3,090 Shares in IDACORP, Inc. (NYSE:IDA) Bought by AGP Franklin LLC

AGP Franklin LLC bought a new stake in IDACORP, Inc. (NYSE:IDA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,090 shares of the energy company's stock, valued at approximately $338,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. M&T Bank Corp grew its position in shares of IDACORP by 0.8% in the 3rd quarter. M&T Bank Corp now owns 10,992 shares of the energy company's stock valued at $1,133,000 after acquiring an additional 92 shares during the period. AMG National Trust Bank raised its stake in IDACORP by 0.6% in the 4th quarter. AMG National Trust Bank now owns 15,248 shares of the energy company's stock worth $1,670,000 after purchasing an additional 98 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in IDACORP by 13.7% in the 4th quarter. CENTRAL TRUST Co now owns 832 shares of the energy company's stock valued at $91,000 after purchasing an additional 100 shares during the period. Perigon Wealth Management LLC grew its position in shares of IDACORP by 4.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,827 shares of the energy company's stock worth $311,000 after purchasing an additional 112 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its position in shares of IDACORP by 4.4% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,720 shares of the energy company's stock valued at $303,000 after buying an additional 115 shares in the last quarter. Institutional investors own 89.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IDA. Morgan Stanley increased their price target on IDACORP from $126.00 to $131.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Bank of America boosted their price target on IDACORP from $119.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Guggenheim upgraded shares of IDACORP from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Jefferies Financial Group raised shares of IDACORP from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd. Finally, UBS Group upped their target price on IDACORP from $117.00 to $122.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, IDACORP presently has a consensus rating of "Hold" and an average target price of $120.50.

IDACORP Trading Up 1.0 %

IDA stock traded up $1.20 during trading on Friday, hitting $119.18. The company had a trading volume of 272,311 shares, compared to its average volume of 328,941. The business has a 50-day moving average of $115.09 and a 200-day moving average of $111.76. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.93. IDACORP, Inc. has a one year low of $90.64 and a one year high of $120.84. The stock has a market cap of $6.44 billion, a PE ratio of 21.75, a PEG ratio of 2.32 and a beta of 0.56.

IDACORP (NYSE:IDA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. The firm had revenue of $398.13 million for the quarter, compared to analyst estimates of $403.21 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%. Research analysts predict that IDACORP, Inc. will post 5.81 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 5th will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 2.89%. IDACORP's payout ratio is 62.77%.

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.