IDACORP, Inc. (IDA) Shares Bought by Strs Ohio

Strs Ohio raised its position in IDACORP, Inc. (NYSE:IDA) by 6.5% during the second quarter, Holdings Channel reports. The firm owned 9,900 shares of the coal producer’s stock after buying an additional 600 shares during the period. Strs Ohio’s holdings in IDACORP were worth $844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IDA. Great West Life Assurance Co. Can raised its position in shares of IDACORP by 4.7% in the first quarter. Great West Life Assurance Co. Can now owns 29,852 shares of the coal producer’s stock worth $2,476,000 after buying an additional 1,351 shares during the period. Adams Diversified Equity Fund Inc. boosted its stake in IDACORP by 3.0% in the first quarter. Adams Diversified Equity Fund Inc. now owns 13,800 shares of the coal producer’s stock worth $1,145,000 after buying an additional 400 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in IDACORP by 3.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,786 shares of the coal producer’s stock worth $1,476,000 after buying an additional 584 shares in the last quarter. First Midwest Bank Trust Division boosted its stake in IDACORP by 0.5% in the first quarter. First Midwest Bank Trust Division now owns 9,675 shares of the coal producer’s stock worth $803,000 after buying an additional 45 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in IDACORP by 41.3% in the first quarter. Russell Investments Group Ltd. now owns 25,634 shares of the coal producer’s stock worth $2,127,000 after buying an additional 7,494 shares in the last quarter. Institutional investors own 78.73% of the company’s stock.

Shares of IDACORP, Inc. (IDA) opened at 86.83 on Friday. IDACORP, Inc. has a 52-week low of $72.93 and a 52-week high of $90.67. The stock’s 50 day moving average price is $85.99 and its 200-day moving average price is $84.38. The company has a market capitalization of $4.38 billion, a PE ratio of 21.93 and a beta of 0.51.

IDACORP (NYSE:IDA) last announced its quarterly earnings data on Thursday, August 3rd. The coal producer reported $0.99 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.07. The company had revenue of $333.01 million during the quarter. IDACORP had a net margin of 15.31% and a return on equity of 9.20%. During the same period in the previous year, the company earned $1.12 earnings per share. On average, analysts expect that IDACORP, Inc. will post $4.00 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 8th will be issued a $0.55 dividend. The ex-dividend date is Friday, August 4th. This represents a $2.20 annualized dividend and a yield of 2.53%. IDACORP’s dividend payout ratio is presently 55.56%.

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IDA has been the topic of a number of research reports. Zacks Investment Research upgraded IDACORP from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research report on Thursday, July 27th. BidaskClub cut IDACORP from a “buy” rating to a “hold” rating in a research report on Friday, June 30th.

In other IDACORP news, VP Lisa A. Grow sold 1,200 shares of IDACORP stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $88.62, for a total value of $106,344.00. Following the completion of the transaction, the vice president now directly owns 17,248 shares of the company’s stock, valued at approximately $1,528,517.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is owned by 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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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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