IDACORP, Inc. (NYSE:IDA) Shares Bought by KBC Group NV

KBC Group NV lifted its holdings in shares of IDACORP, Inc. (NYSE:IDA) by 60.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,939 shares of the energy company’s stock after acquiring an additional 731 shares during the period. KBC Group NV’s holdings in IDACORP were worth $212,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Kingswood Wealth Advisors LLC purchased a new position in IDACORP during the fourth quarter worth about $206,000. Tributary Capital Management LLC increased its stake in shares of IDACORP by 1.8% during the 4th quarter. Tributary Capital Management LLC now owns 201,795 shares of the energy company’s stock valued at $22,052,000 after acquiring an additional 3,608 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of IDACORP by 158.2% during the 4th quarter. SG Americas Securities LLC now owns 40,348 shares of the energy company’s stock worth $4,409,000 after acquiring an additional 24,720 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of IDACORP by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 100,297 shares of the energy company’s stock worth $10,960,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in IDACORP in the fourth quarter valued at approximately $313,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

IDACORP Stock Down 0.0 %

IDA stock opened at $110.71 on Wednesday. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.25 and a beta of 0.65. IDACORP, Inc. has a 1-year low of $86.43 and a 1-year high of $120.42. The firm has a fifty day moving average price of $111.01 and a two-hundred day moving average price of $106.86. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.34.

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 given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, February 5th. IDACORP’s dividend payout ratio is presently 63.82%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Bank of America raised shares of IDACORP from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $113.00 to $117.00 in a research note on Tuesday, November 5th. Morgan Stanley upped their price target on IDACORP from $110.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Jefferies Financial Group cut their price objective on IDACORP from $129.00 to $118.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company boosted their target price on IDACORP from $106.00 to $109.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, StockNews.com cut shares of IDACORP from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $116.20.

IDACORP Company 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.