Blair William & Co. IL Sells 2,039 Shares of IDACORP, Inc. (NYSE:IDA)

Blair William & Co. IL lessened its stake in IDACORP, Inc. (NYSE:IDA) by 46.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,316 shares of the energy company’s stock after selling 2,039 shares during the period. Blair William & Co. IL’s holdings in IDACORP were worth $253,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IDA. Legacy Investment Solutions LLC bought a new stake in IDACORP in the third quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB raised its holdings in IDACORP by 98.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company’s stock valued at $26,000 after buying an additional 120 shares during the last quarter. Versant Capital Management Inc boosted its position in IDACORP by 2,150.0% during the 4th quarter. Versant Capital Management Inc now owns 315 shares of the energy company’s stock valued at $34,000 after buying an additional 301 shares during the period. Independence Bank of Kentucky grew its holdings in IDACORP by 123.6% in the 4th 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. Finally, Proficio Capital Partners LLC purchased a new position in shares of IDACORP in the fourth quarter valued at about $45,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

IDACORP Trading Down 4.4 %

Shares of IDA stock opened at $114.47 on Friday. 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 market cap of $6.18 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 2.32 and a beta of 0.59. IDACORP, Inc. has a 1 year low of $88.70 and a 1 year high of $120.84. The firm has a fifty day moving average price of $113.59 and a 200-day moving average price of $110.68.

IDACORP (NYSE:IDA) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $0.70 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $403.21 million. As a group, equities analysts predict that IDACORP, Inc. will post 5.81 earnings per share for the current 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 paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 3.01%. The ex-dividend date was Wednesday, February 5th. IDACORP’s dividend payout ratio (DPR) is presently 62.77%.

Analyst Ratings Changes

IDA has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded IDACORP from a “hold” rating to a “buy” rating in a report on Wednesday. Guggenheim upgraded IDACORP from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley raised their price objective on shares of IDACORP from $126.00 to $131.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Bank of America boosted their price target on IDACORP from $119.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, UBS Group lifted their price target on shares of IDACORP from $117.00 to $122.00 and gave the stock 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.