IDACORP Inc (IDA) Holdings Boosted by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC grew its position in IDACORP Inc (NYSE:IDA) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,325 shares of the coal producer’s stock after purchasing an additional 1,000 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.52% of IDACORP worth $24,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of IDA. Lavaca Capital LLC bought a new position in shares of IDACORP in the fourth quarter worth approximately $27,000. Private Capital Group LLC boosted its position in shares of IDACORP by 107.0% in the fourth quarter. Private Capital Group LLC now owns 387 shares of the coal producer’s stock worth $36,000 after purchasing an additional 200 shares during the period. Pearl River Capital LLC bought a new position in shares of IDACORP in the fourth quarter worth approximately $53,000. Oppenheimer Asset Management Inc. bought a new position in shares of IDACORP in the fourth quarter worth approximately $56,000. Finally, NumerixS Investment Technologies Inc boosted its position in shares of IDACORP by 62.5% in the fourth quarter. NumerixS Investment Technologies Inc now owns 1,300 shares of the coal producer’s stock worth $120,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 76.83% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of IDACORP from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research report on Thursday, January 10th.

IDA stock opened at $99.54 on Friday. IDACORP Inc has a one year low of $83.97 and a one year high of $102.44. The company has a current ratio of 2.31, a quick ratio of 1.91 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $5.02 billion, a PE ratio of 22.17, a P/E/G ratio of 8.94 and a beta of 0.39.

IDACORP (NYSE:IDA) last released its earnings results on Thursday, February 21st. The coal producer reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. IDACORP had a net margin of 16.55% and a return on equity of 9.75%. The firm had revenue of $311.89 million for the quarter, compared to the consensus estimate of $295.43 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. On average, equities research analysts predict that IDACORP Inc will post 4.41 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Tuesday, February 5th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Monday, February 4th. IDACORP’s dividend payout ratio (DPR) is presently 56.12%.

In other news, VP Tessia Park sold 1,150 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $101.50, for a total value of $116,725.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven R. Keen sold 4,346 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $99.32, for a total transaction of $431,644.72. Following the completion of the transaction, the chief financial officer now directly owns 11,416 shares in the company, valued at approximately $1,133,837.12. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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