14,977 Shares in IDACORP, Inc. (NYSE:IDA) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of IDACORP, Inc. (NYSE:IDA - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,977 shares of the energy company's stock, valued at approximately $1,544,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its position in IDACORP by 1.7% during the second quarter. Victory Capital Management Inc. now owns 1,445,991 shares of the energy company's stock worth $134,694,000 after purchasing an additional 23,925 shares during the last quarter. Nuance Investments LLC increased its holdings in shares of IDACORP by 19.0% during the 2nd quarter. Nuance Investments LLC now owns 1,114,475 shares of the energy company's stock worth $103,813,000 after buying an additional 178,294 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of IDACORP by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 693,327 shares of the energy company's stock worth $64,583,000 after buying an additional 47,527 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in IDACORP by 5.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 692,293 shares of the energy company's stock valued at $71,368,000 after acquiring an additional 35,651 shares during the last quarter. Finally, Boston Trust Walden Corp grew its position in IDACORP by 1.3% during the second quarter. Boston Trust Walden Corp now owns 576,189 shares of the energy company's stock valued at $53,672,000 after acquiring an additional 7,194 shares during the period. Hedge funds and other institutional investors own 89.10% of the company's stock.

Analysts Set New Price Targets

IDA has been the topic of several research analyst reports. Morgan Stanley lifted their price objective on IDACORP from $102.00 to $108.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Jefferies Financial Group assumed coverage on shares of IDACORP in a research report on Friday, September 20th. They set a "hold" rating and a $110.00 price target on the stock. 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 research report on Tuesday, November 5th. StockNews.com lowered shares of IDACORP from a "hold" rating to a "sell" rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company increased their price target on IDACORP from $106.00 to $109.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, IDACORP currently has an average rating of "Hold" and a consensus target price of $108.83.

IDACORP Stock Down 0.2 %

IDACORP stock traded down $0.27 during midday trading on Friday, hitting $118.47. 130,156 shares of the stock were exchanged, compared to its average volume of 349,273. 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 50 day moving average price of $108.25 and a two-hundred day moving average price of $101.21. The firm has a market cap of $6.31 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.64 and a beta of 0.60. IDACORP, Inc. has a 1 year low of $86.43 and a 1 year high of $120.42.

IDACORP (NYSE:IDA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $2.12 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.05). IDACORP had a return on equity of 9.17% and a net margin of 15.35%. The business had revenue of $528.53 million during the quarter, compared to analyst estimates of $524.39 million. During the same quarter last year, the firm posted $2.07 EPS. On average, sell-side analysts predict that IDACORP, Inc. will post 5.41 earnings per share for the current fiscal year.

IDACORP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.90%. This is an increase from IDACORP's previous quarterly dividend of $0.83. IDACORP's dividend payout ratio (DPR) is presently 63.82%.

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.