Virtu Financial LLC Buys Shares of 3,423 IDACORP Inc (IDA)
Virtu Financial LLC bought a new stake in shares of IDACORP Inc (NYSE:IDA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,423 shares of the coal producer’s stock, valued at approximately $313,000.
Other institutional investors have also made changes to their positions in the company. Motco acquired a new stake in shares of IDACORP during the fourth quarter valued at about $100,000. Zions Bancorporation acquired a new stake in shares of IDACORP during the third quarter valued at about $104,000. Mountain Pacific Investment Advisers Inc. ID acquired a new stake in shares of IDACORP during the fourth quarter valued at about $204,000. Vident Investment Advisory LLC acquired a new stake in shares of IDACORP during the third quarter valued at about $205,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of IDACORP by 5.7% during the second quarter. Public Employees Retirement System of Ohio now owns 2,604 shares of the coal producer’s stock valued at $222,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.
IDACORP Inc (IDA) opened at $82.98 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 2.21. IDACORP Inc has a 12-month low of $79.59 and a 12-month high of $100.04. The company has a market cap of $4,198.69, a PE ratio of 19.74, a PEG ratio of 4.90 and a beta of 0.47.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders 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 dividend yield of 2.84%. IDACORP’s payout ratio is 55.92%.
Several equities analysts have recently commented on IDA shares. Bank of America started coverage on shares of IDACORP in a research report on Tuesday, January 9th. They set an “underperform” rating and a $85.00 price target on the stock. Zacks Investment Research cut shares of IDACORP from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine raised shares of IDACORP from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Williams Capital reaffirmed a “hold” rating and set a $80.00 price target (down previously from $86.00) on shares of IDACORP in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.33.
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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