IdaCorp Inc. (NYSE:IDA) has received a consensus broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a hold rating.
Brokerages have set a one year consensus price target of $80.00 for the company and are forecasting that the company will post $1.75 EPS for the current quarter, according to Zacks. Zacks has also given IdaCorp an industry rank of 155 out of 265 based on the ratings given to its competitors.
In other news, SVP Jeffrey L. Malmen sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $80.81, for a total transaction of $121,215.00. Following the transaction, the senior vice president now directly owns 14,282 shares of the company’s stock, valued at $1,154,128.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Lamont Keen sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $80.65, for a total value of $322,600.00. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in IdaCorp by 14.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,378 shares of the company’s stock valued at $103,000 after buying an additional 171 shares during the period. Sei Investments Co. boosted its position in IdaCorp by 164.2% in the second quarter. Sei Investments Co. now owns 1,387 shares of the company’s stock valued at $112,000 after buying an additional 862 shares during the period. IFP Advisors Inc boosted its position in IdaCorp by 31.8% in the first quarter. IFP Advisors Inc now owns 1,844 shares of the company’s stock valued at $138,000 after buying an additional 445 shares during the period. Creative Planning boosted its position in IdaCorp by 1.5% in the second quarter. Creative Planning now owns 1,731 shares of the company’s stock valued at $141,000 after buying an additional 25 shares during the period. Finally, State of Alaska Department of Revenue boosted 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 valued at $152,000 after buying an additional 105 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of IdaCorp (NYSE:IDA) traded down 0.28% during trading on Tuesday, reaching $80.58. The company’s stock had a trading volume of 50,959 shares. The stock’s 50 day moving average is $77.58 and its 200 day moving average is $76.00. The firm has a market cap of $4.06 billion, a P/E ratio of 21.66 and a beta of 0.48. IdaCorp has a one year low of $63.37 and a one year high of $83.40.
IdaCorp (NYSE:IDA) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ 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 period in the prior year, the company earned $1.31 earnings per share. On average, equities analysts forecast that IdaCorp will post $3.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 30th. Shareholders of record on Friday, August 5th were given a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $2.04 annualized dividend and a yield of 2.52%. IdaCorp’s payout ratio is currently 54.84%.
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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