2,896 Shares in IDACORP, Inc. (NYSE:IDA) Acquired by Wealthspire Advisors LLC

Wealthspire Advisors LLC bought a new position in IDACORP, Inc. (NYSE:IDA) during the 4th quarter, Holdings Channel reports. The institutional investor bought 2,896 shares of the energy company’s stock, valued at approximately $316,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diversified Trust Co purchased a new stake in IDACORP in the fourth quarter worth approximately $704,000. Algert Global LLC boosted its holdings in IDACORP by 42.5% in the third quarter. Algert Global LLC now owns 35,383 shares of the energy company’s stock worth $3,648,000 after purchasing an additional 10,550 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in IDACORP by 67.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,707 shares of the energy company’s stock worth $4,918,000 after purchasing an additional 19,274 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in IDACORP in the third quarter worth approximately $3,228,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in IDACORP by 5.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 692,293 shares of the energy company’s stock worth $71,368,000 after purchasing an additional 35,651 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Guggenheim upgraded shares of IDACORP from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Mizuho upgraded shares of IDACORP from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $102.00 to $116.00 in a research report on Friday, November 1st. Morgan Stanley increased their price target on shares of IDACORP from $110.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Bank of America upgraded shares of IDACORP from a “neutral” rating to a “buy” rating and increased their price target for the stock from $113.00 to $117.00 in a research report on Tuesday, November 5th. Finally, StockNews.com downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $116.20.

IDACORP Stock Down 0.1 %

Shares of IDA stock opened at $115.26 on Friday. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.32 and a beta of 0.65. IDACORP, Inc. has a one year low of $86.47 and a one year high of $120.42. The company’s fifty day moving average price is $110.25 and its 200-day moving average price is $108.29. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.34.

IDACORP (NYSE:IDA) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. The firm had revenue of $398.13 million for the quarter, compared to the consensus estimate of $403.21 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%. Sell-side analysts expect that IDACORP, Inc. will post 5.81 EPS for the current fiscal year.

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.86 per share. The ex-dividend date is Wednesday, February 5th. This represents a $3.44 annualized dividend and a dividend yield of 2.98%. IDACORP’s payout ratio is 62.77%.

IDACORP Company Profile

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.