Shares of IDACORP, Inc. (NYSE:IDA) have earned a consensus broker rating score of 3.00 (Hold) from the four analysts that cover the company, Zacks Investment Research reports. Four analysts have rated the stock with a hold recommendation.
Brokers have set a 12-month consensus target price of $85.50 for the company and are expecting that the company will post $1.06 EPS for the current quarter, according to Zacks. Zacks has also given IDACORP an industry rank of 99 out of 265 based on the ratings given to related companies.
IDA has been the subject of a number of recent research reports. Zacks Investment Research upgraded IDACORP from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Thursday. BidaskClub cut IDACORP from a “buy” rating to a “hold” rating in a report on Friday, June 30th.
Shares of IDACORP (NYSE:IDA) opened at 86.00 on Friday. IDACORP has a 12 month low of $72.93 and a 12 month high of $90.67. The firm has a 50-day moving average price of $86.55 and a 200 day moving average price of $83.61. The company has a market cap of $4.33 billion, a P/E ratio of 21.04 and a beta of 0.51.
IDACORP (NYSE:IDA) last announced its earnings results on Thursday, May 4th. The coal producer reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.10. The firm had revenue of $302.54 million during the quarter. IDACORP had a return on equity of 9.60% and a net margin of 16.02%. During the same quarter last year, the firm posted $0.51 EPS. Equities analysts predict that IDACORP will post $4.00 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Tuesday, August 8th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Friday, August 4th. IDACORP’s dividend payout ratio (DPR) is 53.79%.
In other news, VP Lisa A. Grow sold 1,200 shares of IDACORP stock in a transaction that occurred 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 owns 17,248 shares in the company, valued at approximately $1,528,517.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.71% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. Jaffetilchin Investment Partners LLC bought a new position in shares of IDACORP during the first quarter worth approximately $203,000. First Citizens Bank & Trust Co. acquired a new position in IDACORP during the second quarter worth about $205,000. LifePlan Financial Group Inc acquired a new position in IDACORP during the second quarter worth about $205,000. Quadrature Capital Ltd acquired a new position in IDACORP during the fourth quarter worth about $206,000. Finally, Jane Street Group LLC acquired a new position in IDACORP during the first quarter worth about $209,000. Hedge funds and other institutional investors own 78.40% of the company’s stock.
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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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