IDACORP, Inc. (NYSE:IDA) Stock Position Decreased by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its holdings in shares of IDACORP, Inc. (NYSE:IDA) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,849 shares of the energy company’s stock after selling 223 shares during the period. D.A. Davidson & CO.’s holdings in IDACORP were worth $530,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its position 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 valued at $26,000 after buying an additional 120 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in IDACORP during the 3rd quarter valued at about $25,000. Versant Capital Management Inc boosted its stake 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 purchasing an additional 301 shares during the period. Independence Bank of Kentucky boosted its stake in IDACORP by 123.6% during the 4th quarter. Independence Bank of Kentucky now owns 407 shares of the energy company’s stock valued at $44,000 after purchasing an additional 225 shares during the period. Finally, Avior Wealth Management LLC boosted its stake in IDACORP by 35.9% during the 3rd quarter. Avior Wealth Management LLC now owns 443 shares of the energy company’s stock valued at $46,000 after purchasing an additional 117 shares during the period. Institutional investors own 89.10% of the company’s stock.

IDACORP Trading Up 1.3 %

Shares of NYSE:IDA opened at $115.81 on Wednesday. The company has a 50 day moving average of $109.99 and a 200-day moving average of $108.19. The firm has a market cap of $6.17 billion, a P/E ratio of 21.13, a P/E/G ratio of 2.32 and a beta of 0.65. IDACORP, Inc. has a twelve month low of $86.47 and a twelve month high of $120.42. 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 (NYSE:IDA) last issued its quarterly 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. IDACORP had a net margin of 15.83% and a return on equity of 9.23%. The company had revenue of $398.13 million during the quarter, compared to analyst estimates of $403.21 million. As a group, analysts anticipate that IDACORP, Inc. will post 5.81 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 5th will be issued a $0.86 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.97%. IDACORP’s payout ratio is currently 62.77%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Jefferies Financial Group reduced their target price on shares of IDACORP from $129.00 to $118.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Morgan Stanley boosted 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. Bank of America raised shares of IDACORP from a “neutral” rating to a “buy” rating and boosted their target price for the company from $113.00 to $117.00 in a research note on Tuesday, November 5th. Guggenheim raised shares of IDACORP from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, StockNews.com lowered shares of IDACORP from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $116.20.

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.