IDACORP Inc (NYSE:IDA) VP Tessia Park sold 300 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $85.40, for a total value of $25,620.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

IDACORP stock traded up $1.56 during midday trading on Thursday, reaching $87.30. The company had a trading volume of 44,402 shares, compared to its average volume of 343,132. IDACORP Inc has a 1 year low of $79.59 and a 1 year high of $100.04. The stock has a market capitalization of $4,326.18, a P/E ratio of 20.32, a PEG ratio of 5.04 and a beta of 0.47. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.21 and a quick ratio of 1.65.

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IDACORP (NYSE:IDA) last released its earnings results on Thursday, February 22nd. The coal producer reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. IDACORP had a return on equity of 9.59% and a net margin of 15.74%. The firm had revenue of $305.61 million for the quarter, compared to the consensus estimate of $274.05 million. During the same period in the prior year, the business posted $0.66 earnings per share. sell-side analysts predict that IDACORP Inc will post 4.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 5th were given a dividend of $0.59 per share. The ex-dividend date was Friday, February 2nd. This represents a $2.36 annualized dividend and a yield of 2.70%. IDACORP’s dividend payout ratio (DPR) is presently 55.92%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IDA. Millennium Management LLC lifted its position in IDACORP by 519.8% during the fourth quarter. Millennium Management LLC now owns 324,119 shares of the coal producer’s stock worth $29,612,000 after buying an additional 271,825 shares during the period. Renaissance Technologies LLC lifted its position in IDACORP by 48.8% during the fourth quarter. Renaissance Technologies LLC now owns 664,400 shares of the coal producer’s stock worth $60,700,000 after buying an additional 217,900 shares during the period. BlackRock Inc. lifted its position in IDACORP by 1.5% during the fourth quarter. BlackRock Inc. now owns 7,983,305 shares of the coal producer’s stock worth $729,356,000 after buying an additional 116,636 shares during the period. Mackenzie Financial Corp purchased a new position in IDACORP during the fourth quarter worth about $10,050,000. Finally, Wells Fargo & Company MN lifted its position in IDACORP by 56.6% during the third quarter. Wells Fargo & Company MN now owns 251,720 shares of the coal producer’s stock worth $22,134,000 after buying an additional 90,948 shares during the period. Hedge funds and other institutional investors own 75.65% of the company’s stock.

A number of analysts recently commented on IDA shares. ValuEngine raised IDACORP from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Bank of America started coverage on IDACORP in a research note on Tuesday, January 9th. They set an “underperform” rating and a $85.00 price objective on the stock. Zacks Investment Research lowered IDACORP from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Williams Capital reaffirmed a “hold” rating and set a $80.00 price objective (down previously from $86.00) on shares of IDACORP in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $87.00.

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About IDACORP

IDACORP, Inc, through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. It operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon, as well as 3 natural gas-fired plants in southern Idaho; and owns interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon.

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