ValuEngine upgraded shares of IDACORP, Inc. (NYSE:IDA) from a hold rating to a buy rating in a report issued on Thursday.

A number of other analysts have also issued reports on the stock. KeyCorp reiterated a hold rating on shares of IDACORP in a research note on Friday, October 20th. Zacks Investment Research lowered shares of IDACORP from a hold rating to a sell rating in a research note on Tuesday, October 3rd. Finally, BidaskClub upgraded shares of IDACORP from a sell rating to a hold rating in a research note on Friday, August 25th.

IDACORP (NYSE:IDA) opened at $95.17 on Thursday. IDACORP has a 1-year low of $74.27 and a 1-year high of $95.57. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.03 and a quick ratio of 1.53. The company has a market cap of $4,795.90, a P/E ratio of 23.16, a P/E/G ratio of 5.13 and a beta of 0.53.

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

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The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 6th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Friday, November 3rd. This is a positive change from IDACORP’s previous quarterly dividend of $0.55. IDACORP’s payout ratio is 57.42%.

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in IDACORP by 0.6% in the second quarter. PNC Financial Services Group Inc. now owns 8,248 shares of the coal producer’s stock worth $703,000 after purchasing an additional 50 shares during the period. Capstone Asset Management Co. boosted its holdings in IDACORP by 1.6% in the second quarter. Capstone Asset Management Co. now owns 3,872 shares of the coal producer’s stock worth $330,000 after purchasing an additional 60 shares during the period. World Asset Management Inc boosted its holdings in shares of IDACORP by 2.0% during the second quarter. World Asset Management Inc now owns 3,186 shares of the coal producer’s stock valued at $272,000 after acquiring an additional 64 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of IDACORP by 1.8% during the second quarter. Teacher Retirement System of Texas now owns 4,035 shares of the coal producer’s stock valued at $344,000 after acquiring an additional 73 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of IDACORP by 1.2% during the second quarter. Amalgamated Bank now owns 7,182 shares of the coal producer’s stock valued at $613,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 76.02% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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