IDACORP, Inc. (NYSE:IDA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,427,605 shares of the energy company's stock after selling 20,032 shares during the quarter. Victory Capital Management Inc. owned approximately 2.68% of IDACORP worth $156,009,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IDA. Legacy Investment Solutions LLC acquired a new stake in shares of IDACORP during the 3rd quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in 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 purchasing an additional 120 shares during the period. Versant Capital Management Inc increased its position in shares of IDACORP by 2,150.0% in the fourth quarter. Versant Capital Management Inc now owns 315 shares of the energy company's stock valued at $34,000 after buying an additional 301 shares in the last quarter. Independence Bank of Kentucky raised its stake in shares of IDACORP by 123.6% during the 4th quarter. Independence Bank of Kentucky now owns 407 shares of the energy company's stock worth $44,000 after buying an additional 225 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of IDACORP during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 89.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on IDA shares. Morgan Stanley boosted their price target on shares of IDACORP from $110.00 to $121.00 and gave the stock an "equal weight" rating in a report on Friday, December 13th. Guggenheim upgraded 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. Finally, Jefferies Financial Group lowered their price objective on IDACORP from $129.00 to $118.00 and set a "hold" rating on the stock in a report on Tuesday, January 28th. One research 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $118.20.

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IDACORP Price Performance

Shares of NYSE IDA traded up $0.71 during mid-day trading on Friday, reaching $113.14. The company's stock had a trading volume of 424,464 shares, compared to its average volume of 310,824. The stock has a 50-day moving average of $110.90 and a two-hundred day moving average of $108.89. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. The stock has a market capitalization of $6.11 billion, a P/E ratio of 20.65, a P/E/G ratio of 2.32 and a beta of 0.59. IDACORP, Inc. has a 1-year low of $88.67 and a 1-year high of $120.42.

IDACORP (NYSE:IDA - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $0.70 EPS 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 the consensus estimate of $403.21 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%. On average, equities research analysts anticipate that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th were paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Wednesday, February 5th. IDACORP's dividend payout ratio (DPR) is currently 62.77%.

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.