Vanguard Group Inc. increased its position in shares of IdaCorp Inc. (NYSE:IDA) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,220,792 shares of the company’s stock after buying an additional 248,926 shares during the period. Vanguard Group Inc. owned about 8.37% of IdaCorp worth $343,361,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Creative Planning raised its stake in shares of 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 in the last quarter. IFP Advisors Inc raised its stake in shares of IdaCorp by 31.8% in the first quarter. IFP Advisors Inc now owns 1,844 shares of the company’s stock worth $138,000 after buying an additional 445 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of 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 in the last quarter. World Asset Management Inc bought a new stake in shares of IdaCorp during the second quarter worth about $200,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of IdaCorp during the first quarter worth about $210,000. 74.35% of the stock is owned by hedge funds and other institutional investors.
Shares of IdaCorp Inc. (NYSE:IDA) traded down 1.25% during mid-day trading on Friday, hitting $73.37. 237,792 shares of the stock were exchanged. The company has a 50-day moving average price of $77.25 and a 200-day moving average price of $76.15. IdaCorp Inc. has a 12 month low of $64.17 and a 12 month high of $83.40. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 19.72 and a beta of 0.50.
IdaCorp (NYSE:IDA) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.13. IdaCorp had a return on equity of 9.05% and a net margin of 14.97%. During the same period in the prior year, the company posted $1.31 earnings per share. Equities analysts expect that IdaCorp Inc. will post $3.89 earnings per share for the current year.
In other IdaCorp news, Director J Lamont Keen sold 4,000 shares of the firm’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $80.65, for a total value of $322,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rex Blackburn sold 3,000 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $81.53, for a total value of $244,590.00. Following the completion of the sale, the insider now directly owns 27,456 shares of the company’s stock, valued at $2,238,487.68. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.