IDACORP Inc (NYSE:IDA) VP Tessia Park sold 224 shares of the company’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $80.73, for a total value of $18,083.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
IDACORP Inc (NYSE:IDA) traded down 1.28% during mid-day trading on Monday, reaching $81.26. The company had a trading volume of 125,731 shares. IDACORP Inc has a one year low of $69.83 and a one year high of $83.99. The company has a market capitalization of $4.10 billion, a P/E ratio of 20.62 and a beta of 0.49. The stock has a 50 day moving average price of $80.66 and a 200 day moving average price of $78.40.
IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. IDACORP had a return on equity of 9.41% and a net margin of 15.71%. During the same period last year, the firm posted $0.63 earnings per share. On average, equities analysts expect that IDACORP Inc will post $4.00 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Monday, February 6th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Thursday, February 2nd. IDACORP’s dividend payout ratio (DPR) is presently 56.27%.
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Separately, Zacks Investment Research lowered IDACORP from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th.
Several hedge funds and other institutional investors have recently bought and sold shares of IDA. Putnam Investments LLC raised its position in IDACORP by 1.2% in the fourth quarter. Putnam Investments LLC now owns 83,874 shares of the company’s stock valued at $6,756,000 after buying an additional 1,000 shares during the period. Westwood Holdings Group Inc. increased its stake in shares of IDACORP by 111.8% in the fourth quarter. Westwood Holdings Group Inc. now owns 645,395 shares of the company’s stock valued at $51,987,000 after buying an additional 340,722 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of IDACORP by 9.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,600 shares of the company’s stock valued at $693,000 after buying an additional 730 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of IDACORP by 0.9% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 10,700 shares of the company’s stock valued at $862,000 after buying an additional 100 shares in the last quarter. Finally, Energy Income Partners LLC purchased a new stake in shares of IDACORP during the fourth quarter valued at approximately $23,722,000. 74.26% of the stock is owned by hedge funds and other institutional investors.
IDACORP, Inc is a holding company. The Company’s operating subsidiary is Idaho Power Company (Idaho Power), which is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity. Its segments are utility operations and all other. The utility operations segment consists of the regulated operations of Idaho Power, which include the generation, transmission, distribution, purchase and sale of electricity, and Idaho Energy Resources Co (IERCo), a subsidiary of Idaho Power and a joint venturer in Bridger Coal Company (BCC), which mines and supplies coal to the Jim Bridger generating plant owned in part by Idaho Power.
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