Public Employees Retirement System of Ohio boosted its stake in shares of IDACORP, Inc. (NYSE:IDA) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,604 shares of the coal producer’s stock after purchasing an additional 140 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in IDACORP were worth $222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. PNC Financial Services Group Inc. increased its holdings in IDACORP by 0.6% during the 2nd 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. increased its holdings in IDACORP by 1.6% during the 2nd 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 increased its holdings in IDACORP by 2.0% during the 2nd quarter. World Asset Management Inc now owns 3,186 shares of the coal producer’s stock worth $272,000 after purchasing an additional 64 shares during the period. Teacher Retirement System of Texas increased its holdings in IDACORP by 1.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,035 shares of the coal producer’s stock worth $344,000 after purchasing an additional 73 shares during the period. Finally, Amalgamated Bank increased its holdings in IDACORP by 1.2% during the 2nd quarter. Amalgamated Bank now owns 7,182 shares of the coal producer’s stock worth $613,000 after purchasing an additional 82 shares during the period. Institutional investors own 76.30% of the company’s stock.

Several equities research analysts have weighed in on the company. ValuEngine upgraded IDACORP from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. BidaskClub upgraded IDACORP from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Zacks Investment Research downgraded IDACORP from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Finally, KeyCorp restated a “hold” rating on shares of IDACORP in a report on Friday, September 1st.

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Shares of IDACORP, Inc. (NYSE IDA) opened at $96.95 on Thursday. The company has a current ratio of 2.03, a quick ratio of 1.53 and a debt-to-equity ratio of 0.78. IDACORP, Inc. has a 1-year low of $74.27 and a 1-year high of $98.43. The firm has a market capitalization of $4,931.97, a PE ratio of 23.81, a price-to-earnings-growth ratio of 5.28 and a beta of 0.53.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 6th will be issued a $0.59 dividend. The ex-dividend date is Friday, November 3rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.43%. This is an increase from IDACORP’s previous quarterly dividend of $0.55. IDACORP’s dividend payout ratio is presently 57.42%.

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.

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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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