Hantz Financial Services Inc. Has $987,000 Position in IDACORP, Inc. (NYSE:IDA)

Hantz Financial Services Inc. lessened its position in shares of IDACORP, Inc. (NYSE:IDA) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,029 shares of the energy company’s stock after selling 436 shares during the period. Hantz Financial Services Inc.’s holdings in IDACORP were worth $987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new stake in IDACORP during the 3rd quarter worth $25,000. V Square Quantitative Management LLC acquired a new stake in IDACORP during the third quarter worth approximately $26,000. MassMutual Private Wealth & Trust FSB grew its position in shares of IDACORP by 98.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company’s stock worth $26,000 after buying an additional 120 shares during the period. Versant Capital Management Inc increased its stake in IDACORP by 2,150.0% in the fourth quarter. Versant Capital Management Inc now owns 315 shares of the energy company’s stock valued at $34,000 after purchasing an additional 301 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in IDACORP by 35.9% during the 3rd quarter. Avior Wealth Management LLC now owns 443 shares of the energy company’s stock worth $46,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

IDACORP Price Performance

Shares of NYSE:IDA opened at $110.03 on Friday. IDACORP, Inc. has a one year low of $86.43 and a one year high of $120.42. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.34. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.22 and a beta of 0.65. The company’s fifty day moving average price is $111.32 and its 200-day moving average price is $106.47.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, October 31st. The energy company reported $2.12 earnings per share (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 firm had revenue of $528.53 million during the quarter, compared to analysts’ expectations of $524.39 million. During the same period in the prior year, the company earned $2.07 EPS. On average, equities research analysts anticipate that IDACORP, Inc. will post 5.41 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 5th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, February 5th. IDACORP’s dividend payout ratio is presently 63.82%.

Wall Street Analyst Weigh In

IDA has been the topic of a number of recent research reports. Bank of America raised shares of IDACORP from a “neutral” rating to a “buy” rating and raised their price objective for the company from $113.00 to $117.00 in a research note on Tuesday, November 5th. Jefferies Financial Group decreased their target price on IDACORP from $129.00 to $118.00 and set a “hold” rating for the company in a research report on Tuesday. Mizuho upgraded IDACORP from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $102.00 to $116.00 in a research note on Friday, November 1st. StockNews.com lowered shares of IDACORP from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Finally, Guggenheim upgraded IDACORP from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $116.20.

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.