Wells Fargo & Company MN lifted its position in IDACORP, Inc. (NYSE:IDA) by 13.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 160,772 shares of the coal producer’s stock after purchasing an additional 19,282 shares during the quarter. Wells Fargo & Company MN owned about 0.32% of IDACORP worth $13,722,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of IDACORP by 18,568.5% in the first quarter. BlackRock Inc. now owns 7,810,350 shares of the coal producer’s stock worth $647,945,000 after purchasing an additional 7,768,513 shares during the period. Vanguard Group Inc. increased its holdings in shares of IDACORP by 3.6% in the first quarter. Vanguard Group Inc. now owns 4,579,299 shares of the coal producer’s stock worth $379,899,000 after purchasing an additional 159,218 shares during the period. State Street Corp increased its holdings in shares of IDACORP by 1.0% in the first quarter. State Street Corp now owns 1,714,649 shares of the coal producer’s stock worth $142,250,000 after purchasing an additional 17,562 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of IDACORP by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 746,349 shares of the coal producer’s stock worth $63,703,000 after purchasing an additional 5,646 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of IDACORP by 0.8% in the first quarter. AQR Capital Management LLC now owns 632,348 shares of the coal producer’s stock worth $52,459,000 after purchasing an additional 5,186 shares during the period. 75.95% of the stock is currently owned by hedge funds and other institutional investors.

IDA has been the topic of several research analyst reports. Zacks Investment Research raised shares of IDACORP from a “sell” rating to a “hold” rating in a report on Friday, July 7th. BidaskClub raised shares of IDACORP from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, KeyCorp reaffirmed a “hold” rating on shares of IDACORP in a report on Friday, September 1st.

IDACORP, Inc. (NYSE IDA) opened at 87.93 on Friday. The stock has a 50 day moving average of $88.54 and a 200 day moving average of $85.84. IDACORP, Inc. has a 12-month low of $72.93 and a 12-month high of $91.98. The company has a market cap of $4.43 billion, a PE ratio of 22.21 and a beta of 0.51.

IDACORP (NYSE:IDA) last released its earnings results on Thursday, August 3rd. The coal producer reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.07). IDACORP had a net margin of 15.31% and a return on equity of 9.20%. The firm had revenue of $333.01 million for the quarter. During the same quarter last year, the business posted $1.12 EPS. Equities analysts expect that IDACORP, Inc. will post $4.00 earnings per share for the current year.

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IDACORP Company Profile

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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