December 1, 2016 - By Winifred Garcia · 0 Comments
Idacorp Inc (NYSE:IDA) institutional sentiment decreased to 0.79 in 2016 Q2. Its down -0.62, from 1.41 in 2016Q1. The ratio worsened, as 116 institutional investors started new and increased holdings, while 82 sold and reduced their positions in Idacorp Inc. The institutional investors in our partner’s database now possess: 36.87 million shares, down from 37.49 million shares in 2016Q1. Also, the number of institutional investors holding Idacorp Inc in their top 10 holdings decreased from 4 to 3 for a decrease of 1. Sold All: 22 Reduced: 60 Increased: 91 New Position: 25.
IDACORP, Inc. is a holding company. The Company’s operating subsidiary is Idaho Power Company , which is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity. The company has a market cap of $3.65 billion. The Company’s divisions are utility activities and all other. It has a 19.24 P/E ratio. The utility activities segment consists of the regulated activities of Idaho Power, which include the generation, transmission, distribution, purchase and sale of electricity, and Idaho Energy Resources Co. (IERCo), a subsidiary of Idaho Power and a joint venturer in Bridger Coal Company (BCC), which mines and supplies coal to the Jim Bridger generating plant owned in part by Idaho Power.
About 84,242 shares traded hands. IDACORP Inc (NYSE:IDA) has risen 4.60% since April 28, 2016 and is uptrending. It has underperformed by 1.32% the S&P500.
Analysts await IDACORP Inc (NYSE:IDA) to report earnings on February, 16. They expect $0.63 earnings per share, 0.00% or $0.00 from last year’s $0.63 per share. IDA’s profit will be $30.57 million for 29.85 P/E if the $0.63 EPS becomes a reality. After $1.65 actual earnings per share reported by IDACORP Inc for the previous quarter, Wall Street now forecasts -61.82% negative EPS growth.
According to Zacks Investment Research, “Idacorp Inc. is an electric public utility company. The company is engaged in the generation, purchase, transmission, distribution and sale of electric energy primarily in the areas including southern Idaho, eastern Oregon and northern Nevada. The company relies heavily on hydroelectric power for its generating needs and is one of the nation’s few investor-owned utilities with a predominantly hydro base. The company’s principal commercial and industrial customers include lodges, condominiums, and ski lifts and related facilities.”
Lvm Capital Management Ltd Mi holds 2.46% of its portfolio in IDACORP Inc for 104,523 shares. Tributary Capital Management Llc owns 133,031 shares or 1.58% of their US portfolio. Moreover, Investment Counselors Of Maryland Llc has 1.32% invested in the company for 295,835 shares. The New Jersey-based Palisade Capital Management Llc Nj has invested 1.16% in the stock. John G Ullman & Associates Inc, a New York-based fund reported 64,960 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 6 sales for $1.34 million net activity.
IDACORP, Inc., incorporated on February 2, 1998, is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power), which is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. The Company’s divisions are utility activities and all other. The utility activities segment consists of the regulated activities of Idaho Power, which include the generation, transmission, distribution, purchase and sale of electricity, and Idaho Energy Resources Co. (IERCo), a subsidiary of Idaho Power and a joint venturer in Bridger Coal Company (BCC), which mines and supplies coal to the Jim Bridger generating plant owned in part by Idaho Power. The all other segment consists of IDACORP Financial Services, Inc.’s (IFS) investments in housing developments and rehabilitation projects, Ida-West Energy Company’s (Ida-West) joint venture investments in small hydroelectric generation projects and the remaining activities of IDACORP Energy Services Co. (IESCo).
More notable recent IDACORP Inc (NYSE:IDA) news were published by: Marketwatch.com which released: “Idacorp started at hold with $75 stock price target at Williams Capital Group” on April 24, 2010, also Prnewswire.com with their article: “IDACORP, Inc. Announces Third Quarter 2016 Results, Reaffirms 2016 Earnings …” published on October 27, 2016, Prnewswire.com published: “IDACORP, Inc. Announces Second Quarter 2016 Results, Reaffirms 2016 Earnings …” on July 28, 2016. More interesting news about IDACORP Inc (NYSE:IDA) were released by: Prnewswire.com and their article: “IDACORP, Inc. Announces Year-End and Fourth Quarter 2015 Results, Initiates …” published on February 18, 2016 as well as Equitiesfocus.com‘s news article titled: “IDACORP, Inc. (NYSE:IDA) 200-Day MA At $76.85” with publication date: November 30, 2016.
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By Winifred Garcia