Atria Investments Inc Has $1.01 Million Stock Position in IDACORP, Inc. (NYSE:IDA)

Atria Investments Inc increased its holdings in shares of IDACORP, Inc. (NYSE:IDA) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,765 shares of the energy company’s stock after acquiring an additional 297 shares during the quarter. Atria Investments Inc’s holdings in IDACORP were worth $1,007,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of IDA. Sei Investments Co. increased its holdings in IDACORP by 90.0% in the 1st quarter. Sei Investments Co. now owns 74,368 shares of the energy company’s stock valued at $6,908,000 after buying an additional 35,217 shares during the period. Jacobi Capital Management LLC raised its position in IDACORP by 17.5% during the first quarter. Jacobi Capital Management LLC now owns 3,450 shares of the energy company’s stock valued at $320,000 after purchasing an additional 514 shares in the last quarter. Covestor Ltd lifted its stake in IDACORP by 587.0% during the first quarter. Covestor Ltd now owns 1,271 shares of the energy company’s stock worth $118,000 after purchasing an additional 1,086 shares during the last quarter. Pitcairn Co. boosted its holdings in shares of IDACORP by 2.4% in the 1st quarter. Pitcairn Co. now owns 4,332 shares of the energy company’s stock valued at $402,000 after purchasing an additional 103 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of IDACORP by 1,020.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,253 shares of the energy company’s stock valued at $209,000 after purchasing an additional 2,052 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

IDACORP Price Performance

IDA stock opened at $117.19 on Monday. The company has a market capitalization of $6.24 billion, a P/E ratio of 21.74, a PEG ratio of 2.61 and a beta of 0.60. The company has a fifty day moving average price of $105.22 and a 200-day moving average price of $99.75. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. IDACORP, Inc. has a 52-week low of $86.43 and a 52-week high of $119.65.

IDACORP (NYSE:IDA) last announced its earnings results on Thursday, October 31st. The energy company reported $2.12 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.05). IDACORP had a return on equity of 9.17% and a net margin of 15.35%. The company had revenue of $528.53 million for the quarter, compared to analyst estimates of $524.39 million. During the same period in the previous year, the firm posted $2.07 earnings per share. As a group, equities analysts expect that IDACORP, Inc. will post 5.41 EPS for the current year.

IDACORP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Tuesday, November 5th. This is an increase from IDACORP’s previous quarterly dividend of $0.83. IDACORP’s dividend payout ratio is currently 63.82%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com lowered IDACORP from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Wells Fargo & Company raised their price target on shares of IDACORP from $106.00 to $109.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Jefferies Financial Group assumed coverage on shares of IDACORP in a research report on Friday, September 20th. They set a “hold” rating and a $110.00 price objective for the company. Mizuho raised shares of IDACORP from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $102.00 to $116.00 in a research note on Friday, November 1st. Finally, Bank of America upgraded shares of IDACORP from a “neutral” rating to a “buy” rating and upped their price target for the stock from $113.00 to $117.00 in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, IDACORP currently has an average rating of “Hold” and an average price target of $108.83.

About IDACORP

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.