3,099 Shares in IDACORP, Inc. (NYSE:IDA) Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in shares of IDACORP, Inc. (NYSE:IDA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,099 shares of the energy company's stock, valued at approximately $339,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new position in shares of IDACORP in the third quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB increased its stake in IDACORP by 98.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company's stock worth $26,000 after buying an additional 120 shares in the last quarter. Versant Capital Management Inc lifted 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 acquiring an additional 301 shares in the last quarter. Independence Bank of Kentucky lifted its position in shares of IDACORP by 123.6% in the fourth quarter. Independence Bank of Kentucky now owns 407 shares of the energy company's stock valued at $44,000 after acquiring an additional 225 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of IDACORP by 35.9% in the third quarter. Avior Wealth Management LLC now owns 443 shares of the energy company's stock worth $46,000 after acquiring an additional 117 shares during the period. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

IDACORP Trading Up 1.0 %

Shares of NYSE:IDA traded up $1.21 during trading on Monday, hitting $119.12. The company had a trading volume of 236,578 shares, compared to its average volume of 301,006. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.34. The company has a fifty day simple moving average of $110.44 and a two-hundred day simple moving average of $108.50. IDACORP, Inc. has a one year low of $86.64 and a one year high of $120.42.

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IDACORP (NYSE:IDA - Get Free Report) last announced its earnings results on Thursday, February 20th. The energy company reported $0.70 earnings per share for the quarter, beating 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 business had revenue of $398.13 million for the quarter, compared to the consensus estimate of $403.21 million. As a group, equities analysts forecast that IDACORP, Inc. will post 5.81 earnings per share for the current year.

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th were paid 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 2.89%. IDACORP's dividend payout ratio is 62.77%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Bank of America lifted their target price on IDACORP from $119.00 to $127.00 and gave the company a "buy" rating in a research note on Monday. Jefferies Financial Group cut their price objective on IDACORP from $129.00 to $118.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. Morgan Stanley boosted their target price on IDACORP from $110.00 to $121.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. StockNews.com cut IDACORP from a "hold" rating to a "sell" rating in a report on Wednesday, November 6th. Finally, Guggenheim upgraded IDACORP from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, IDACORP presently has an average rating of "Hold" and an average target price of $118.20.

IDACORP Company Profile

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.