Amalgamated Bank Has $4.03 Million Stock Holdings in IDACORP, Inc. (NYSE:IDA)

Amalgamated Bank trimmed its holdings in IDACORP, Inc. (NYSE:IDAGet Rating) by 3.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 34,907 shares of the energy company’s stock after selling 1,284 shares during the period. Amalgamated Bank’s holdings in IDACORP were worth $4,027,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in shares of IDACORP by 393.6% in the first quarter. Russell Investments Group Ltd. now owns 22,453 shares of the energy company’s stock valued at $2,588,000 after buying an additional 17,904 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of IDACORP by 40.1% in the fourth quarter. HighTower Advisors LLC now owns 3,788 shares of the energy company’s stock valued at $429,000 after buying an additional 1,084 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in IDACORP by 0.8% during the 1st quarter. Bank of New York Mellon Corp now owns 666,114 shares of the energy company’s stock worth $76,843,000 after purchasing an additional 5,101 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in IDACORP by 622.8% during the 4th quarter. Allianz Asset Management GmbH now owns 140,710 shares of the energy company’s stock worth $15,944,000 after purchasing an additional 121,243 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in IDACORP by 2.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 46,065 shares of the energy company’s stock worth $5,314,000 after purchasing an additional 886 shares during the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

IDACORP Stock Performance

NYSE:IDA opened at $108.26 on Thursday. The stock has a market cap of $5.47 billion, a P/E ratio of 22.74, a PEG ratio of 7.86 and a beta of 0.56. The stock has a 50 day simple moving average of $110.15 and a 200 day simple moving average of $109.14. The company has a current ratio of 1.54, a quick ratio of 1.33 and a debt-to-equity ratio of 0.76. IDACORP, Inc. has a 1-year low of $95.26 and a 1-year high of $118.92.

IDACORP (NYSE:IDAGet Rating) last released its quarterly earnings results on Thursday, August 4th. The energy company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.04). IDACORP had a return on equity of 8.98% and a net margin of 16.25%. During the same period last year, the firm earned $1.38 EPS. Research analysts anticipate that IDACORP, Inc. will post 5 earnings per share for the current year.

IDACORP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 3rd were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, August 2nd. This represents a $3.00 annualized dividend and a yield of 2.77%. IDACORP’s payout ratio is currently 63.03%.

IDACORP Company Profile

(Get Rating)

IDACORP, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada.

Read More

Want to see what other hedge funds are holding IDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDACORP, Inc. (NYSE:IDAGet Rating).

Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

Receive News & Ratings for IDACORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDACORP and related companies with MarketBeat.com's FREE daily email newsletter.