2,461 Shares in IDACORP, Inc. (NYSE:IDA) Purchased by Atala Financial Inc

Atala Financial Inc acquired a new position in IDACORP, Inc. (NYSE:IDA) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,461 shares of the energy company’s stock, valued at approximately $269,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. M&T Bank Corp increased its position in IDACORP by 0.8% during the third quarter. M&T Bank Corp now owns 10,992 shares of the energy company’s stock worth $1,133,000 after purchasing an additional 92 shares during the last quarter. AMG National Trust Bank boosted its holdings in IDACORP by 0.6% in the 4th quarter. AMG National Trust Bank now owns 15,248 shares of the energy company’s stock worth $1,670,000 after acquiring an additional 98 shares during the period. CENTRAL TRUST Co grew its stake in shares of IDACORP by 13.7% during the fourth quarter. CENTRAL TRUST Co now owns 832 shares of the energy company’s stock valued at $91,000 after acquiring an additional 100 shares in the last quarter. Pitcairn Co. increased its holdings in IDACORP by 2.3% during the 3rd quarter. Pitcairn Co. now owns 4,801 shares of the energy company’s stock worth $495,000 after purchasing an additional 107 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in shares of IDACORP by 4.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,827 shares of the energy company’s stock valued at $311,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on IDA. Morgan Stanley upped their target price on shares of IDACORP from $110.00 to $121.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Bank of America boosted their target price on shares of IDACORP from $119.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Guggenheim upgraded shares of IDACORP from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group decreased their target price on IDACORP from $129.00 to $118.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $118.20.

IDACORP Trading Up 0.4 %

Shares of NYSE:IDA opened at $115.10 on Friday. IDACORP, Inc. has a fifty-two week low of $88.70 and a fifty-two week 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 company has a market cap of $6.21 billion, a PE ratio of 21.00, a P/E/G ratio of 2.32 and a beta of 0.59. The company’s 50-day moving average price is $111.24 and its 200 day moving average price is $109.16.

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

IDACORP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 5th were given a $0.86 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.99%. IDACORP’s dividend payout ratio (DPR) is 62.77%.

IDACORP 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.