Chicago Equity Partners LLC Lowers Holdings in IDACORP Inc (IDA)

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Chicago Equity Partners LLC decreased its position in shares of IDACORP Inc (NYSE:IDA) by 5.7% during the fourth quarter, HoldingsChannel reports. The firm owned 42,461 shares of the coal producer’s stock after selling 2,550 shares during the period. Chicago Equity Partners LLC’s holdings in IDACORP were worth $3,951,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in IDACORP by 2.5% during the third quarter. Vanguard Group Inc. now owns 5,324,315 shares of the coal producer’s stock valued at $528,332,000 after purchasing an additional 129,108 shares in the last quarter. Vanguard Group Inc raised its position in IDACORP by 2.5% during the third quarter. Vanguard Group Inc now owns 5,324,315 shares of the coal producer’s stock valued at $528,332,000 after purchasing an additional 129,108 shares in the last quarter. Renaissance Technologies LLC raised its position in IDACORP by 9.6% during the third quarter. Renaissance Technologies LLC now owns 1,056,400 shares of the coal producer’s stock valued at $104,827,000 after purchasing an additional 92,700 shares in the last quarter. Fisher Asset Management LLC raised its position in IDACORP by 0.9% during the fourth quarter. Fisher Asset Management LLC now owns 358,606 shares of the coal producer’s stock valued at $33,372,000 after purchasing an additional 3,345 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of IDACORP by 1.0% in the third quarter. First Trust Advisors LP now owns 268,871 shares of the coal producer’s stock worth $26,680,000 after buying an additional 2,614 shares during the period. Institutional investors and hedge funds own 81.41% of the company’s stock.

Separately, Zacks Investment Research downgraded IDACORP from a “buy” rating to a “hold” rating in a report on Monday, January 7th.

IDA opened at $98.38 on Tuesday. The stock has a market capitalization of $4.97 billion, a PE ratio of 23.37, a P/E/G ratio of 8.68 and a beta of 0.42. The company has a current ratio of 2.33, a quick ratio of 1.86 and a debt-to-equity ratio of 0.77. IDACORP Inc has a 12 month low of $80.29 and a 12 month high of $102.44.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Tuesday, February 5th will be issued a $0.63 dividend. The ex-dividend date is Monday, February 4th. This represents a $2.52 annualized dividend and a dividend yield of 2.56%. IDACORP’s dividend payout ratio is currently 59.86%.

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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. 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.

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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).

Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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