OxFORD Asset Management LLP lifted its position in shares of IDACORP, Inc. (NYSE:IDA) by 131.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,023 shares of the coal producer’s stock after purchasing an additional 7,972 shares during the period. OxFORD Asset Management LLP’s holdings in IDACORP were worth $1,197,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of IDA. Vanguard Group Inc. increased its position in shares of IDACORP by 3.6% during the first quarter. Vanguard Group Inc. now owns 4,579,299 shares of the coal producer’s stock worth $379,899,000 after purchasing an additional 159,218 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of IDACORP by 99.1% during the first quarter. Renaissance Technologies LLC now owns 220,770 shares of the coal producer’s stock worth $18,315,000 after purchasing an additional 109,870 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of IDACORP during the first quarter worth about $8,761,000. BlackRock Inc. increased its position in shares of IDACORP by 0.5% during the second quarter. BlackRock Inc. now owns 7,852,408 shares of the coal producer’s stock worth $670,203,000 after purchasing an additional 42,058 shares in the last quarter. Finally, First Washington CORP acquired a new stake in shares of IDACORP during the second quarter worth about $3,570,000. Institutional investors and hedge funds own 75.95% of the company’s stock.
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IDA has been the topic of several recent research reports. KeyCorp restated a “hold” rating on shares of IDACORP in a research report on Friday, September 1st. BidaskClub upgraded IDACORP from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research cut IDACORP from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th.
IDACORP, Inc. (IDA) opened at 90.67 on Friday. IDACORP, Inc. has a 12 month low of $72.93 and a 12 month high of $91.98. The firm has a market cap of $4.57 billion, a PE ratio of 22.90 and a beta of 0.50. The company has a 50-day moving average price of $89.23 and a 200 day moving average price of $86.66.
IDACORP (NYSE:IDA) last released its quarterly earnings data on Thursday, August 3rd. The coal producer reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.07). The business had revenue of $333.01 million for the quarter. IDACORP had a return on equity of 9.20% and a net margin of 15.31%. During the same quarter last year, the business posted $1.12 EPS. Equities research analysts anticipate that IDACORP, Inc. will post $4.00 EPS for the current year.
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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