Clean Yield Group maintained its position in IdaCorp Inc. (NYSE:IDA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,600 shares of the company’s stock at the end of the second quarter. Clean Yield Group’s holdings in IdaCorp were worth $293,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in IDA. BlackRock Group LTD increased its stake in shares of IdaCorp by 16.3% in the first quarter. BlackRock Group LTD now owns 81,743 shares of the company’s stock worth $6,096,000 after buying an additional 11,452 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of IdaCorp by 21.6% in the first quarter. JPMorgan Chase & Co. now owns 319,337 shares of the company’s stock worth $23,819,000 after buying an additional 56,779 shares during the last quarter. Prudential PLC purchased a new stake in shares of IdaCorp during the first quarter worth about $261,000. Geode Capital Management LLC increased its stake in shares of IdaCorp by 4.6% in the first quarter. Geode Capital Management LLC now owns 358,007 shares of the company’s stock worth $26,703,000 after buying an additional 15,593 shares during the last quarter. Finally, State Street Corp increased its stake in shares of IdaCorp by 1.1% in the first quarter. State Street Corp now owns 1,723,239 shares of the company’s stock worth $128,541,000 after buying an additional 18,875 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of IdaCorp Inc. (NYSE:IDA) traded down 0.46% during midday trading on Friday, reaching $78.28. 222,264 shares of the company’s stock were exchanged. The company has a market cap of $3.95 billion, a P/E ratio of 21.04 and a beta of 0.48. The firm has a 50 day moving average price of $77.65 and a 200 day moving average price of $76.09. IdaCorp Inc. has a 12 month low of $63.44 and a 12 month high of $83.40.
IdaCorp (NYSE:IDA) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.13. IdaCorp had a net margin of 14.97% and a return on equity of 9.05%. During the same quarter in the prior year, the business posted $1.31 EPS. Equities research analysts forecast that IdaCorp Inc. will post $3.89 earnings per share for the current fiscal year.
In related news, Director J Lamont Keen sold 4,000 shares of the business’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $80.65, for a total value of $322,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Rex Blackburn sold 3,000 shares of the business’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 transaction, the insider now directly owns 27,456 shares in the company, valued at $2,238,487.68. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by corporate insiders.
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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