IDACORP Inc (IDA) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC lifted its position in shares of IDACORP Inc (NYSE:IDA) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,893 shares of the coal producer’s stock after acquiring an additional 1,072 shares during the quarter. Teachers Advisors LLC owned approximately 0.18% of IDACORP worth $8,304,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IDA. Sei Investments Co. boosted its holdings in shares of IDACORP by 10.7% during the 3rd quarter. Sei Investments Co. now owns 7,361 shares of the coal producer’s stock valued at $647,000 after acquiring an additional 710 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of IDACORP by 35.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 40,791 shares of the coal producer’s stock valued at $3,586,000 after acquiring an additional 10,693 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of IDACORP by 7.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 156,155 shares of the coal producer’s stock valued at $13,731,000 after acquiring an additional 11,252 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of IDACORP by 4.0% during the 3rd quarter. Nordea Investment Management AB now owns 19,311 shares of the coal producer’s stock valued at $1,698,000 after acquiring an additional 737 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of IDACORP by 8.8% during the 3rd quarter. Legal & General Group Plc now owns 208,608 shares of the coal producer’s stock valued at $18,344,000 after acquiring an additional 16,884 shares in the last quarter. 75.65% of the stock is currently owned by institutional investors.

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Several research firms recently weighed in on IDA. ValuEngine raised IDACORP from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research raised IDACORP from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Thursday. Williams Capital reissued a “hold” rating and set a $80.00 price objective (down previously from $86.00) on shares of IDACORP in a report on Monday, February 26th. Finally, Bank of America began coverage on IDACORP in a report on Tuesday, January 9th. They set an “underperform” rating and a $85.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $87.33.

In other IDACORP news, VP Tessia Park sold 300 shares of IDACORP stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $85.40, for a total transaction of $25,620.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Steven R. Keen sold 3,557 shares of IDACORP stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $87.72, for a total value of $312,020.04. Following the transaction, the chief financial officer now directly owns 17,240 shares in the company, valued at $1,512,292.80. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by insiders.

Shares of IDA opened at $87.66 on Friday. The stock has a market cap of $4,381.11, a price-to-earnings ratio of 20.82, a P/E/G ratio of 5.11 and a beta of 0.40. IDACORP Inc has a 12 month low of $79.59 and a 12 month high of $100.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 2.21.

IDACORP (NYSE:IDA) last announced its earnings results on Thursday, February 22nd. The coal producer reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. The firm had revenue of $305.61 million for the quarter, compared to the consensus estimate of $274.05 million. IDACORP had a return on equity of 9.59% and a net margin of 15.74%. During the same period in the previous year, the business earned $0.66 EPS. equities research analysts forecast that IDACORP Inc will post 4.18 EPS for the current year.

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IDACORP 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. It operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon, as well as 3 natural gas-fired plants in southern Idaho; and owns interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon.

Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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