IDACORP Inc (IDA) Holdings Raised by Lavaca Capital LLC
Lavaca Capital LLC raised its position in IDACORP Inc (NYSE:IDA) by 37.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 399 shares of the coal producer’s stock after purchasing an additional 108 shares during the period. Lavaca Capital LLC’s holdings in IDACORP were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of IDACORP in the 4th quarter valued at $13,960,000. Vanguard Group Inc grew its position in shares of IDACORP by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 5,324,315 shares of the coal producer’s stock valued at $528,332,000 after buying an additional 129,108 shares during the last quarter. Vanguard Group Inc. grew its position in shares of IDACORP by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,324,315 shares of the coal producer’s stock valued at $528,332,000 after buying an additional 129,108 shares during the last quarter. Foresters Investment Management Company Inc. purchased a new position in shares of IDACORP in the 4th quarter valued at $9,390,000. Finally, BlackRock Inc. grew its position in shares of IDACORP by 1.2% in the 4th quarter. BlackRock Inc. now owns 8,268,671 shares of the coal producer’s stock valued at $769,483,000 after buying an additional 99,604 shares during the last quarter. 76.82% of the stock is currently owned by institutional investors.
In other IDACORP news, VP Tessia Park sold 1,150 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $101.50, for a total transaction of $116,725.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Steven R. Keen sold 4,346 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $99.32, for a total transaction of $431,644.72. Following the transaction, the chief financial officer now directly owns 11,416 shares in the company, valued at $1,133,837.12. The disclosure for this sale can be found here. Company insiders own 0.71% of the company’s stock.
Shares of NYSE IDA traded up $0.88 during mid-day trading on Thursday, reaching $98.83. The company had a trading volume of 1,363 shares, compared to its average volume of 265,042. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.31 and a quick ratio of 1.91. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 5.77 and a beta of 0.39. IDACORP Inc has a 52-week low of $84.82 and a 52-week high of $102.44.
IDACORP (NYSE:IDA) last posted its earnings results on Thursday, February 21st. The coal producer reported $0.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.52. IDACORP had a net margin of 16.55% and a return on equity of 9.75%. The firm had revenue of $311.89 million for the quarter, compared to the consensus estimate of $295.43 million. During the same period last year, the firm posted $0.77 EPS. As a group, sell-side analysts forecast that IDACORP Inc will post 4.45 earnings per share for the current year.
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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.
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