IDACORP Inc (NYSE:IDA) VP Tessia Park sold 224 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of IDACORP Inc (NYSE:IDA) traded down 1.28% during midday trading on Monday, reaching $81.26. The company’s stock had a trading volume of 125,731 shares. The stock has a 50-day moving average of $80.66 and a 200 day moving average of $78.40. IDACORP Inc has a 12 month low of $69.83 and a 12 month high of $83.99. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 20.62 and a beta of 0.49.
IDACORP (NYSE:IDA) last released its earnings results on Thursday, February 23rd. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company earned $0.63 earnings per share. On average, analysts predict that IDACORP Inc will post $4.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Monday, February 6th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, February 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.71%. IDACORP’s payout ratio is currently 56.27%.
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Separately, Zacks Investment Research lowered IDACORP from a “buy” rating to a “hold” rating in a research report on Wednesday, December 28th.
Several large investors have recently added to or reduced their stakes in the company. Schroder Investment Management Group increased its stake in IDACORP by 166.8% in the third quarter. Schroder Investment Management Group now owns 954,633 shares of the company’s stock worth $74,729,000 after buying an additional 596,870 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in IDACORP by 111.8% in the fourth quarter. Westwood Holdings Group Inc. now owns 645,395 shares of the company’s stock worth $51,987,000 after buying an additional 340,722 shares during the last quarter. Energy Income Partners LLC purchased a new stake in IDACORP during the fourth quarter worth $23,722,000. BlackRock Fund Advisors increased its stake in IDACORP by 4.7% in the third quarter. BlackRock Fund Advisors now owns 5,151,837 shares of the company’s stock worth $403,286,000 after buying an additional 233,547 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management increased its stake in IDACORP by 56.8% in the third quarter. Mesirow Financial Investment Management Equity Management now owns 305,280 shares of the company’s stock worth $23,896,000 after buying an additional 110,565 shares during the last quarter. Institutional investors own 74.26% of the company’s stock.
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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