Dimensional Fund Advisors LP reduced its position in IDACORP Inc (NYSE:IDA) by 13.3% in the third quarter, HoldingsChannel reports. The firm owned 509,844 shares of the coal producer’s stock after selling 78,487 shares during the quarter. Dimensional Fund Advisors LP’s holdings in IDACORP were worth $44,832,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Tiedemann Wealth Management LLC boosted its holdings in shares of IDACORP by 6.0% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 11,085 shares of the coal producer’s stock worth $977,000 after purchasing an additional 627 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of IDACORP by 5.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 393,186 shares of the coal producer’s stock worth $34,573,000 after purchasing an additional 19,738 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of IDACORP by 56.6% in the 3rd quarter. Wells Fargo & Company MN now owns 251,720 shares of the coal producer’s stock worth $22,134,000 after purchasing an additional 90,948 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of IDACORP by 3.9% in the 3rd quarter. Schroder Investment Management Group now owns 1,070,838 shares of the coal producer’s stock worth $94,855,000 after purchasing an additional 39,705 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of IDACORP by 8.8% in the 3rd quarter. Legal & General Group Plc now owns 208,608 shares of the coal producer’s stock worth $18,344,000 after purchasing an additional 16,884 shares in the last quarter. Hedge funds and other institutional investors own 75.51% of the company’s stock.

A number of equities analysts have recently issued reports on the company. ValuEngine upgraded IDACORP from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. KeyCorp reiterated a “hold” rating on shares of IDACORP in a report on Friday, October 20th. Finally, Zacks Investment Research cut IDACORP from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd.

Shares of IDACORP Inc (NYSE:IDA) opened at $88.10 on Tuesday. The firm has a market capitalization of $4,440.00, a PE ratio of 21.49, a P/E/G ratio of 4.23 and a beta of 0.55. IDACORP Inc has a fifty-two week low of $77.49 and a fifty-two week high of $100.04. The company has a current ratio of 2.03, a quick ratio of 1.53 and a debt-to-equity ratio of 0.78.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, November 2nd. The coal producer reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.14. The company had revenue of $408.32 million during the quarter. IDACORP had a return on equity of 9.44% and a net margin of 15.46%. During the same quarter in the prior year, the company earned $1.65 earnings per share. equities analysts predict that IDACORP Inc will post 4.12 earnings per share for the current fiscal year.

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About IDACORP

IDACORP, Inc is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power). The Company’s segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity.

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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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