Tributary Capital Management LLC Purchases 3,608 Shares of IDACORP, Inc. (NYSE:IDA)

Tributary Capital Management LLC raised its holdings in shares of IDACORP, Inc. (NYSE:IDA - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 201,795 shares of the energy company's stock after acquiring an additional 3,608 shares during the quarter. IDACORP makes up approximately 1.7% of Tributary Capital Management LLC's holdings, making the stock its 24th biggest position. Tributary Capital Management LLC owned approximately 0.38% of IDACORP worth $22,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. M&T Bank Corp raised its stake in shares of IDACORP by 0.8% during the 3rd quarter. M&T Bank Corp now owns 10,992 shares of the energy company's stock worth $1,133,000 after purchasing an additional 92 shares in the last quarter. Trust Point Inc. raised its position in IDACORP by 1.4% during the third quarter. Trust Point Inc. now owns 7,374 shares of the energy company's stock worth $760,000 after acquiring an additional 101 shares in the last quarter. Blue Trust Inc. lifted its stake in IDACORP by 7.5% in the third quarter. Blue Trust Inc. now owns 1,523 shares of the energy company's stock valued at $157,000 after acquiring an additional 106 shares during the last quarter. Pitcairn Co. grew its position in shares of IDACORP by 2.3% in the 3rd quarter. Pitcairn Co. now owns 4,801 shares of the energy company's stock valued at $495,000 after acquiring an additional 107 shares during the period. Finally, Avior Wealth Management LLC increased its stake in shares of IDACORP by 35.9% during the 3rd quarter. Avior Wealth Management LLC now owns 443 shares of the energy company's stock worth $46,000 after purchasing an additional 117 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

IDACORP Stock Performance

Shares of IDA stock traded up $0.53 on Friday, hitting $109.01. The company's stock had a trading volume of 256,585 shares, compared to its average volume of 230,994. IDACORP, Inc. has a fifty-two week low of $86.43 and a fifty-two week high of $120.42. 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 stock's 50 day moving average is $112.23 and its 200-day moving average is $106.03. The company has a market capitalization of $5.81 billion, a PE ratio of 20.22, a PEG ratio of 2.21 and a beta of 0.65.

IDACORP (NYSE:IDA - Get Free Report) last announced its earnings results on Thursday, October 31st. The energy company reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.05). The business had revenue of $528.53 million for the quarter, compared to analyst estimates of $524.39 million. IDACORP had a return on equity of 9.17% and a net margin of 15.35%. During the same quarter in the previous year, the company earned $2.07 EPS. Equities research analysts expect that IDACORP, Inc. will post 5.41 earnings per share for the current fiscal year.

IDACORP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Wednesday, February 5th. IDACORP's dividend payout ratio (DPR) is currently 63.82%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price target on IDACORP from $110.00 to $121.00 and gave the stock an "equal weight" rating in a report on Friday, December 13th. Guggenheim upgraded IDACORP from a "neutral" rating to a "buy" rating in a research note on Thursday. Bank of America upgraded IDACORP from a "neutral" rating to a "buy" rating and increased their price target for the company from $113.00 to $117.00 in a research note on Tuesday, November 5th. Mizuho raised shares of IDACORP from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $102.00 to $116.00 in a research report on Friday, November 1st. Finally, StockNews.com lowered shares of IDACORP from a "hold" rating to a "sell" rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, IDACORP presently has a consensus rating of "Hold" and a consensus target price of $114.60.

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.