IDACORP Inc (NYSE:IDA) Director Richard J. Dahl bought 200 shares of IDACORP stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average price of $76.72 per share, with a total value of $15,344.00. Following the completion of the purchase, the director now owns 13,120 shares in the company, valued at approximately $1,006,566.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

IDA traded up $4.20 during trading hours on Thursday, hitting $87.03. 12,692 shares of the stock were exchanged, compared to its average volume of 439,566. The stock has a 50-day simple moving average of $100.70 and a 200-day simple moving average of $106.14. IDACORP Inc has a 12 month low of $69.05 and a 12 month high of $114.01. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 7.09 and a beta of 0.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.51 and a quick ratio of 1.20.

IDACORP (NYSE:IDA) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.16. IDACORP had a return on equity of 9.57% and a net margin of 17.30%. The firm had revenue of $292.85 million for the quarter, compared to analysts’ expectations of $291.26 million. During the same period last year, the business posted $0.52 earnings per share. Sell-side analysts expect that IDACORP Inc will post 4.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 5th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Tuesday, February 4th. IDACORP’s dividend payout ratio (DPR) is presently 58.13%.

IDA has been the subject of several research analyst reports. UBS Group upgraded IDACORP from a “neutral” rating to a “buy” rating and reduced their target price for the company from $110.00 to $104.00 in a research note on Wednesday, March 18th. Bank of America upgraded IDACORP from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 18th. Finally, Wells Fargo & Co increased their target price on IDACORP from $113.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $109.40.

A number of institutional investors and hedge funds have recently made changes to their positions in IDA. Procyon Private Wealth Partners LLC bought a new position in IDACORP during the fourth quarter worth $30,000. Ameritas Investment Company LLC lifted its stake in IDACORP by 59.5% during the fourth quarter. Ameritas Investment Company LLC now owns 493 shares of the energy company’s stock worth $53,000 after purchasing an additional 184 shares during the last quarter. Penserra Capital Management LLC bought a new position in IDACORP during the third quarter worth $67,000. Chevy Chase Trust Holdings Inc. bought a new position in IDACORP during the fourth quarter worth $69,000. Finally, Huntington National Bank bought a new stake in IDACORP in the fourth quarter valued at $71,000. Hedge funds and other institutional investors own 77.72% of the company’s stock.

IDACORP Company Profile

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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