IDACORP, Inc. (NYSE:IDA) Shares Sold by Trexquant Investment LP

Trexquant Investment LP reduced its holdings in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 86.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,767 shares of the energy company's stock after selling 104,394 shares during the quarter. Trexquant Investment LP's holdings in IDACORP were worth $1,832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB increased its stake in shares of IDACORP by 98.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company's stock worth $26,000 after purchasing an additional 120 shares in the last quarter. Versant Capital Management Inc raised its holdings 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 worth $34,000 after acquiring an additional 301 shares during the last quarter. Independence Bank of Kentucky raised its holdings 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 worth $44,000 after acquiring an additional 225 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of IDACORP in the fourth quarter valued at $45,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in IDACORP during the 3rd quarter worth about $53,000. Institutional investors and hedge funds own 89.10% of the company's stock.

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IDACORP Stock Up 1.4 %

IDACORP stock traded up $1.66 during midday trading on Monday, hitting $119.04. The stock had a trading volume of 17,544 shares, compared to its average volume of 327,114. The stock has a market cap of $6.43 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.32 and a beta of 0.56. The business has a fifty day moving average price of $114.28 and a 200 day moving average price of $111.26. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.93. IDACORP, Inc. has a 12 month low of $88.70 and a 12 month high of $120.84.

IDACORP (NYSE:IDA - Get Free Report) last issued its earnings results on Thursday, February 20th. The energy company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. The company 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%. Research analysts predict that IDACORP, Inc. will post 5.81 EPS for the current year.

IDACORP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 yield of 2.89%. IDACORP's payout ratio is currently 62.77%.

Analyst Ratings Changes

A number of brokerages recently issued reports on IDA. Bank of America raised their target price on shares of IDACORP from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Guggenheim raised shares of IDACORP from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Morgan Stanley upped their price target on IDACORP from $126.00 to $131.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Jefferies Financial Group upgraded IDACORP from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd. Finally, UBS Group raised 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $120.50.

About IDACORP

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.