IDACORP, Inc. (NYSE:IDA) Stock Holdings Boosted by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC boosted its position in IDACORP, Inc. (NYSE:IDA) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,202 shares of the energy company’s stock after purchasing an additional 169 shares during the quarter. Journey Strategic Wealth LLC’s holdings in IDACORP were worth $459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in IDACORP by 17.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,389,823 shares of the energy company’s stock worth $246,367,000 after buying an additional 359,553 shares in the last quarter. State Street Corp grew its stake in shares of IDACORP by 5.5% in the third quarter. State Street Corp now owns 1,656,697 shares of the energy company’s stock worth $170,789,000 after purchasing an additional 86,642 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of IDACORP by 3.9% during the third quarter. Geode Capital Management LLC now owns 950,206 shares of the energy company’s stock valued at $97,981,000 after purchasing an additional 36,063 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of IDACORP by 5.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 692,293 shares of the energy company’s stock valued at $71,368,000 after purchasing an additional 35,651 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in IDACORP by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 343,400 shares of the energy company’s stock valued at $35,401,000 after buying an additional 22,485 shares in the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on IDA. StockNews.com cut shares of IDACORP from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Guggenheim upgraded IDACORP from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company upped their price objective on IDACORP from $106.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Jefferies Financial Group lowered their target price on IDACORP from $129.00 to $118.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Finally, Mizuho raised shares of IDACORP from a “neutral” rating to an “outperform” rating and upped their price target for the company from $102.00 to $116.00 in a report on Friday, November 1st. 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’s stock. Based on data from MarketBeat.com, IDACORP presently has an average rating of “Hold” and a consensus target price of $116.20.

IDACORP Stock Up 0.1 %

Shares of IDA stock opened at $110.03 on Monday. IDACORP, Inc. has a 12 month low of $86.43 and a 12 month high of $120.42. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 0.93. The firm has a market cap of $5.86 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.22 and a beta of 0.65. The stock has a 50 day moving average of $111.32 and a 200-day moving average of $106.64.

IDACORP (NYSE:IDA) last released its earnings results on Thursday, October 31st. The energy company reported $2.12 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.05). The company had revenue of $528.53 million for the quarter, compared to analyst estimates of $524.39 million. IDACORP had a net margin of 15.35% and a return on equity of 9.17%. During the same quarter in the previous year, the company earned $2.07 earnings per share. On average, equities 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. Stockholders 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 dividend yield of 3.13%. The ex-dividend date is Wednesday, February 5th. IDACORP’s dividend payout ratio is currently 63.82%.

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.