IDA has been the subject of a number of other research reports. Guggenheim initiated coverage on IDACORP in a report on Friday, October 27th. They set a “buy” rating and a $104.00 target price for the company. Mizuho decreased their price target on IDACORP from $97.00 to $93.00 and set a “neutral” rating for the company in a report on Tuesday, October 31st. UBS Group started coverage on IDACORP in a report on Monday, October 23rd. They issued a “neutral” rating and a $99.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on IDACORP from $112.00 to $108.00 and set an “equal weight” rating for the company in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $101.00.
IDACORP Stock Performance
In related news, SVP Jeffrey L. Malmen sold 1,463 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $98.16, for a total transaction of $143,608.08. Following the completion of the sale, the senior vice president now directly owns 15,734 shares in the company, valued at $1,544,449.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company’s stock.
Institutional Trading of IDACORP
Large investors have recently made changes to their positions in the company. Chilton Capital Management LLC purchased a new stake in shares of IDACORP during the first quarter worth approximately $25,000. Ameritas Advisory Services LLC purchased a new stake in shares of IDACORP during the first quarter worth approximately $29,000. Headlands Technologies LLC purchased a new stake in shares of IDACORP during the third quarter worth approximately $40,000. State of Wyoming boosted its stake in IDACORP by 34.4% during the second quarter. State of Wyoming now owns 426 shares of the energy company’s stock worth $44,000 after buying an additional 109 shares during the last quarter. Finally, Cohen & Steers Inc. boosted its stake in IDACORP by 33.8% during the first quarter. Cohen & Steers Inc. now owns 400 shares of the energy company’s stock worth $46,000 after buying an additional 101 shares during the last quarter. 83.00% of the stock is currently owned by hedge funds and other institutional investors.
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.
- Five stocks we like better than IDACORP
- How to Capture the Benefits of Dividend Increases
- The most upgraded stocks in November have two things in common
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Monday.com rocked earnings like it’s the weekend
- Which Wall Street Analysts are the Most Accurate?
- Plan to own one retailer? Make it this one
Receive News & Ratings for IDACORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDACORP and related companies with MarketBeat.com's FREE daily email newsletter.