IDACORP, Inc. (NYSE:IDA – Get Free Report) SVP Jeffrey L. Malmen sold 1,463 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $98.16, for a total value of $143,608.08. Following the completion of the transaction, the senior vice president now directly owns 15,734 shares of the company’s stock, valued at $1,544,449.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
IDACORP Stock Up 1.9 %
Shares of NYSE:IDA opened at $98.61 on Friday. The company has a market capitalization of $4.99 billion, a PE ratio of 18.30, a P/E/G ratio of 5.22 and a beta of 0.61. The company has a current ratio of 1.57, a quick ratio of 1.27 and a debt-to-equity ratio of 0.87. IDACORP, Inc. has a twelve month low of $92.40 and a twelve month high of $112.96. The firm has a 50 day simple moving average of $98.90 and a 200-day simple moving average of $103.86.
IDACORP (NYSE:IDA – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.13. The company had revenue of $413.84 million for the quarter, compared to analyst estimates of $359.32 million. IDACORP had a net margin of 15.31% and a return on equity of 9.67%. During the same period in the previous year, the business posted $1.27 earnings per share. On average, equities analysts predict that IDACORP, Inc. will post 5.03 EPS for the current fiscal year.
IDACORP Dividend Announcement
Analyst Ratings Changes
A number of brokerages have commented on IDA. Wells Fargo & Company reduced their target price on shares of IDACORP from $112.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Friday, August 4th. StockNews.com assumed coverage on shares of IDACORP in a research report on Sunday, August 20th. They set a “sell” rating for the company. Finally, Mizuho dropped their price target on shares of IDACORP from $107.00 to $105.00 in a research report on Wednesday, August 9th.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Virginia Retirement Systems ET AL acquired a new position in shares of IDACORP during the second quarter worth about $10,886,000. Comerica Bank acquired a new position in shares of IDACORP during the second quarter worth about $8,470,000. Asset Dedication LLC acquired a new position in shares of IDACORP during the second quarter worth about $106,000. Osaic Holdings Inc. increased its stake in shares of IDACORP by 1.4% during the second quarter. Osaic Holdings Inc. now owns 16,981 shares of the energy company’s stock worth $1,743,000 after acquiring an additional 240 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in IDACORP by 10.2% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 8,946 shares of the energy company’s stock worth $918,000 after buying an additional 831 shares in the last quarter. 83.00% of the stock is currently owned by institutional investors and hedge funds.
IDACORP Company Profile
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.
- Five stocks we like better than IDACORP
- What is the Shanghai Stock Exchange Composite Index?
- 3 Reasons Why AMD Might Breakout Higher
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Build a Solid Gold Retirement With AI Powerhouse Adobe
- Most Volatile Stocks, What Investors Need to Know
- 2 Wrecked Stocks Keeping Cars on the Road Ready for Repair
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.