PNC Financial Services Group Inc. lifted its stake in shares of IDACORP Inc (NYSE:IDA) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,743 shares of the coal producer’s stock after buying an additional 456 shares during the period. PNC Financial Services Group Inc.’s holdings in IDACORP were worth $813,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IDA. Victory Capital Management Inc. purchased a new position in shares of IDACORP during the third quarter valued at approximately $18,326,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of IDACORP during the fourth quarter valued at approximately $13,960,000. Vanguard Group Inc boosted its position in shares of IDACORP by 2.5% during the third quarter. Vanguard Group Inc now owns 5,324,315 shares of the coal producer’s stock valued at $528,332,000 after buying an additional 129,108 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of IDACORP by 2.5% during the third quarter. Vanguard Group Inc. now owns 5,324,315 shares of the coal producer’s stock valued at $528,332,000 after buying an additional 129,108 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of IDACORP by 9.6% during the third quarter. Renaissance Technologies LLC now owns 1,056,400 shares of the coal producer’s stock valued at $104,827,000 after buying an additional 92,700 shares during the last quarter. 76.83% of the stock is currently owned by institutional investors.

Shares of NYSE:IDA opened at $99.54 on Friday. The company has a market cap of $5.02 billion, a P/E ratio of 22.17, a P/E/G ratio of 8.94 and a beta of 0.39. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.91 and a current ratio of 2.31. IDACORP Inc has a 12-month low of $83.97 and a 12-month high of $102.44.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, February 21st. The coal producer reported $0.52 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. IDACORP had a return on equity of 9.75% and a net margin of 16.55%. The business had revenue of $311.89 million for the quarter, compared to analysts’ expectations of $295.43 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. As a group, research analysts predict that IDACORP Inc will post 4.41 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Tuesday, February 5th were given a $0.63 dividend. The ex-dividend date was Monday, February 4th. This represents a $2.52 annualized dividend and a yield of 2.53%. IDACORP’s dividend payout ratio is currently 56.12%.

In other IDACORP news, VP Tessia Park sold 1,150 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $101.50, for a total value of $116,725.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Steven R. Keen sold 4,346 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $99.32, for a total value of $431,644.72. Following the completion of the transaction, the chief financial officer now directly owns 11,416 shares in the company, valued at approximately $1,133,837.12. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by insiders.

Separately, Zacks Investment Research cut IDACORP from a “buy” rating to a “hold” rating in a research report on Monday, January 7th.

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IDACORP Company Profile

IDACORP, Inc, through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon; 3 natural gas-fired plants in southern Idaho; and interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon.

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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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