IdaCorp Inc. (NYSE:IDA) issued its quarterly earnings results on Thursday. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.59 by $0.06. IdaCorp had a net margin of 15.71% and a return on equity of 9.41%. During the same quarter in the previous year, the business posted $1.46 earnings per share. IdaCorp updated its FY16 guidance to $3.85-3.95 EPS.
IdaCorp (NYSE:IDA) opened at 76.67 on Monday. The company’s 50-day moving average is $76.59 and its 200 day moving average is $76.30. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 19.60 and a beta of 0.50. IdaCorp has a 1-year low of $64.17 and a 1-year high of $83.40.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 7th will be paid a dividend of $0.55 per share. This is a positive change from IdaCorp’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $2.20 annualized dividend and a yield of 2.87%. IdaCorp’s dividend payout ratio (DPR) is presently 52.17%.
Separately, Williams Capital assumed coverage on shares of IdaCorp in a research note on Tuesday, October 18th. They set a “hold” rating and a $75.00 price objective on the stock.
In other news, SVP Jeffrey L. Malmen sold 1,500 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $80.81, for a total value of $121,215.00. Following the completion of the transaction, the senior vice president now owns 14,282 shares of the company’s stock, valued at $1,154,128.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Lamont Keen sold 4,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $78.54, for a total transaction of $314,160.00. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. boosted its position in IdaCorp by 164.2% in the second quarter. Sei Investments Co. now owns 1,387 shares of the company’s stock worth $112,000 after buying an additional 862 shares during the period. Creative Planning boosted its position in IdaCorp by 1.5% in the second quarter. Creative Planning now owns 1,731 shares of the company’s stock worth $141,000 after buying an additional 25 shares during the period. State of Alaska Department of Revenue boosted its position in IdaCorp by 5.9% in the second quarter. State of Alaska Department of Revenue now owns 1,880 shares of the company’s stock worth $152,000 after buying an additional 105 shares during the period. IFP Advisors Inc boosted its position in IdaCorp by 3.6% in the second quarter. IFP Advisors Inc now owns 1,911 shares of the company’s stock worth $155,000 after buying an additional 67 shares during the period. Finally, World Asset Management Inc bought a new position in IdaCorp during the second quarter worth approximately $200,000. 74.29% of the stock is owned by hedge funds and other institutional investors.
IdaCorp Company Profile