1 week Ago By Defense World Staff
IDACORP, Inc. ( NYSE:IDA – Get Free Report ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $104.
04 and traded as high as $110.28. IDACORP shares last traded at $109.
28, with a volume of 197,901 shares traded. Wall Street Analyst Weigh In A number of equities analysts have weighed in on the company. Jefferies Financial Group assumed coverage on IDACORP in a research report on Friday, September 20th.
They set a “hold” rating and a $110.00 price target on the stock. Mizuho raised IDACORP from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $102.
00 to $116.00 in a research report on Friday, November 1st. StockNews.
com downgraded IDACORP from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Morgan Stanley boosted their price target on IDACORP from $110.00 to $121.
00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Bank of America raised IDACORP from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $113.00 to $117.
00 in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.
com, IDACORP presently has a consensus rating of “Hold” and a consensus price target of $111.00. Check Out Our Latest Report on IDA IDACORP Stock Down 0.
2 % IDACORP ( NYSE:IDA – Get Free Report ) last posted its earnings results on Thursday, October 31st. The energy company reported $2.12 EPS for the quarter, missing the consensus estimate of $2.
17 by ($0.05). The firm had revenue of $528.
53 million during the quarter, compared to analyst estimates of $524.39 million. IDACORP had a net margin of 15.
35% and a return on equity of 9.17%. During the same period in the previous year, the company posted $2.
07 EPS. Sell-side analysts predict that IDACORP, Inc. will post 5.
41 EPS for the current year. IDACORP Increases Dividend The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 5th were given a dividend of $0.
86 per share. The ex-dividend date was Tuesday, November 5th. This represents a $3.
44 dividend on an annualized basis and a yield of 3.15%. This is an increase from IDACORP’s previous quarterly dividend of $0.
83. IDACORP’s dividend payout ratio is currently 63.82%.
Institutional Investors Weigh In On IDACORP A number of large investors have recently added to or reduced their stakes in IDA. Zurcher Kantonalbank Zurich Cantonalbank grew its position in IDACORP by 10.9% during the second quarter.
Zurcher Kantonalbank Zurich Cantonalbank now owns 8,924 shares of the energy company’s stock worth $831,000 after buying an additional 876 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of IDACORP by 22.1% in the 2nd quarter.
Signaturefd LLC now owns 1,156 shares of the energy company’s stock valued at $108,000 after purchasing an additional 209 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of IDACORP by 9.0% in the 2nd quarter.
Van ECK Associates Corp now owns 13,540 shares of the energy company’s stock valued at $1,262,000 after purchasing an additional 1,114 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of IDACORP by 9.4% in the 2nd quarter.
Natixis Advisors LLC now owns 52,999 shares of the energy company’s stock valued at $4,937,000 after purchasing an additional 4,552 shares in the last quarter. Finally, Fortem Financial Group LLC boosted its holdings in shares of IDACORP by 1.2% in the 2nd quarter.
Fortem Financial Group LLC now owns 9,301 shares of the energy company’s stock valued at $866,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.
IDACORP Company Profile ( Get 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. Featured Stories Five stocks we like better than IDACORP Industrial Products Stocks Investing Work and Play: Investing in the Rise of Bleisure Travel How to Use the MarketBeat Dividend Calculator Top Dividend Stocks to Buy Now as Bond Yields Could Lower 3 Small Caps With Big Return Potential SAP: AI Tailwinds Accelerating Enterprise Cloud Business Receive News & Ratings for IDACORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDACORP and related companies with MarketBeat.
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