UBS Asset Management Americas Inc. increased its position in IdaCorp Inc. (NYSE:IDA) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 144,668 shares of the company’s stock after buying an additional 385 shares during the period. UBS Asset Management Americas Inc. owned about 0.29% of IdaCorp worth $11,769,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. 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 worth $103,000 after buying an additional 171 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 worth $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 worth $141,000 after buying an additional 25 shares during the period. 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 worth $152,000 after buying an additional 105 shares during the period. Finally, World Asset Management Inc bought a new position in IdaCorp during the second quarter worth $200,000. 74.35% of the stock is owned by institutional investors.
IdaCorp Inc. (NYSE:IDA) traded down 0.02% during trading on Friday, hitting $81.28. The stock had a trading volume of 156,548 shares. The stock has a market cap of $4.10 billion, a PE ratio of 21.85 and a beta of 0.48. The firm’s 50-day moving average price is $77.52 and its 200-day moving average price is $75.92. IdaCorp Inc. has a 1-year low of $63.37 and a 1-year high of $83.40.
IdaCorp (NYSE:IDA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the previous year, the business posted $1.31 EPS. On average, equities research analysts predict that IdaCorp Inc. will post $3.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. Investors of record on Friday, August 5th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, August 3rd. IdaCorp’s dividend payout ratio is currently 54.84%.
In related news, SVP Jeffrey L. Malmen sold 1,500 shares of the firm’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 value of $121,215.00. Following the sale, the senior vice president now directly owns 14,282 shares in the company, valued at approximately $1,154,128.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director J Lamont Keen sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $78.54, for a total value of $314,160.00. The disclosure for this sale can be found here. 0.91% of the stock is owned by corporate insiders.
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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