IdaCorp Inc. (IDA) Stock Price Down 2.5%
IdaCorp Inc. (NYSE:IDA)’s share price fell 2.5% on Friday . The company traded as low as $75.46 and last traded at $75.49, with a volume of 122,135 shares. The stock had previously closed at $77.43.
The firm has a 50-day moving average price of $79.31 and a 200 day moving average price of $75.08. The stock has a market cap of $3.81 billion and a P/E ratio of 20.30.
IdaCorp (NYSE:IDA) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.13. During the same quarter in the previous year, the firm earned $1.31 earnings per share. Equities research analysts expect that IdaCorp Inc. will post $3.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Friday, August 5th will be given a $0.51 dividend. The ex-dividend date is Wednesday, August 3rd. This represents a $2.04 annualized dividend and a yield of 2.70%.
In related news, Director J Lamont Keen sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $74.80, for a total transaction of $299,200.00. Following the completion of the transaction, the director now owns 60,555 shares in the company, valued at approximately $4,529,514. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Tessia Park sold 550 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $74.99, for a total transaction of $41,244.50. Following the transaction, the vice president now owns 3,335 shares of the company’s stock, valued at approximately $250,091.65. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently bought and sold shares of IDA. Principal Financial Group Inc. raised its position in IdaCorp by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 161,260 shares of the company’s stock valued at $10,966,000 after buying an additional 7,323 shares during the period. Schroder Investment Management Group raised its position in IdaCorp by 3.5% in the fourth quarter. Schroder Investment Management Group now owns 317,300 shares of the company’s stock valued at $21,576,000 after buying an additional 10,600 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in IdaCorp by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 859,354 shares of the company’s stock valued at $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.
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