IDACORP Inc (NYSE:IDA) VP Tessia Park sold 1,150 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $101.50, for a total value of $116,725.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE IDA traded down $0.79 during mid-day trading on Thursday, reaching $99.28. The company had a trading volume of 176,832 shares, compared to its average volume of 238,007. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.91 and a current ratio of 2.31. IDACORP Inc has a one year low of $82.98 and a one year high of $102.44. The stock has a market capitalization of $5.10 billion, a P/E ratio of 22.11, a PEG ratio of 8.94 and a beta of 0.39.

IDACORP (NYSE:IDA) last issued its quarterly earnings results on Thursday, February 21st. The coal producer reported $0.52 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.52. IDACORP had a return on equity of 9.75% and a net margin of 16.55%. The company had revenue of $311.89 million for the quarter, compared to analysts’ expectations of $295.43 million. During the same quarter last year, the business earned $0.77 earnings per share. Equities research analysts forecast that IDACORP Inc will post 4.41 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Tuesday, February 5th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Monday, February 4th. IDACORP’s dividend payout ratio is presently 56.12%.

A number of institutional investors have recently added to or reduced their stakes in IDA. Victory Capital Management Inc. bought a new position in IDACORP in the third quarter valued at about $18,326,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in IDACORP in the fourth quarter valued at about $13,960,000. Vanguard Group Inc grew its position in IDACORP by 2.5% in the third quarter. Vanguard Group Inc now owns 5,324,315 shares of the coal producer’s stock valued at $528,332,000 after acquiring an additional 129,108 shares during the last quarter. Vanguard Group Inc. grew its position in IDACORP by 2.5% in the third quarter. Vanguard Group Inc. now owns 5,324,315 shares of the coal producer’s stock valued at $528,332,000 after acquiring an additional 129,108 shares during the last quarter. Finally, Foresters Investment Management Company Inc. bought a new position in IDACORP in the fourth quarter valued at about $9,390,000. Hedge funds and other institutional investors own 76.83% of the company’s stock.

Separately, Zacks Investment Research cut IDACORP from a “buy” rating to a “hold” rating in a research report on Monday, January 7th.

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IDACORP Company 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.

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