Energy Income Partners LLC Sells 21,934 Shares of IDACORP Inc (NYSE:IDA)

Share on StockTwits

Energy Income Partners LLC decreased its holdings in shares of IDACORP Inc (NYSE:IDA) by 7.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280,798 shares of the coal producer’s stock after selling 21,934 shares during the quarter. Energy Income Partners LLC owned about 0.72% of IDACORP worth $28,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in IDA. NumerixS Investment Technologies Inc purchased a new stake in IDACORP during the second quarter valued at about $50,000. FNY Investment Advisers LLC bought a new position in shares of IDACORP during the second quarter valued at approximately $80,000. Liberty Wealth Management LLC boosted its stake in shares of IDACORP by 159.6% during the 2nd quarter. Liberty Wealth Management LLC now owns 976 shares of the coal producer’s stock worth $98,000 after acquiring an additional 600 shares during the last quarter. Hilton Capital Management LLC bought a new stake in shares of IDACORP during the 1st quarter valued at $102,000. Finally, Pearl River Capital LLC raised its position in shares of IDACORP by 853.8% during the 2nd quarter. Pearl River Capital LLC now owns 1,240 shares of the coal producer’s stock valued at $125,000 after purchasing an additional 1,110 shares during the period. 98.25% of the stock is currently owned by hedge funds and other institutional investors.

NYSE IDA opened at $110.75 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.03 and a debt-to-equity ratio of 0.76. The firm has a market cap of $4.29 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 6.35 and a beta of 0.24. The company has a 50 day moving average price of $107.39 and a 200 day moving average price of $102.70. IDACORP Inc has a 52 week low of $89.31 and a 52 week high of $111.83.

IDACORP (NYSE:IDA) last announced its quarterly earnings results on Thursday, August 1st. The coal producer reported $1.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.12). The firm had revenue of $316.90 million for the quarter, compared to analysts’ expectations of $327.38 million. IDACORP had a return on equity of 9.40% and a net margin of 16.16%. During the same period last year, the company posted $1.23 earnings per share. On average, equities research analysts anticipate that IDACORP Inc will post 4.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 5th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, August 2nd. IDACORP’s payout ratio is currently 56.12%.

In other news, COO Lisa A. Grow sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $108.26, for a total value of $81,195.00. Following the completion of the transaction, the chief operating officer now owns 14,247 shares of the company’s stock, valued at $1,542,380.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.54% of the company’s stock.

Separately, Zacks Investment Research cut shares of IDACORP from a “hold” rating to a “sell” rating and set a $108.00 price objective for the company. in a research note on Friday, July 26th.

IDACORP Profile

IDACORP, Inc, through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon; 3 natural gas-fired plants in southern Idaho; and interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon.

Recommended Story: What are trading strategies for the 52-week high/low?

Want to see what other hedge funds are holding IDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDACORP Inc (NYSE:IDA).

Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

Receive News & Ratings for IDACORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDACORP and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

N Brown Group  Rating Reiterated by Shore Capital
N Brown Group Rating Reiterated by Shore Capital
Dunelm Group’s  Neutral Rating Reaffirmed at UBS Group
Dunelm Group’s Neutral Rating Reaffirmed at UBS Group
JPMorgan Chase & Co. Raises Halma  Price Target to GBX 1,500
JPMorgan Chase & Co. Raises Halma Price Target to GBX 1,500
Liberum Capital Increases Gocompare.Com Group  Price Target to GBX 145
Liberum Capital Increases Gocompare.Com Group Price Target to GBX 145
Schneider National  Cut to “Hold” at Stifel Nicolaus
Schneider National Cut to “Hold” at Stifel Nicolaus
Stantec  Upgraded by Zacks Investment Research to “Hold”
Stantec Upgraded by Zacks Investment Research to “Hold”


© 2006-2019 Ticker Report