IDACORP, Inc. (NYSE:IDA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of IDACORP, Inc. (NYSE:IDAFree Report) by 8.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,183 shares of the energy company’s stock after selling 5,442 shares during the period. Mutual of America Capital Management LLC owned approximately 0.12% of IDACORP worth $5,823,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pring Turner Capital Group Inc. increased its position in IDACORP by 13.6% during the 3rd quarter. Pring Turner Capital Group Inc. now owns 27,124 shares of the energy company’s stock worth $2,540,000 after purchasing an additional 3,244 shares during the period. HighTower Advisors LLC grew its holdings in shares of IDACORP by 4.0% in the 3rd quarter. HighTower Advisors LLC now owns 6,724 shares of the energy company’s stock worth $627,000 after acquiring an additional 258 shares during the period. Pathstone Family Office LLC acquired a new stake in shares of IDACORP in the 3rd quarter worth approximately $261,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of IDACORP by 35.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,350 shares of the energy company’s stock worth $407,000 after acquiring an additional 1,141 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of IDACORP by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 602,896 shares of the energy company’s stock worth $56,461,000 after acquiring an additional 24,266 shares during the period. Institutional investors and hedge funds own 83.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IDA. UBS Group assumed coverage on IDACORP in a report on Monday, October 23rd. They issued a “neutral” rating and a $99.00 price target on the stock. Mizuho upped their target price on IDACORP from $93.00 to $98.00 and gave the company a “neutral” rating in a research note on Friday, December 1st. StockNews.com raised IDACORP to a “sell” rating in a research note on Monday, November 20th. Finally, Guggenheim lowered IDACORP from a “buy” rating to a “neutral” rating and set a $93.00 target price on the stock. in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $99.50.

Get Our Latest Analysis on IDA

IDACORP Trading Up 1.3 %

Shares of IDACORP stock opened at $89.56 on Friday. IDACORP, Inc. has a fifty-two week low of $88.08 and a fifty-two week high of $112.96. The firm has a market cap of $4.53 billion, a PE ratio of 16.71, a P/E/G ratio of 3.77 and a beta of 0.57. The business’s fifty day moving average is $95.88 and its two-hundred day moving average is $96.32. The company has a quick ratio of 1.81, a current ratio of 2.12 and a debt-to-equity ratio of 0.96.

IDACORP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, February 2nd. IDACORP’s dividend payout ratio is presently 61.94%.

IDACORP Profile

(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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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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