Friedberg Investment Management maintained its position in IDACORP, Inc. (NYSE:IDA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,733 shares of the coal producer’s stock at the close of the second quarter. Friedberg Investment Management’s holdings in IDACORP were worth $916,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its holdings in IDACORP by 0.6% in the second quarter. PNC Financial Services Group Inc. now owns 8,248 shares of the coal producer’s stock valued at $703,000 after purchasing an additional 50 shares during the period. Capstone Asset Management Co. boosted its holdings 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 purchasing an additional 60 shares during the period. World Asset Management Inc boosted its holdings in IDACORP by 2.0% in the second quarter. World Asset Management Inc now owns 3,186 shares of the coal producer’s stock valued at $272,000 after purchasing an additional 64 shares during the period. Teacher Retirement System of Texas boosted its holdings in IDACORP by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 4,035 shares of the coal producer’s stock valued at $344,000 after purchasing an additional 73 shares during the period. Finally, Amalgamated Bank boosted its holdings in IDACORP by 1.2% in the second quarter. Amalgamated Bank now owns 7,182 shares of the coal producer’s stock valued at $613,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 75.95% of the company’s stock.

A number of research analysts recently issued reports on IDA shares. Zacks Investment Research upgraded IDACORP from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Thursday, July 27th. BidaskClub lowered IDACORP from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, KeyCorp reiterated a “hold” rating on shares of IDACORP in a report on Friday, September 1st.

Shares of IDACORP, Inc. (NYSE:IDA) traded down 0.28% during mid-day trading on Friday, reaching $88.44. The company’s stock had a trading volume of 156,343 shares. The firm has a market capitalization of $4.46 billion, a PE ratio of 22.34 and a beta of 0.50. The firm has a 50-day moving average of $89.03 and a 200-day moving average of $86.46. IDACORP, Inc. has a 52 week low of $72.93 and a 52 week high of $91.98.

IDACORP (NYSE:IDA) last issued its quarterly earnings results on Thursday, August 3rd. The coal producer reported $0.99 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.07). IDACORP had a return on equity of 9.20% and a net margin of 15.31%. The company had revenue of $333.01 million for the quarter. During the same quarter last year, the firm earned $1.12 earnings per share. Equities research analysts forecast that IDACORP, Inc. will post $4.00 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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