First Quadrant L P CA cut its position in shares of IDACORP Inc (NYSE:IDA) by 90.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,749 shares of the coal producer’s stock after selling 70,302 shares during the quarter. First Quadrant L P CA’s holdings in IDACORP were worth $721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of IDA. OppenheimerFunds Inc. increased its position in shares of IDACORP by 17.9% during the second quarter. OppenheimerFunds Inc. now owns 5,497 shares of the coal producer’s stock worth $507,000 after buying an additional 834 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of IDACORP during the second quarter worth $407,000. Putnam Investments LLC increased its position in shares of IDACORP by 6.9% during the second quarter. Putnam Investments LLC now owns 15,170 shares of the coal producer’s stock worth $1,399,000 after buying an additional 985 shares during the period. Royal London Asset Management Ltd. acquired a new stake in shares of IDACORP during the second quarter worth $939,000. Finally, Radnor Capital Management LLC acquired a new stake in shares of IDACORP during the third quarter worth $204,000. Institutional investors own 77.66% of the company’s stock.

NYSE:IDA opened at $94.59 on Friday. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 8.49 and a beta of 0.40. IDACORP Inc has a 12 month low of $79.59 and a 12 month high of $102.44.

IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, November 1st. The coal producer reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.26. The business had revenue of $408.80 million during the quarter, compared to analysts’ expectations of $405.79 million. IDACORP had a net margin of 17.55% and a return on equity of 10.43%. During the same period last year, the company posted $1.80 earnings per share. As a group, research analysts anticipate that IDACORP Inc will post 4.45 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Tuesday, February 5th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Monday, February 4th. IDACORP’s payout ratio is 59.86%.

Separately, Zacks Investment Research cut shares of IDACORP from a “buy” rating to a “hold” rating in a report on Monday, October 8th.

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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.

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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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