Shares of IDACORP, Inc. (NYSE:IDA) have received an average broker rating score of 3.00 (Hold) from the four brokers that cover the company, Zacks Investment Research reports. Four analysts have rated the stock with a hold recommendation.
Analysts have set a 1 year consensus price objective of $85.50 for the company and are anticipating that the company will post $1.07 earnings per share for the current quarter, according to Zacks. Zacks has also assigned IDACORP an industry rank of 122 out of 265 based on the ratings given to its competitors.
A number of analysts have issued reports on the company. BidaskClub lowered IDACORP from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research lowered IDACORP from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th.
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In other IDACORP news, VP Lisa A. Grow sold 1,200 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $88.62, for a total value of $106,344.00. Following the completion of the transaction, the vice president now owns 17,248 shares in the company, valued at $1,528,517.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.71% of the company’s stock.
Several institutional investors have recently bought and sold shares of IDA. First Midwest Bank Trust Division increased its position in IDACORP by 0.5% in the first quarter. First Midwest Bank Trust Division now owns 9,675 shares of the coal producer’s stock valued at $803,000 after buying an additional 45 shares during the period. World Asset Management Inc increased its position in IDACORP by 1.7% in the first quarter. World Asset Management Inc now owns 3,122 shares of the coal producer’s stock valued at $259,000 after buying an additional 51 shares during the period. Capstone Asset Management Co. increased its position in IDACORP by 1.6% in the second quarter. Capstone Asset Management Co. now owns 3,872 shares of the coal producer’s stock valued at $330,000 after buying an additional 60 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in IDACORP by 0.9% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 10,700 shares of the coal producer’s stock valued at $862,000 after buying an additional 100 shares during the period. Finally, Advantus Capital Management Inc increased its position in IDACORP by 3.0% in the first quarter. Advantus Capital Management Inc now owns 6,452 shares of the coal producer’s stock valued at $535,000 after buying an additional 188 shares during the period. Institutional investors and hedge funds own 78.47% of the company’s stock.
Shares of IDACORP (NYSE IDA) traded up 0.13% on Friday, reaching $84.18. The company had a trading volume of 122,362 shares. IDACORP has a 1-year low of $72.93 and a 1-year high of $90.67. The stock has a market capitalization of $4.24 billion, a P/E ratio of 20.59 and a beta of 0.51. The company’s 50 day moving average price is $86.97 and its 200-day moving average price is $82.92.
IDACORP (NYSE:IDA) last announced its earnings results on Thursday, May 4th. The coal producer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. The company had revenue of $302.54 million for the quarter. IDACORP had a return on equity of 9.60% and a net margin of 16.02%. During the same period in the previous year, the firm earned $0.51 EPS. Equities analysts predict that IDACORP will post $4.00 EPS for the current year.
IDACORP Company Profile
IDACORP, Inc is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power). The Company’s segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity.
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