IDACORP, Inc. (NYSE:IDA) Stake Boosted by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,766 shares of the energy company's stock after buying an additional 8,604 shares during the quarter. Sei Investments Co. owned 0.36% of IDACORP worth $21,174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in IDACORP by 311.5% in the fourth quarter. American Century Companies Inc. now owns 15,661 shares of the energy company's stock valued at $1,712,000 after acquiring an additional 11,855 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of IDACORP by 4.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 101,113 shares of the energy company's stock valued at $11,050,000 after purchasing an additional 4,217 shares in the last quarter. Royal London Asset Management Ltd. lifted its position in shares of IDACORP by 0.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 223,571 shares of the energy company's stock worth $24,432,000 after purchasing an additional 1,532 shares during the last quarter. Xponance Inc. lifted its position in shares of IDACORP by 7.0% during the fourth quarter. Xponance Inc. now owns 6,061 shares of the energy company's stock worth $662,000 after purchasing an additional 399 shares during the last quarter. Finally, Arrien Investments Inc. acquired a new position in IDACORP in the fourth quarter worth about $293,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

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IDACORP Stock Performance

Shares of IDA traded up $0.58 during midday trading on Friday, hitting $115.08. 386,835 shares of the stock traded hands, compared to its average volume of 326,269. The business's 50 day moving average price is $112.80 and its two-hundred day moving average price is $110.24. The firm has a market capitalization of $6.21 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.32 and a beta of 0.59. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. IDACORP, Inc. has a 1-year low of $88.70 and a 1-year high of $120.42.

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

IDACORP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 5th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Wednesday, February 5th. IDACORP's payout ratio is 62.77%.

Wall Street Analysts Forecast Growth

IDA has been the topic of several research reports. Morgan Stanley increased their target price on IDACORP from $126.00 to $131.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Bank of America raised their price objective on IDACORP from $119.00 to $127.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. UBS Group boosted their target price on shares of IDACORP from $117.00 to $122.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Jefferies Financial Group reduced their price target on shares of IDACORP from $129.00 to $118.00 and set a "hold" rating on the stock in a research report on Tuesday, January 28th. Finally, Guggenheim raised shares of 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, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, IDACORP currently has a consensus rating of "Hold" and a consensus target price of $120.50.

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.