IDACORP, Inc. (NYSE:IDA) Stake Maintained by Commerce Bank

Commerce Bank continued to hold its position in shares of IDACORP, Inc. (NYSE:IDA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,140 shares of the coal producer’s stock at the close of the 2nd quarter. Commerce Bank’s holdings in IDACORP were worth $524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IDA. Principal Financial Group Inc. lifted its holdings in shares of IDACORP by 4.2% during the second quarter. Principal Financial Group Inc. now owns 212,252 shares of the coal producer’s stock valued at $18,116,000 after purchasing an additional 8,646 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of IDACORP by 19.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 3,620 shares of the coal producer’s stock valued at $309,000 after purchasing an additional 590 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of IDACORP by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,823 shares of the coal producer’s stock valued at $156,000 after purchasing an additional 224 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of IDACORP by 12.0% during the second quarter. Pacer Advisors Inc. now owns 5,572 shares of the coal producer’s stock valued at $476,000 after purchasing an additional 598 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC lifted its holdings in shares of IDACORP by 6.3% during the second quarter. Paradigm Asset Management Co. LLC now owns 6,800 shares of the coal producer’s stock valued at $580,000 after purchasing an additional 400 shares during the last quarter. 75.95% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on IDA shares. BidaskClub lowered shares of IDACORP from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of IDACORP from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Finally, KeyCorp restated a “hold” rating on shares of IDACORP in a report on Friday, September 1st.

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Shares of IDACORP, Inc. (NYSE:IDA) opened at 87.75 on Friday. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 22.16 and a beta of 0.51. The firm’s 50-day moving average is $88.54 and its 200-day moving average is $85.84. IDACORP, Inc. has a 52 week low of $72.93 and a 52 week high of $91.98.

IDACORP (NYSE:IDA) last issued its quarterly earnings data on Thursday, August 3rd. The coal producer reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.07). The business 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 quarter last year, the firm posted $1.12 earnings per share. Analysts forecast that IDACORP, Inc. will post $4.00 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 8th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $2.20 annualized dividend and a dividend yield of 2.51%. IDACORP’s dividend payout ratio is currently 55.56%.

IDACORP Company Profile

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.

Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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