IDACORP, Inc. (NYSE:IDA) Shares Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC boosted its position in shares of IDACORP, Inc. (NYSE:IDA) by 84.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,038 shares of the energy company’s stock after acquiring an additional 1,851 shares during the period. Kestra Investment Management LLC’s holdings in IDACORP were worth $441,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of IDACORP by 98.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company’s stock worth $26,000 after purchasing an additional 120 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in IDACORP during the 3rd quarter worth about $25,000. Versant Capital Management Inc boosted its position in shares of IDACORP by 2,150.0% during the 4th quarter. Versant Capital Management Inc now owns 315 shares of the energy company’s stock worth $34,000 after acquiring an additional 301 shares in the last quarter. Independence Bank of Kentucky increased its holdings in shares of IDACORP by 123.6% in the 4th quarter. Independence Bank of Kentucky now owns 407 shares of the energy company’s stock valued at $44,000 after acquiring an additional 225 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of IDACORP by 35.9% during the 3rd quarter. Avior Wealth Management LLC now owns 443 shares of the energy company’s stock worth $46,000 after acquiring an additional 117 shares in the last quarter. 89.10% of the stock is owned by hedge funds and other institutional investors.

IDACORP Stock Up 1.3 %

IDACORP stock opened at $112.08 on Thursday. IDACORP, Inc. has a fifty-two week low of $86.47 and a fifty-two week high of $120.42. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 2.25 and a beta of 0.65. The stock’s fifty day moving average is $109.88 and its two-hundred day moving average is $107.78. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70.

IDACORP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 5th will be paid a $0.86 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $3.44 dividend on an annualized basis and a yield of 3.07%. IDACORP’s payout ratio is 63.82%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on IDA shares. Bank of America raised IDACORP from a “neutral” rating to a “buy” rating and upped their price target for the company from $113.00 to $117.00 in a report on Tuesday, November 5th. StockNews.com downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Jefferies Financial Group dropped their price target on IDACORP from $129.00 to $118.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Guggenheim upgraded shares of IDACORP from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley upped their price objective on shares of IDACORP from $110.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, IDACORP presently has a consensus rating of “Hold” and a consensus price target of $116.20.

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.