State of Alaska Department of Revenue trimmed its holdings in IDACORP Inc (NYSE:IDA) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,285 shares of the coal producer’s stock after selling 674 shares during the quarter. State of Alaska Department of Revenue’s holdings in IDACORP were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. D. E. Shaw & Co. Inc. lifted its stake in shares of IDACORP by 216.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 109,024 shares of the coal producer’s stock valued at $10,949,000 after purchasing an additional 74,624 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of IDACORP in the 2nd quarter valued at about $50,000. Royal Bank of Canada lifted its stake in shares of IDACORP by 12.3% in the 2nd quarter. Royal Bank of Canada now owns 208,290 shares of the coal producer’s stock valued at $20,918,000 after purchasing an additional 22,822 shares during the period. Squarepoint Ops LLC raised its stake in IDACORP by 53.3% during the 3rd quarter. Squarepoint Ops LLC now owns 115,275 shares of the coal producer’s stock worth $12,988,000 after buying an additional 40,091 shares during the period. Finally, California State Teachers Retirement System raised its stake in IDACORP by 0.3% during the 3rd quarter. California State Teachers Retirement System now owns 80,194 shares of the coal producer’s stock worth $9,035,000 after buying an additional 270 shares during the period. 76.38% of the stock is currently owned by institutional investors.
Shares of IDA opened at $109.12 on Friday. 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 stock has a 50 day moving average price of $106.02 and a two-hundred day moving average price of $106.69. The firm has a market capitalization of $5.47 billion, a P/E ratio of 26.04, a P/E/G ratio of 9.53 and a beta of 0.18. IDACORP Inc has a 52 week low of $92.63 and a 52 week high of $114.01.
IDACORP (NYSE:IDA) last issued its quarterly earnings data on Thursday, October 31st. The coal producer reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.15). The company had revenue of $386.32 million for the quarter, compared to the consensus estimate of $396.28 million. IDACORP had a return on equity of 8.79% and a net margin of 15.52%. During the same period in the prior year, the firm posted $2.02 earnings per share. On average, equities analysts forecast that IDACORP Inc will post 4.44 earnings per share for the current year.
IDA has been the topic of a number of research reports. ValuEngine downgraded IDACORP from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Sidoti initiated coverage on IDACORP in a research note on Friday, September 27th. They set a “neutral” rating and a $114.00 price target on the stock. Williams Capital raised IDACORP from a “sell” rating to a “hold” rating and upped their price target for the stock from $90.00 to $104.00 in a research note on Friday, November 1st. Finally, Bank of America raised IDACORP from an “underperform” rating to a “neutral” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $108.67.
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.
See Also: What does the Dogs of the Dow mean?
Want to see what other hedge funds are holding IDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDACORP Inc (NYSE:IDA).
Receive News & Ratings for IDACORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDACORP and related companies with MarketBeat.com's FREE daily email newsletter.