First National Bank of Omaha increased its position in IDACORP, Inc. (NYSE:IDA) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,260 shares of the coal producer’s stock after buying an additional 150 shares during the period. First National Bank of Omaha’s holdings in IDACORP were worth $1,729,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the company. Jaffetilchin Investment Partners LLC bought a new position in shares of IDACORP during the first quarter worth about $203,000. Quadrature Capital Ltd bought a new position in shares of IDACORP during the fourth quarter worth about $206,000. Jane Street Group LLC bought a new position in shares of IDACORP during the first quarter worth about $209,000. Creative Planning raised its position in shares of IDACORP by 39.5% in the first quarter. Creative Planning now owns 2,579 shares of the coal producer’s stock worth $214,000 after buying an additional 730 shares during the period. Finally, World Asset Management Inc raised its position in shares of IDACORP by 1.7% in the first quarter. World Asset Management Inc now owns 3,122 shares of the coal producer’s stock worth $259,000 after buying an additional 51 shares during the period. 78.47% of the stock is currently owned by institutional investors and hedge funds.
IDACORP, Inc. (NYSE IDA) traded up 0.73% during midday trading on Friday, reaching $86.84. 56,103 shares of the company’s stock were exchanged. IDACORP, Inc. has a 12 month low of $72.93 and a 12 month high of $90.67. The company has a market cap of $4.38 billion, a P/E ratio of 21.24 and a beta of 0.51. The company has a 50 day moving average price of $86.90 and a 200 day moving average price of $83.33.
IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, May 4th. The coal producer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. IDACORP had a return on equity of 9.60% and a net margin of 16.02%. The business had revenue of $302.54 million for the quarter. During the same quarter last year, the company posted $0.51 EPS. On average, equities analysts anticipate that IDACORP, Inc. will post $4.00 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 8th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.55%. IDACORP’s payout ratio is 53.79%.
A number of equities analysts recently issued reports on the stock. BidaskClub lowered shares of IDACORP from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Zacks Investment Research lowered shares of IDACORP from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th.
In other IDACORP news, VP Lisa A. Grow sold 1,200 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $88.62, for a total transaction of $106,344.00. Following the transaction, the vice president now owns 17,248 shares in the company, valued at approximately $1,528,517.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is owned by company insiders.
About IDACORP
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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