Raymond James Financial Services Advisors Inc. Has $1.06 Million Stake in IDACORP, Inc. (NYSE:IDA)

Raymond James Financial Services Advisors Inc. trimmed its stake in shares of IDACORP, Inc. (NYSE:IDAGet Rating) by 18.7% during the third quarter, HoldingsChannel reports. The fund owned 10,695 shares of the energy company’s stock after selling 2,454 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in IDACORP were worth $1,059,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IDA. American Century Companies Inc. raised its holdings in shares of IDACORP by 10.9% during the first quarter. American Century Companies Inc. now owns 5,751 shares of the energy company’s stock worth $663,000 after acquiring an additional 564 shares during the period. Great West Life Assurance Co. Can grew its position in IDACORP by 7.2% in the first quarter. Great West Life Assurance Co. Can now owns 27,426 shares of the energy company’s stock valued at $3,251,000 after purchasing an additional 1,853 shares in the last quarter. Yousif Capital Management LLC grew its position in IDACORP by 2.6% in the first quarter. Yousif Capital Management LLC now owns 27,046 shares of the energy company’s stock valued at $3,120,000 after purchasing an additional 690 shares in the last quarter. Dimensional Fund Advisors LP grew its position in IDACORP by 9.4% in the first quarter. Dimensional Fund Advisors LP now owns 376,712 shares of the energy company’s stock valued at $43,459,000 after purchasing an additional 32,219 shares in the last quarter. Finally, Moors & Cabot Inc. grew its position in IDACORP by 9.8% in the first quarter. Moors & Cabot Inc. now owns 1,984 shares of the energy company’s stock valued at $229,000 after purchasing an additional 177 shares in the last quarter. 79.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on IDA. Wells Fargo & Company raised their target price on shares of IDACORP from $102.00 to $113.00 in a research report on Wednesday, December 14th. Mizuho decreased their target price on shares of IDACORP from $119.00 to $117.00 and set a “buy” rating for the company in a research report on Friday, December 9th. StockNews.com began coverage on shares of IDACORP in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Bank of America downgraded shares of IDACORP from a “buy” rating to a “neutral” rating and decreased their target price for the company from $115.00 to $103.00 in a research report on Monday, November 7th. They noted that the move was a valuation call.

IDACORP Stock Performance

Shares of IDA opened at $103.50 on Friday. The firm has a 50-day moving average of $107.08 and a 200-day moving average of $106.42. IDACORP, Inc. has a one year low of $93.53 and a one year high of $118.92. The company has a market cap of $5.23 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 6.18 and a beta of 0.59. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.39 and a quick ratio of 1.19.

IDACORP (NYSE:IDAGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The energy company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.15. IDACORP had a net margin of 16.05% and a return on equity of 9.20%. The company had revenue of $518.01 million during the quarter. As a group, equities analysts forecast that IDACORP, Inc. will post 5.11 earnings per share for the current year.

IDACORP Company Profile

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IDACORP, Inc is a holding company, which engages in the generation, transmission, distribution, sale, and purchase of electric energy. The firm owns and operates hydroelectric plants on the Snake River and its tributaries. It operates through the following segments: Utilities Operations and Other. The Utilities Operations segment focuses on the production of electricity.

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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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