IdaCorp Inc. (IDA) Stock Price Down 2.5%
IdaCorp Inc. (NYSE:IDA) shares traded down 2.5% on Friday . The stock traded as low as $75.46 and last traded at $75.49, with a volume of 122,135 shares changing hands. The stock had previously closed at $77.43.
The firm’s 50-day moving average is $79.31 and its 200-day moving average is $75.08. The company has a market capitalization of $3.81 billion and a P/E ratio of 20.30.
IdaCorp (NYSE:IDA) last posted its earnings results on Thursday, July 28th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.13. During the same quarter in the prior year, the firm posted $1.31 earnings per share. On average, equities analysts expect that IdaCorp Inc. will post $3.89 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 30th. Stockholders of record on Friday, August 5th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.70%.
In other news, Director J Lamont Keen sold 4,000 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $78.54, for a total value of $314,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rex Blackburn sold 3,000 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $81.53, for a total transaction of $244,590.00. Following the completion of the transaction, the insider now directly owns 27,456 shares of the company’s stock, valued at approximately $2,238,487.68. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have modified their holdings of the company. US Bancorp DE raised its position in shares of IdaCorp by 37.1% in the fourth quarter. US Bancorp DE now owns 21,921 shares of the company’s stock worth $1,491,000 after buying an additional 5,935 shares during the period. Principal Financial Group Inc. raised its position in shares of IdaCorp by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 161,260 shares of the company’s stock worth $10,966,000 after buying an additional 7,323 shares during the period. Schroder Investment Management Group raised its position in shares of IdaCorp by 3.5% in the fourth quarter. Schroder Investment Management Group now owns 317,300 shares of the company’s stock worth $21,576,000 after buying an additional 10,600 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of IdaCorp by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 859,354 shares of the company’s stock worth $58,439,000 after buying an additional 3,073 shares during the period.
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.