IDACORP Inc (NYSE:IDA) Position Decreased by Louisiana State Employees Retirement System

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Louisiana State Employees Retirement System lowered its position in shares of IDACORP Inc (NYSE:IDA) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,400 shares of the coal producer’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in IDACORP were worth $1,247,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in IDA. Martingale Asset Management L P grew its stake in IDACORP by 0.5% in the 3rd quarter. Martingale Asset Management L P now owns 63,507 shares of the coal producer’s stock valued at $6,302,000 after acquiring an additional 300 shares during the last quarter. Vident Investment Advisory LLC grew its stake in IDACORP by 13.3% in the 3rd quarter. Vident Investment Advisory LLC now owns 4,898 shares of the coal producer’s stock valued at $486,000 after acquiring an additional 575 shares during the last quarter. Riverhead Capital Management LLC grew its stake in IDACORP by 16.7% in the 3rd quarter. Riverhead Capital Management LLC now owns 4,203 shares of the coal producer’s stock valued at $417,000 after acquiring an additional 600 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in IDACORP by 5.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 12,131 shares of the coal producer’s stock valued at $1,204,000 after acquiring an additional 649 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in IDACORP by 19.0% in the 3rd quarter. Acadian Asset Management LLC now owns 4,159 shares of the coal producer’s stock valued at $413,000 after acquiring an additional 665 shares during the last quarter. Institutional investors own 77.52% of the company’s stock.

Separately, Zacks Investment Research raised shares of IDACORP from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research note on Thursday, January 10th.

Shares of IDACORP stock traded up $0.47 during mid-day trading on Friday, hitting $98.55. 142,118 shares of the stock were exchanged, compared to its average volume of 223,059. IDACORP Inc has a twelve month low of $80.29 and a twelve month high of $102.44. The stock has a market capitalization of $4.97 billion, a P/E ratio of 23.41, a P/E/G ratio of 8.68 and a beta of 0.42. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.33 and a quick ratio of 1.86.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Tuesday, February 5th will be paid a dividend of $0.63 per share. 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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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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