RW Investment Management LLC Grows Stock Holdings in IDACORP, Inc. (NYSE:IDA)

RW Investment Management LLC grew its holdings in shares of IDACORP, Inc. (NYSE:IDA) by 7.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,888 shares of the energy company’s stock after acquiring an additional 938 shares during the period. IDACORP makes up approximately 0.2% of RW Investment Management LLC’s portfolio, making the stock its 28th largest holding. RW Investment Management LLC’s holdings in IDACORP were worth $1,518,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in IDA. CWM LLC lifted its holdings in shares of IDACORP by 63.0% during the third quarter. CWM LLC now owns 1,475 shares of the energy company’s stock valued at $152,000 after purchasing an additional 570 shares during the last quarter. Creative Planning raised its holdings in IDACORP by 9.3% in the 3rd quarter. Creative Planning now owns 17,104 shares of the energy company’s stock worth $1,763,000 after acquiring an additional 1,449 shares during the last quarter. Blue Trust Inc. raised its holdings in IDACORP by 7.5% in the 3rd quarter. Blue Trust Inc. now owns 1,523 shares of the energy company’s stock worth $157,000 after acquiring an additional 106 shares during the last quarter. Eastern Bank purchased a new position in IDACORP in the 3rd quarter worth approximately $52,000. Finally, Moody Aldrich Partners LLC raised its holdings in IDACORP by 33.7% in the 3rd quarter. Moody Aldrich Partners LLC now owns 4,102 shares of the energy company’s stock worth $423,000 after acquiring an additional 1,035 shares during the last quarter. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

IDACORP Trading Up 1.3 %

Shares of IDA stock opened at $112.08 on Thursday. IDACORP, Inc. has a 1 year low of $86.47 and a 1 year high of $120.42. The firm has a fifty day moving average price of $109.88 and a 200-day moving average price of $107.78. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.34. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 2.25 and a beta of 0.65.

IDACORP Announces Dividend

The firm 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 3.07%. The ex-dividend date of this dividend is Wednesday, February 5th. IDACORP’s payout ratio is 63.82%.

Analyst Ratings Changes

A number of brokerages recently weighed in on IDA. Morgan Stanley boosted their price objective on shares of IDACORP from $110.00 to $121.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Bank of America upgraded shares of IDACORP from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $113.00 to $117.00 in a report on Tuesday, November 5th. Guggenheim upgraded shares of IDACORP from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Mizuho raised shares of IDACORP from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $102.00 to $116.00 in a research report on Friday, November 1st. Finally, StockNews.com downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. One 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.