Fox Run Management L.L.C. Acquires Shares of 8,393 IDACORP, Inc. (NYSE:IDA)

Fox Run Management L.L.C. bought a new position in shares of IDACORP, Inc. (NYSE:IDA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,393 shares of the energy company's stock, valued at approximately $917,000.

Other large investors have also bought and sold shares of the company. Sei Investments Co. lifted its stake in IDACORP by 4.6% in the 4th quarter. Sei Investments Co. now owns 193,766 shares of the energy company's stock valued at $21,174,000 after acquiring an additional 8,604 shares in the last quarter. American Century Companies Inc. raised its position in IDACORP by 311.5% during the fourth quarter. American Century Companies Inc. now owns 15,661 shares of the energy company's stock worth $1,712,000 after acquiring an additional 11,855 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of IDACORP by 4.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 101,113 shares of the energy company's stock valued at $11,050,000 after acquiring an additional 4,217 shares during the period. Royal London Asset Management Ltd. increased its position in IDACORP by 0.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 223,571 shares of the energy company's stock worth $24,432,000 after buying an additional 1,532 shares during the last quarter. Finally, Xponance Inc. boosted its position in IDACORP by 7.0% during the fourth quarter. Xponance Inc. now owns 6,061 shares of the energy company's stock worth $662,000 after purchasing an additional 399 shares during the period. 89.10% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group raised their price objective on shares of IDACORP from $117.00 to $122.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Guggenheim raised IDACORP from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Bank of America raised their target price on IDACORP from $119.00 to $127.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Morgan Stanley boosted their target price on IDACORP from $126.00 to $131.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, Jefferies Financial Group cut their price objective on IDACORP from $129.00 to $118.00 and set a "hold" rating on the stock in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $120.50.

IDACORP Trading Up 0.9 %

Shares of NYSE:IDA traded up $0.98 during trading on Thursday, reaching $114.50. The stock had a trading volume of 245,795 shares, compared to its average volume of 313,368. The firm's fifty day moving average is $112.62 and its 200 day moving average is $110.04. IDACORP, Inc. has a 52 week low of $88.70 and a 52 week high of $120.42. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 2.32 and a beta of 0.59. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70.

IDACORP (NYSE:IDA - Get Free Report) last issued its earnings results on Thursday, February 20th. The energy company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. IDACORP had a return on equity of 9.23% and a net margin of 15.83%. The company had revenue of $398.13 million during the quarter, compared to the consensus estimate of $403.21 million. As a group, equities analysts forecast that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th were issued a $0.86 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.00%. IDACORP's dividend payout ratio is presently 62.77%.

IDACORP Company 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.