Hantz Financial Services Inc. Sells 436 Shares of IDACORP, Inc. (NYSE:IDA)

Hantz Financial Services Inc. decreased its stake in shares of IDACORP, Inc. (NYSE:IDA) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,029 shares of the energy company’s stock after selling 436 shares during the period. Hantz Financial Services Inc.’s holdings in IDACORP were worth $987,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wellington Management Group LLP grew its holdings in IDACORP by 17.7% in the third quarter. Wellington Management Group LLP now owns 2,389,823 shares of the energy company’s stock worth $246,367,000 after purchasing an additional 359,553 shares during the period. State Street Corp lifted its holdings in shares of IDACORP by 5.5% during the third quarter. State Street Corp now owns 1,656,697 shares of the energy company’s stock valued at $170,789,000 after purchasing an additional 86,642 shares in the last quarter. Millennium Management LLC lifted its stake in IDACORP by 34.0% during the 2nd quarter. Millennium Management LLC now owns 201,545 shares of the energy company’s stock valued at $18,774,000 after acquiring an additional 51,178 shares during the period. Geode Capital Management LLC grew its position in IDACORP by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 950,206 shares of the energy company’s stock worth $97,981,000 after purchasing an additional 36,063 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 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 acquiring an additional 35,651 shares during the period. 89.10% of the stock is owned by institutional investors.

IDACORP Stock Up 0.1 %

Shares of NYSE:IDA opened at $110.03 on Friday. IDACORP, Inc. has a 52-week low of $86.43 and a 52-week high of $120.42. The stock has a market cap of $5.86 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.22 and a beta of 0.65. The business’s 50 day moving average is $111.32 and its 200 day moving average is $106.47. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 0.93.

IDACORP (NYSE:IDA) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.05). The business had revenue of $528.53 million during the quarter, compared to analysts’ expectations of $524.39 million. IDACORP had a return on equity of 9.17% and a net margin of 15.35%. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 5th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Wednesday, February 5th. IDACORP’s payout ratio is currently 63.82%.

Wall Street Analyst Weigh In

Several research firms have weighed in on IDA. Guggenheim upgraded shares of IDACORP from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Jefferies Financial Group cut their target price on shares of IDACORP from $129.00 to $118.00 and set a “hold” rating for the company in a research note on Tuesday. Mizuho raised IDACORP from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $102.00 to $116.00 in a research note on Friday, November 1st. Bank of America raised shares of IDACORP from a “neutral” rating to a “buy” rating and increased their price target for the company from $113.00 to $117.00 in a report on Tuesday, November 5th. Finally, Morgan Stanley boosted their price objective on shares of IDACORP from $110.00 to $121.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, IDACORP has a consensus rating of “Hold” and an average target price of $116.20.

About IDACORP

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.