Virginia Retirement Systems ET AL Sells 5,100 Shares of IDACORP, Inc. (NYSE:IDA)

Virginia Retirement Systems ET AL lowered its holdings in shares of IDACORP, Inc. (NYSE:IDAGet Rating) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 186,000 shares of the energy company’s stock after selling 5,100 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in IDACORP were worth $21,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC acquired a new position in IDACORP in the 4th quarter valued at $26,000. Trust Co. of Vermont acquired a new position in IDACORP in the 4th quarter valued at $28,000. Aquire Wealth Advisors LLC acquired a new position in IDACORP in the 4th quarter valued at $61,000. Rather & Kittrell Inc. acquired a new position in IDACORP in the 4th quarter valued at $61,000. Finally, Covestor Ltd acquired a new position in IDACORP in the 4th quarter valued at $64,000. Institutional investors and hedge funds own 77.88% of the company’s stock.

NYSE IDA opened at $108.94 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.87 and a quick ratio of 1.56. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 7.39 and a beta of 0.58. The company’s fifty day moving average is $105.78 and its two-hundred day moving average is $108.65. IDACORP, Inc. has a 52-week low of $95.26 and a 52-week high of $118.92.

IDACORP (NYSE:IDAGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The energy company reported $0.91 earnings per share (EPS) for the quarter. IDACORP had a net margin of 16.62% and a return on equity of 9.28%. The company had revenue of $344.29 million for the quarter, compared to analyst estimates of $306.55 million. During the same period last year, the business posted $0.89 EPS. As a group, sell-side analysts expect that IDACORP, Inc. will post 5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Tuesday, May 3rd were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, May 2nd. This represents a $3.00 annualized dividend and a dividend yield of 2.75%. IDACORP’s dividend payout ratio (DPR) is currently 61.60%.

A number of research analysts recently issued reports on IDA shares. StockNews.com started coverage on shares of IDACORP in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Mizuho began coverage on shares of IDACORP in a research report on Thursday, March 10th. They issued a “buy” rating and a $119.00 price target on the stock. Finally, Wells Fargo & Company upgraded shares of IDACORP from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $108.00 to $110.00 in a research report on Tuesday, May 3rd.

IDACORP Company Profile (Get Rating)

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.

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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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