IDACORP, Inc. (NYSE:IDA) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its stake in IDACORP, Inc. (NYSE:IDA) by 21.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,300 shares of the energy company’s stock after buying an additional 950 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in IDACORP were worth $521,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. grew its holdings in IDACORP by 29.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,194,847 shares of the energy company’s stock worth $117,477,000 after acquiring an additional 273,560 shares in the last quarter. Wellington Management Group LLP purchased a new position in IDACORP in the third quarter valued at $101,858,000. American Trust raised its stake in IDACORP by 13.7% in the third quarter. American Trust now owns 828,208 shares of the energy company’s stock valued at $77,562,000 after buying an additional 100,016 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in IDACORP by 10.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 649,195 shares of the energy company’s stock worth $63,829,000 after buying an additional 61,546 shares during the last quarter. Finally, River Road Asset Management LLC boosted its position in shares of IDACORP by 335.2% during the 3rd quarter. River Road Asset Management LLC now owns 632,457 shares of the energy company’s stock worth $59,230,000 after acquiring an additional 487,134 shares in the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP James Bo D. Hanchey sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $95.09, for a total value of $142,635.00. Following the transaction, the vice president now owns 1,650 shares in the company, valued at $156,898.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.47% of the company’s stock.

IDACORP Trading Up 0.7 %

Shares of IDACORP stock opened at $95.61 on Friday. The stock has a market cap of $5.09 billion, a PE ratio of 19.20 and a beta of 0.55. The company has a current ratio of 1.54, a quick ratio of 1.19 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average of $93.91 and a two-hundred day moving average of $94.12. IDACORP, Inc. has a 12-month low of $86.43 and a 12-month high of $106.69.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, May 2nd. The energy company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.06). The business had revenue of $448.94 million for the quarter, compared to analysts’ expectations of $441.21 million. IDACORP had a net margin of 14.18% and a return on equity of 8.71%. During the same quarter last year, the business posted $1.11 earnings per share. On average, research analysts anticipate that IDACORP, Inc. will post 5.32 EPS for the current fiscal year.

IDACORP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 6th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, May 3rd. IDACORP’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IDA. TheStreet cut IDACORP from a “b-” rating to a “c+” rating in a research note on Thursday, February 15th. Wells Fargo & Company upped their target price on shares of IDACORP from $94.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Mizuho raised their price objective on IDACORP from $88.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. Morgan Stanley lifted their target price on shares of IDACORP from $92.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Finally, StockNews.com raised IDACORP to a “sell” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $96.80.

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.