IDACORP, Inc. (NYSE:IDA) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd cut its position in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 63.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,110 shares of the energy company's stock after selling 5,369 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in IDACORP were worth $340,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of IDACORP by 98.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company's stock valued at $26,000 after buying an additional 120 shares during the last quarter. Versant Capital Management Inc grew its stake in IDACORP by 2,150.0% in the 4th quarter. Versant Capital Management Inc now owns 315 shares of the energy company's stock worth $34,000 after acquiring an additional 301 shares during the period. Independence Bank of Kentucky raised its holdings in IDACORP by 123.6% in the 4th quarter. Independence Bank of Kentucky now owns 407 shares of the energy company's stock valued at $44,000 after acquiring an additional 225 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of IDACORP during the 3rd quarter worth $53,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of IDACORP by 1,333.3% during the fourth quarter. Jones Financial Companies Lllp now owns 516 shares of the energy company's stock worth $56,000 after purchasing an additional 480 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.

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Wall Street Analyst Weigh In

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

IDACORP Stock Up 0.5 %

Shares of NYSE:IDA traded up $0.63 during mid-day trading on Tuesday, hitting $119.91. 77,170 shares of the company traded hands, compared to its average volume of 327,834. The firm has a market cap of $6.48 billion, a P/E ratio of 21.88, a PEG ratio of 2.32 and a beta of 0.56. IDACORP, Inc. has a 52-week low of $88.70 and a 52-week high of $120.84. The firm's 50 day simple moving average is $114.45 and its 200 day simple moving average is $111.37. 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 posted its quarterly earnings data on Thursday, February 20th. The energy company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. The company had revenue of $398.13 million during the quarter, compared to analysts' expectations of $403.21 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%. On average, equities analysts anticipate that IDACORP, Inc. will post 5.81 EPS for the current year.

IDACORP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 5th were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Wednesday, February 5th. IDACORP's dividend payout ratio (DPR) 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.