IDACORP, Inc. (NYSE:IDA) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lowered its position in IDACORP, Inc. (NYSE:IDA) by 1.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,993 shares of the energy company’s stock after selling 525 shares during the period. John G Ullman & Associates Inc. owned about 0.08% of IDACORP worth $3,808,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in IDACORP in the first quarter valued at about $41,000. Northwest Financial Advisors purchased a new stake in IDACORP during the 4th quarter worth $52,000. Kapitalo Investimentos Ltda purchased a new stake in IDACORP during the 4th quarter worth $54,000. EverSource Wealth Advisors LLC boosted its position in IDACORP by 19.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 690 shares of the energy company’s stock worth $68,000 after purchasing an additional 112 shares during the period. Finally, CWM LLC boosted its position in IDACORP by 22.2% during the 4th quarter. CWM LLC now owns 992 shares of the energy company’s stock worth $98,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of IDACORP from $98.00 to $93.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. Wells Fargo & Company raised their price target on shares of IDACORP from $94.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Mizuho raised their price target on shares of IDACORP from $88.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Finally, StockNews.com upgraded shares of IDACORP to a “sell” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $96.40.

IDACORP Price Performance

NYSE:IDA traded up $1.80 during trading hours on Thursday, reaching $94.95. 147,341 shares of the company’s stock were exchanged, compared to its average volume of 364,353. The business’s 50-day simple moving average is $94.14 and its two-hundred day simple moving average is $92.96. IDACORP, Inc. has a 12 month low of $86.43 and a 12 month high of $106.33. The company has a quick ratio of 1.19, a current ratio of 1.54 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $5.06 billion, a P/E ratio of 19.07 and a beta of 0.58.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.06). IDACORP had a return on equity of 8.71% and a net margin of 14.18%. The firm had revenue of $448.94 million during the quarter, compared to analyst estimates of $441.21 million. During the same period in the prior year, the business posted $1.11 EPS. Sell-side analysts expect that IDACORP, Inc. will post 5.36 EPS for the current fiscal year.

IDACORP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 6th were given a $0.83 dividend. The ex-dividend date was Friday, May 3rd. This represents a $3.32 dividend on an annualized basis and a yield of 3.50%. IDACORP’s payout ratio is 66.67%.

Insiders Place Their Bets

In other news, VP James Bo D. Hanchey sold 1,500 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $95.09, for a total transaction of $142,635.00. Following the transaction, the vice president now owns 1,650 shares in the company, valued at approximately $156,898.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

IDACORP Profile

IDACORP, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada.