Pacer Advisors Inc. Sells 3,948 Shares of IDACORP, Inc. (NYSE:IDA)

Pacer Advisors Inc. decreased its position in shares of IDACORP, Inc. (NYSE:IDA) by 33.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,939 shares of the energy company’s stock after selling 3,948 shares during the quarter. Pacer Advisors Inc.’s holdings in IDACORP were worth $868,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in IDACORP during the 2nd quarter worth about $224,000. Creative Planning lifted its holdings in IDACORP by 97.1% in the second quarter. Creative Planning now owns 15,655 shares of the energy company’s stock valued at $1,458,000 after buying an additional 7,712 shares during the period. Sanctuary Advisors LLC acquired a new stake in IDACORP during the 2nd quarter worth $591,000. SG Americas Securities LLC raised its position in shares of IDACORP by 44.3% during the 3rd quarter. SG Americas Securities LLC now owns 15,628 shares of the energy company’s stock valued at $1,611,000 after acquiring an additional 4,800 shares during the last quarter. Finally, Fulton Bank N.A. lifted its stake in shares of IDACORP by 12.8% in the 3rd quarter. Fulton Bank N.A. now owns 3,476 shares of the energy company’s stock valued at $358,000 after purchasing an additional 395 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

IDACORP Trading Up 0.7 %

NYSE IDA opened at $110.70 on Tuesday. The company has a market cap of $5.90 billion, a PE ratio of 20.54, a PEG ratio of 2.25 and a beta of 0.65. IDACORP, Inc. has a 12 month low of $86.43 and a 12 month high of $120.42. The stock has a 50 day moving average of $111.16 and a 200-day moving average of $106.75. 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 Dividend Announcement

The company 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 $0.86 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.11%. IDACORP’s payout ratio is 63.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Guggenheim upgraded IDACORP from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Jefferies Financial Group cut 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. StockNews.com cut shares of IDACORP from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Morgan Stanley upped their target price on shares of IDACORP from $110.00 to $121.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, Wells Fargo & Company lifted their price objective 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, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $116.20.

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.