2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP increased its stake in shares of IDACORP, Inc. ( NYSE:IDA – Free Report ) by 7.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The fund owned 693,327 shares of the energy company’s stock after purchasing an additional 47,527 shares during the period. Dimensional Fund Advisors LP owned 1.30% of IDACORP worth $64,583,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the stock. Pitcairn Co. grew its stake in IDACORP by 2.
4% during the 1st quarter. Pitcairn Co. now owns 4,332 shares of the energy company’s stock valued at $402,000 after acquiring an additional 103 shares in the last quarter.
Raymond James Trust N.A. lifted its holdings in shares of IDACORP by 1.
7% in the 2nd quarter. Raymond James Trust N.A.
now owns 6,411 shares of the energy company’s stock worth $597,000 after acquiring an additional 107 shares during the last quarter. Fortem Financial Group LLC lifted its holdings in IDACORP by 1.2% during the 2nd quarter.
Fortem Financial Group LLC now owns 9,301 shares of the energy company’s stock worth $866,000 after buying an additional 112 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in IDACORP by 18.3% during the 1st quarter.
EverSource Wealth Advisors LLC now owns 816 shares of the energy company’s stock worth $77,000 after buying an additional 126 shares in the last quarter. Finally, Rise Advisors LLC raised its holdings in shares of IDACORP by 65.8% in the 2nd quarter.
Rise Advisors LLC now owns 368 shares of the energy company’s stock valued at $34,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.
IDACORP Stock Performance Shares of NYSE IDA opened at $103.22 on Friday. The company has a market cap of $5.
50 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 3.46 and a beta of 0.
60. IDACORP, Inc. has a 12 month low of $86.
43 and a 12 month high of $105.24. The company has a debt-to-equity ratio of 0.
87, a current ratio of 1.55 and a quick ratio of 1.17.
The company has a 50-day simple moving average of $101.64 and a 200-day simple moving average of $96.23.
IDACORP Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 5th were paid a dividend of $0.83 per share.
The ex-dividend date of this dividend was Monday, August 5th. This represents a $3.32 annualized dividend and a yield of 3.
22%. IDACORP’s dividend payout ratio is currently 66.67%.
Wall Street Analysts Forecast Growth A number of brokerages have recently weighed in on IDA. 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 objective on the stock. Wells Fargo & Company lifted their target price 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. Morgan Stanley raised their price objective on shares of IDACORP from $102.00 to $108.
00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Jefferies Financial Group initiated coverage on shares of IDACORP in a research note on Friday, September 20th. They issued a “hold” rating and a $110.
00 price objective for the company. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $103.
57. View Our Latest Research Report on IDA 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.
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