IDACORP, Inc. (NYSE:IDA - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $120.72 and last traded at $120.22, with a volume of 112032 shares. The stock had previously closed at $119.08.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Bank of America boosted their target price on IDACORP from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Jefferies Financial Group raised shares of IDACORP from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd. Guggenheim upgraded shares of IDACORP from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Morgan Stanley upped their target price on shares of IDACORP from $126.00 to $131.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Finally, UBS Group lifted their price target on IDACORP from $117.00 to $122.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. 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 company's stock. Based on data from MarketBeat.com, IDACORP currently has an average rating of "Hold" and a consensus price target of $120.50.
Get Our Latest Stock Analysis on IDA
IDACORP Stock Performance
The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average price of $113.85 and a 200 day moving average price of $110.90. The stock has a market cap of $6.09 billion, a P/E ratio of 20.57, a PEG ratio of 2.32 and a beta of 0.56.
IDACORP (NYSE:IDA - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. The business had revenue of $398.13 million for the quarter, compared to the consensus estimate of $403.21 million. IDACORP had a return on equity of 9.23% and a net margin of 15.83%. As a group, sell-side analysts expect that IDACORP, Inc. will post 5.81 EPS for the current year.
IDACORP Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Wednesday, February 5th. IDACORP's payout ratio is currently 62.77%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. LVM Capital Management Ltd. MI raised its position in shares of IDACORP by 1.9% during the 1st quarter. LVM Capital Management Ltd. MI now owns 122,982 shares of the energy company's stock valued at $14,293,000 after buying an additional 2,240 shares during the period. GAMMA Investing LLC increased its holdings in IDACORP by 13,941.6% in the 1st quarter. GAMMA Investing LLC now owns 85,654 shares of the energy company's stock valued at $99,550,000 after purchasing an additional 85,044 shares during the last quarter. Versant Capital Management Inc lifted its stake in IDACORP by 39.7% during the first quarter. Versant Capital Management Inc now owns 440 shares of the energy company's stock worth $51,000 after purchasing an additional 125 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of IDACORP by 3.9% during the fourth quarter. California State Teachers Retirement System now owns 49,824 shares of the energy company's stock worth $5,445,000 after buying an additional 1,857 shares during the period. Finally, 111 Capital acquired a new stake in shares of IDACORP in the fourth quarter valued at $595,000. Institutional investors and hedge funds own 89.10% of the company's stock.
About IDACORP
(
Get Free Report)
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.
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