IDACORP Inc (NYSE:IDA) Shares Sold by Everett Harris & Co. CA
Everett Harris & Co. CA lowered its position in shares of IDACORP Inc (NYSE:IDA) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,715 shares of the coal producer’s stock after selling 150 shares during the quarter. Everett Harris & Co. CA’s holdings in IDACORP were worth $306,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in IDA. D.A. Davidson & CO. boosted its holdings in shares of IDACORP by 7.2% in the third quarter. D.A. Davidson & CO. now owns 2,433 shares of the coal producer’s stock worth $274,000 after buying an additional 164 shares during the period. Dean Capital Investments Management LLC boosted its holdings in shares of IDACORP by 34.8% in the third quarter. Dean Capital Investments Management LLC now owns 4,019 shares of the coal producer’s stock worth $453,000 after buying an additional 1,038 shares during the period. GW&K Investment Management LLC boosted its holdings in shares of IDACORP by 8.3% in the third quarter. GW&K Investment Management LLC now owns 299,076 shares of the coal producer’s stock worth $33,697,000 after buying an additional 22,812 shares during the period. Parkside Financial Bank & Trust acquired a new position in shares of IDACORP in the third quarter worth about $31,000. Finally, First Trust Advisors LP boosted its holdings in shares of IDACORP by 89.4% in the third quarter. First Trust Advisors LP now owns 634,727 shares of the coal producer’s stock worth $71,515,000 after buying an additional 299,636 shares during the period. Hedge funds and other institutional investors own 98.27% of the company’s stock.
Shares of IDA stock traded up $0.60 during trading on Thursday, hitting $104.88. 4,104 shares of the company were exchanged, compared to its average volume of 262,732. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.67 and a current ratio of 2.08. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 5.94 and a beta of 0.18. The business’s 50-day simple moving average is $109.10 and its 200 day simple moving average is $105.48. IDACORP Inc has a twelve month low of $89.31 and a twelve month high of $114.01.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 5th will be issued a dividend of $0.67 per share. This is a boost from IDACORP’s previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Monday, November 4th. IDACORP’s dividend payout ratio (DPR) is currently 59.69%.
Several research analysts have commented on the stock. Wells Fargo & Co raised their target price on shares of IDACORP from $109.00 to $113.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. ValuEngine cut shares of IDACORP from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research cut shares of IDACORP from a “hold” rating to a “sell” rating and set a $108.00 target price for the company. in a report on Friday, July 26th. Sidoti assumed coverage on shares of IDACORP in a report on Friday, September 27th. They issued a “neutral” rating and a $114.00 target price for the company. Finally, Williams Capital upgraded shares of IDACORP from a “sell” rating to a “hold” rating and raised their target price for the stock from $90.00 to $104.00 in a report on Friday, November 1st. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $109.75.
In related news, COO Lisa A. Grow sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $108.26, for a total transaction of $81,195.00. Following the completion of the sale, the chief operating officer now directly owns 14,247 shares in the company, valued at $1,542,380.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.
IDACORP, Inc, through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon; 3 natural gas-fired plants in southern Idaho; and interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon.
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