Guggenheim Capital LLC Has $2.15 Million Stock Position in IDACORP, Inc. (NYSE:IDA)

Guggenheim Capital LLC raised its holdings in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 21.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,665 shares of the energy company's stock after acquiring an additional 3,459 shares during the period. Guggenheim Capital LLC's holdings in IDACORP were worth $2,149,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of IDACORP by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,046,723 shares of the energy company's stock valued at $660,786,000 after acquiring an additional 77,230 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of IDACORP by 43.3% in the 4th quarter. Wellington Management Group LLP now owns 3,424,956 shares of the energy company's stock worth $374,279,000 after buying an additional 1,035,133 shares in the last quarter. Alliancebernstein L.P. boosted its stake in IDACORP by 2.2% during the fourth quarter. Alliancebernstein L.P. now owns 1,379,408 shares of the energy company's stock valued at $150,742,000 after buying an additional 29,094 shares in the last quarter. Reaves W H & Co. Inc. grew its holdings in IDACORP by 75.4% during the fourth quarter. Reaves W H & Co. Inc. now owns 998,383 shares of the energy company's stock worth $109,103,000 after acquiring an additional 429,276 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in IDACORP by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 954,035 shares of the energy company's stock valued at $104,288,000 after acquiring an additional 3,829 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.

IDACORP Stock Up 1.0 %

Shares of NYSE IDA traded up $1.21 during trading hours on Thursday, hitting $117.49. The stock had a trading volume of 245,785 shares, compared to its average volume of 330,142. The firm's 50-day moving average price is $115.46 and its two-hundred day moving average price is $112.00. IDACORP, Inc. has a 52 week low of $90.64 and a 52 week high of $120.84. The company has a market capitalization of $6.35 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.32 and a beta of 0.56. 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 earnings results on Thursday, February 20th. The energy company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. IDACORP had a net margin of 15.83% and a return on equity of 9.23%. The company had revenue of $398.13 million during the quarter, compared to the consensus estimate of $403.21 million. Analysts anticipate that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 5th will be given a $0.86 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.93%. IDACORP's dividend payout ratio is currently 62.77%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Guggenheim raised IDACORP from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. StockNews.com upgraded shares of IDACORP from a "sell" rating to a "hold" rating in a report on Tuesday. UBS Group lifted their price target 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 upped 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. Finally, Jefferies Financial Group upgraded shares of IDACORP from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, IDACORP has a consensus rating of "Moderate Buy" and an average price target of $120.50.

About IDACORP

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.