GW&K Investment Management LLC Has $78.88 Million Holdings in IDACORP, Inc. (NYSE:IDA)

GW&K Investment Management LLC trimmed its holdings in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 721,839 shares of the energy company's stock after selling 2,928 shares during the period. GW&K Investment Management LLC owned 1.36% of IDACORP worth $78,882,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IDA. Diversified Trust Co bought a new stake in IDACORP in the fourth quarter valued at $704,000. Algert Global LLC boosted its stake in IDACORP by 42.5% during the 3rd quarter. Algert Global LLC now owns 35,383 shares of the energy company's stock valued at $3,648,000 after purchasing an additional 10,550 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in IDACORP by 67.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,707 shares of the energy company's stock worth $4,918,000 after purchasing an additional 19,274 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of IDACORP in the third quarter valued at approximately $3,228,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of IDACORP by 5.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 692,293 shares of the energy company's stock valued at $71,368,000 after purchasing an additional 35,651 shares during the period. 89.10% of the stock is currently owned by institutional investors.

IDACORP Price Performance

NYSE:IDA traded down $3.82 during mid-day trading on Tuesday, reaching $115.22. 465,200 shares of the stock were exchanged, compared to its average volume of 304,157. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average price of $110.62 and a 200 day moving average price of $108.62. IDACORP, Inc. has a 1-year low of $86.94 and a 1-year high of $120.42. The firm has a market capitalization of $6.22 billion, a PE ratio of 21.03, a PEG ratio of 2.32 and a beta of 0.65.

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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 (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 for the quarter, compared to analysts' expectations of $403.21 million. Research analysts expect that IDACORP, Inc. will post 5.81 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.86 per share. The ex-dividend date was Wednesday, February 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.99%. IDACORP's dividend payout ratio (DPR) is presently 62.77%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IDA. Morgan Stanley increased their price objective on IDACORP from $110.00 to $121.00 and gave the stock an "equal weight" rating in a report on Friday, December 13th. Bank of America raised their price target on IDACORP from $119.00 to $127.00 and gave the company a "buy" rating in a report on Monday. Guggenheim raised shares of IDACORP from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. StockNews.com downgraded shares of IDACORP from a "hold" rating to a "sell" rating in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group decreased their price objective on shares of IDACORP from $129.00 to $118.00 and set a "hold" rating for the company in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $118.20.

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.