Natixis Advisors LLC Has $6.51 Million Stock Position in IDACORP, Inc. (NYSE:IDA)

Natixis Advisors LLC increased its position in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,541 shares of the energy company's stock after buying an additional 2,893 shares during the period. Natixis Advisors LLC owned about 0.11% of IDACORP worth $6,507,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Diversified Trust Co acquired a new stake in IDACORP in the fourth quarter valued at approximately $704,000. Algert Global LLC increased its stake in shares of IDACORP by 42.5% in the 3rd quarter. Algert Global LLC now owns 35,383 shares of the energy company's stock valued at $3,648,000 after purchasing an additional 10,550 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in IDACORP by 67.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,707 shares of the energy company's stock worth $4,918,000 after purchasing an additional 19,274 shares during the period. Charles Schwab Investment Management Inc. boosted its position in IDACORP by 5.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 692,293 shares of the energy company's stock worth $71,368,000 after purchasing an additional 35,651 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in IDACORP during the fourth quarter worth approximately $913,000. Institutional investors own 89.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on IDA shares. UBS Group increased their price objective on IDACORP from $117.00 to $122.00 and gave the company a "neutral" rating in a research note on Friday. Bank of America lifted their price objective 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 dropped their target price on IDACORP from $129.00 to $118.00 and set a "hold" rating for the company in a report on Tuesday, January 28th. Morgan Stanley lifted their price target on IDACORP from $126.00 to $131.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Finally, Guggenheim raised shares of IDACORP from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $120.50.

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IDACORP Price Performance

NYSE IDA traded down $1.90 during mid-day trading on Tuesday, hitting $112.23. The stock had a trading volume of 278,692 shares, compared to its average volume of 315,538. IDACORP, Inc. has a 52-week low of $88.70 and a 52-week high of $120.42. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 2.32 and a beta of 0.59. The company has a 50 day simple moving average of $112.40 and a 200 day simple moving average of $109.95. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 0.93.

IDACORP (NYSE:IDA - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. The firm had revenue of $398.13 million during the quarter, compared to analyst estimates of $403.21 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%. Equities analysts forecast that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th were paid a $0.86 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $3.44 annualized dividend and a dividend yield of 3.07%. IDACORP's payout ratio is 62.77%.

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.