2 weeks Ago By ABMN Staff
Ashton Thomas Private Wealth LLC purchased a new position in shares of IDACORP, Inc. ( NYSE:IDA – Free Report ) during the second quarter, HoldingsChannel.com reports.
The fund purchased 379 shares of the energy company’s stock, valued at approximately $35,000. A number of other large investors have also made changes to their positions in the business. Wellington Management Group LLP increased its position in shares of IDACORP by 50.
3% during the fourth quarter. Wellington Management Group LLP now owns 1,634,463 shares of the energy company’s stock worth $160,700,000 after purchasing an additional 546,818 shares in the last quarter. Victory Capital Management Inc.
grew its holdings in shares of IDACORP by 1.7% during the second quarter. Victory Capital Management Inc.
now owns 1,445,991 shares of the energy company’s stock valued at $134,694,000 after buying an additional 23,925 shares during the last quarter. Nuance Investments LLC purchased a new stake in shares of IDACORP during the first quarter valued at $86,962,000. First Trust Advisors LP grew its holdings in shares of IDACORP by 0.
9% during the fourth quarter. First Trust Advisors LP now owns 761,621 shares of the energy company’s stock valued at $74,883,000 after buying an additional 7,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of IDACORP by 10.
5% during the fourth quarter. Dimensional Fund Advisors LP now owns 649,195 shares of the energy company’s stock valued at $63,829,000 after buying an additional 61,546 shares during the last quarter. 89.
10% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes A number of equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of IDACORP from $94.
00 to $102.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Wells Fargo & Company upped their price target on shares of IDACORP from $98.
00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Finally, Bank of America assumed coverage on shares of IDACORP in a report on Thursday, September 12th.
They issued a “neutral” rating and a $110.00 price target on the stock. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company.
According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $101.50. IDACORP Price Performance NYSE:IDA opened at $104.
49 on Tuesday. The firm’s fifty day moving average is $100.08 and its two-hundred day moving average is $95.
44. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 20.
98 and a beta of 0.60. IDACORP, Inc.
has a one year low of $86.43 and a one year high of $105.24.
The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.17 and a current ratio of 1.
55. IDACORP ( NYSE:IDA – Get Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported $1.
71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.34.
The business had revenue of $451.04 million during the quarter, compared to the consensus estimate of $420.56 million.
IDACORP had a net margin of 15.04% and a return on equity of 9.16%.
During the same quarter in the prior year, the firm posted $1.35 earnings per share. Research analysts expect that IDACORP, Inc.
will post 5.41 EPS for the current year. IDACORP Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th.
Shareholders of record on Monday, August 5th were given a $0.83 dividend. The ex-dividend date was Monday, August 5th.
This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.18%.
IDACORP’s dividend payout ratio (DPR) is currently 66.67%. About IDACORP ( Free Report ) 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. See Also Want to see what other hedge funds are holding IDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDACORP, Inc.
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