Pring Turner Capital Group Inc. decreased its position in IdaCorp Inc. (NYSE:IDA) by 2.9% during the second quarter, Holdings Channel reports. The firm owned 3,300 shares of the company’s stock after selling 100 shares during the period. Pring Turner Capital Group Inc.’s holdings in IdaCorp were worth $268,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of IDA. Creative Planning raised its position in IdaCorp by 1.5% in the second quarter. Creative Planning now owns 1,731 shares of the company’s stock worth $141,000 after buying an additional 25 shares during the period. State of Alaska Department of Revenue raised its position in IdaCorp by 5.9% in the second quarter. State of Alaska Department of Revenue now owns 1,880 shares of the company’s stock worth $152,000 after buying an additional 105 shares during the period. Boothbay Fund Management LLC purchased a new position in IdaCorp during the first quarter worth about $210,000. LS Investment Advisors LLC raised its position in IdaCorp by 72.8% in the second quarter. LS Investment Advisors LLC now owns 3,005 shares of the company’s stock worth $244,000 after buying an additional 1,266 shares during the period. Finally, Prudential PLC purchased a new position in IdaCorp during the first quarter worth about $261,000. 74.27% of the stock is currently owned by institutional investors and hedge funds.
IdaCorp Inc. (NYSE:IDA) traded up 0.23% on Monday, reaching $75.03. 47,833 shares of the company’s stock were exchanged. IdaCorp Inc. has a 1-year low of $64.17 and a 1-year high of $83.40. The stock has a market capitalization of $3.78 billion, a P/E ratio of 20.17 and a beta of 0.50. The firm’s 50 day moving average is $76.84 and its 200 day moving average is $76.15.
IdaCorp (NYSE:IDA) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.13. IdaCorp had a return on equity of 9.05% and a net margin of 14.97%. During the same quarter last year, the firm posted $1.31 earnings per share. Analysts expect that IdaCorp Inc. will post $3.89 EPS for the current year.
In other IdaCorp news, insider Rex Blackburn sold 3,000 shares of the firm’s 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 sale, the insider now directly owns 27,456 shares in the company, valued at approximately $2,238,487.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffrey L. Malmen sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $80.81, for a total value of $121,215.00. Following the sale, the senior vice president now owns 14,282 shares of the company’s stock, valued at $1,154,128.42. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.
IdaCorp Company Profile
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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