IDACORP by 335.2% in the 3rd quarter. River Road Asset Management LLC now owns 632,457 shares of the energy company’s stock worth $59,230,000 after acquiring an additional 487,134 shares during the last quarter. Victory Capital Management Inc. raised its stake in IDACORP by 29.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,194,847 shares of the energy company’s stock worth $117,477,000 after acquiring an additional 273,560 shares during the last quarter. Ceredex Value Advisors LLC purchased a new position in IDACORP in the 4th quarter worth $16,759,000. Finally, Allspring Global Investments Holdings LLC raised its stake in IDACORP by 74.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 246,072 shares of the energy company’s stock worth $24,194,000 after acquiring an additional 105,272 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on IDA shares. StockNews.com upgraded IDACORP to a “sell” rating in a research note on Friday, April 26th. Morgan Stanley increased their price target on IDACORP from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Mizuho increased their price target on IDACORP from $88.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. TheStreet downgraded IDACORP from a “b-” rating to a “c+” rating in a research report on Thursday, February 15th. Finally, Wells Fargo & Company raised their target price on IDACORP from $94.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $97.40.

View Our Latest Stock Report on IDACORP

IDACORP Trading Up 0.6 %

IDA stock opened at $93.07 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.19 and a debt-to-equity ratio of 0.95. IDACORP, Inc. has a 12-month low of $86.43 and a 12-month high of $106.69. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 18.69 and a beta of 0.55. The business’s 50-day moving average is $94.17 and its 200 day moving average is $94.08.

IDACORP (NYSE:IDAGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.06). IDACORP had a return on equity of 8.71% and a net margin of 14.18%. The firm had revenue of $448.94 million during the quarter, compared to analyst estimates of $441.21 million. During the same quarter in the previous year, the firm posted $1.11 earnings per share. On average, sell-side analysts anticipate that IDACORP, Inc. will post 5.35 EPS for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 6th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Friday, May 3rd. IDACORP’s dividend payout ratio (DPR) is 66.67%.

Insiders Place Their Bets

In other news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $95.09, for a total transaction of $142,635.00. Following the sale, the vice president now owns 1,650 shares of the company’s stock, valued at approximately $156,898.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.47% of the company’s stock.

About IDACORP

(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.

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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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