American Century Companies Inc. Has $1.71 Million Position in IDACORP, Inc. (NYSE:IDA)

American Century Companies Inc. grew its stake in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 311.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,661 shares of the energy company's stock after purchasing an additional 11,855 shares during the quarter. American Century Companies Inc.'s holdings in IDACORP were worth $1,712,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in 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 worth $11,050,000 after buying an additional 4,217 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of IDACORP by 0.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 223,571 shares of the energy company's stock valued at $24,432,000 after purchasing an additional 1,532 shares during the period. Xponance Inc. raised its stake in shares of IDACORP by 7.0% during the fourth quarter. Xponance Inc. now owns 6,061 shares of the energy company's stock valued at $662,000 after purchasing an additional 399 shares in the last quarter. Arrien Investments Inc. acquired a new stake in IDACORP in the fourth quarter worth about $293,000. Finally, Signaturefd LLC increased its stake in IDACORP by 31.8% during the 4th quarter. Signaturefd LLC now owns 1,531 shares of the energy company's stock valued at $167,000 after buying an additional 369 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

IDACORP Stock Up 1.0 %

IDACORP stock traded up $1.14 during mid-day trading on Tuesday, hitting $120.42. 18,555 shares of the company's stock were exchanged, compared to its average volume of 327,615. The stock has a market cap of $6.50 billion, a P/E ratio of 21.98, a P/E/G ratio of 2.32 and a beta of 0.56. The stock has a 50 day moving average of $114.45 and a two-hundred day moving average of $111.37. 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 1-year low of $88.70 and a 1-year high of $120.84.

IDACORP (NYSE:IDA - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $403.21 million. As a group, analysts anticipate that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th were given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.86%. The ex-dividend date was Wednesday, February 5th. IDACORP's 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.