阿拉巴馬州退休系統公司增持IDACORP公司(紐約證券交易所代碼：IDA)

Retirement Systems of Alabama raised its holdings in shares of IDACORP, Inc. (NYSE:IDA – Get Rating) by 0.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 66,282 shares of the energy company's stock after purchasing an additional 133 shares during the period. Retirement Systems of Alabama's holdings in IDACORP were worth $7,646,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Chilton Capital Management LLC purchased a new position in IDACORP during the 4th quarter valued at about $26,000. Trust Co. of Vermont purchased a new position in IDACORP during the 4th quarter valued at about $28,000. Aquire Wealth Advisors LLC purchased a new position in IDACORP during the 4th quarter valued at about $61,000. Rather & Kittrell Inc. purchased a new position in IDACORP during the 4th quarter valued at about $61,000. Finally, Covestor Ltd purchased a new position in IDACORP during the 4th quarter valued at about $64,000. Hedge funds and other institutional investors own 77.88% of the company's stock.

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IDACORP stock opened at $108.94 on Tuesday. IDACORP, Inc. has a 12-month low of $95.26 and a 12-month high of $118.92. The stock has a market capitalization of $5.51 billion, a P/E ratio of 22.37, a P/E/G ratio of 7.73 and a beta of 0.56. The firm's 50-day moving average is $105.74 and its two-hundred day moving average is $108.60. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.87 and a quick ratio of 1.56.

IDACORP (NYSE:IDA – Get Rating) last released its 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 business had revenue of $344.29 million for the quarter, compared to analysts' expectations of $306.55 million. During the same period last year, the company earned $0.89 earnings per share. As a group, analysts forecast that IDACORP, Inc. will post 5 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Investors of record on Tuesday, May 3rd were given a $0.75 dividend. The ex-dividend date was Monday, May 2nd. This represents a $3.00 annualized dividend and a dividend yield of 2.75%. IDACORP's dividend payout ratio is presently 61.60%.

Several research firms have weighed in on IDA. StockNews.com started coverage on shares of IDACORP in a report on Thursday, March 31st. They set a "hold" rating for the company. Mizuho started coverage on shares of IDACORP in a research note on Thursday, March 10th. They set a "buy" rating and a $119.00 price target on the stock. Finally, Wells Fargo & Company raised 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 note on Tuesday, May 3rd.

About IDACORP (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.

Further Reading

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