Campbell & CO Investment Adviser LLC Buys Shares of 8,433 IDACORP, Inc. (NYSE:IDA)

Campbell & CO Investment Adviser LLC bought a new stake in IDACORP, Inc. (NYSE:IDAFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,433 shares of the energy company’s stock, valued at approximately $829,000.

Several other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of IDACORP during the third quarter valued at $101,858,000. River Road Asset Management LLC grew its holdings in shares of IDACORP by 335.2% during the third quarter. River Road Asset Management LLC now owns 632,457 shares of the energy company’s stock valued at $59,230,000 after buying an additional 487,134 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of IDACORP by 29.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,194,847 shares of the energy company’s stock valued at $117,477,000 after buying an additional 273,560 shares during the last quarter. Ceredex Value Advisors LLC acquired a new position in IDACORP during the fourth quarter valued at $16,759,000. Finally, Allspring Global Investments Holdings LLC lifted its position in IDACORP by 74.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 246,072 shares of the energy company’s stock valued at $24,194,000 after purchasing an additional 105,272 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at IDACORP

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

Wall Street Analyst Weigh In

IDA has been the subject of a number of research reports. StockNews.com upgraded shares of IDACORP to a “sell” rating in a research report on Friday, April 26th. TheStreet downgraded shares of IDACORP from a “b-” rating to a “c+” rating in a research report on Thursday, February 15th. Morgan Stanley boosted their target price on shares of IDACORP from $96.00 to $98.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Mizuho boosted their target price on shares of IDACORP from $88.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. Finally, Wells Fargo & Company boosted their target price on shares of IDACORP from $94.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, IDACORP has an average rating of “Hold” and a consensus price target of $97.40.

Get Our Latest Analysis on IDA

IDACORP Trading Down 0.7 %

Shares of IDACORP stock opened at $92.77 on Friday. The firm has a 50-day simple moving average of $94.47 and a two-hundred day simple moving average of $93.98. The company has a market cap of $4.94 billion, a P/E ratio of 18.63 and a beta of 0.57. IDACORP, Inc. has a fifty-two week low of $86.43 and a fifty-two week high of $106.69. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.19 and a current ratio of 1.54.

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

IDACORP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 6th were paid a dividend of $0.83 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.58%. IDACORP’s dividend payout ratio is currently 66.67%.

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.

See Also

Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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