IDACORP, Inc. (NYSE:IDA) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its position in IDACORP, Inc. (NYSE:IDA - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,023 shares of the energy company's stock after selling 9,455 shares during the quarter. Leeward Investments LLC MA owned approximately 0.24% of IDACORP worth $13,881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of IDACORP in the 3rd quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB increased its stake in IDACORP by 98.4% during 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 last quarter. Versant Capital Management Inc raised its holdings 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 purchasing an additional 301 shares during the period. Independence Bank of Kentucky lifted its position in shares of IDACORP by 123.6% in 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 last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of IDACORP by 35.9% in the 3rd quarter. Avior Wealth Management LLC now owns 443 shares of the energy company's stock valued at $46,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 89.10% of the company's stock.

IDACORP Stock Performance

Shares of NYSE:IDA traded up $0.06 on Monday, hitting $114.26. The company's stock had a trading volume of 155,030 shares, compared to its average volume of 288,260. IDACORP, Inc. has a 12 month low of $86.47 and a 12 month high of $120.42. The stock's 50-day moving average is $109.90 and its two-hundred day moving average is $108.00. 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 company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65.

IDACORP (NYSE:IDA - Get Free Report) last released its earnings results on Thursday, February 20th. The energy company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. The firm had revenue of $398.13 million for the quarter, compared to analysts' expectations 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 forecast that IDACORP, Inc. will post 5.81 EPS for the current year.

IDACORP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, February 5th. IDACORP's payout ratio is currently 62.77%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IDA. Mizuho raised shares of IDACORP from a "neutral" rating to an "outperform" rating and raised their target price for the stock 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, January 23rd. Morgan Stanley increased 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. Jefferies Financial Group reduced their price target 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. Finally, Bank of America raised shares of IDACORP from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $113.00 to $117.00 in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $116.20.

IDACORP 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.