IDACORP, Inc. (NYSE:IDA) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in IDACORP, Inc. (NYSE:IDA - Free Report) by 158.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,348 shares of the energy company's stock after acquiring an additional 24,720 shares during the period. SG Americas Securities LLC owned 0.08% of IDACORP worth $4,409,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of IDACORP by 98.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company's stock valued at $26,000 after purchasing an additional 120 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in IDACORP in the third quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new stake in IDACORP in the third quarter valued at about $26,000. Versant Capital Management Inc grew its stake in shares of IDACORP by 2,150.0% during the fourth 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 last quarter. Finally, Avior Wealth Management LLC increased its holdings in shares of IDACORP by 35.9% during the third quarter. Avior Wealth Management LLC now owns 443 shares of the energy company's stock valued at $46,000 after acquiring an additional 117 shares in the last quarter. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IDA. StockNews.com downgraded shares of IDACORP from a "hold" rating to a "sell" rating in a research report on Wednesday, November 6th. Mizuho raised shares of IDACORP from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $102.00 to $116.00 in a report on Friday, November 1st. Guggenheim upgraded IDACORP from a "neutral" rating to a "buy" rating in a research note on Thursday. Bank of America upgraded IDACORP from a "neutral" rating to a "buy" rating and boosted their price target for the company from $113.00 to $117.00 in a research note on Tuesday, November 5th. Finally, Morgan Stanley raised their price objective on IDACORP from $110.00 to $121.00 and gave the stock an "equal weight" rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $114.60.

IDACORP Stock Performance

IDACORP stock traded up $0.53 during mid-day trading on Friday, hitting $109.01. The company had a trading volume of 256,585 shares, compared to its average volume of 230,994. 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 company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 2.21 and a beta of 0.65. The company's fifty day moving average is $112.23 and its 200-day moving average is $105.93. IDACORP, Inc. has a 12-month low of $86.43 and a 12-month high of $120.42.

IDACORP (NYSE:IDA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.05). IDACORP had a net margin of 15.35% and a return on equity of 9.17%. The firm had revenue of $528.53 million during the quarter, compared to analysts' expectations of $524.39 million. During the same period in the previous year, the firm posted $2.07 EPS. Equities research analysts predict that IDACORP, Inc. will post 5.41 EPS for the current year.

IDACORP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $3.44 dividend on an annualized basis and a yield of 3.16%. IDACORP's dividend payout ratio is currently 63.82%.

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.