Insider Selling: IDACORP Director Sells 2,355 Shares of Stock (IDA)
IDACORP (NYSE:IDA) Director Jan B. Packwood sold 2,355 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $52.85, for a total value of $124,461.75. Following the completion of the transaction, the director now directly owns 9,001 shares in the company, valued at approximately $475,703. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of IDACORP (NYSE:IDA) traded down 1.40% on Tuesday, hitting $52.30. 251,689 shares of the company’s stock traded hands. IDACORP has a one year low of $45.62 and a one year high of $58.79. The stock’s 50-day moving average is $55.65 and its 200-day moving average is $54.7. The company has a market cap of $2.629 billion and a price-to-earnings ratio of 15.42.
IDACORP (NYSE:IDA) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.05. During the same quarter in the prior year, the company posted $0.91 earnings per share. Analysts expect that IDACORP will post $3.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Tuesday, August 5th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Friday, August 1st.
A number of research firms have recently commented on IDA. Analysts at Ladenburg Thalmann reiterated a “neutral” rating on shares of IDACORP in a research note on Tuesday. They now have a $53.00 price target on the stock, down previously from $54.00.
IDACORP, Inc (NYSE:IDA) is a holding company.
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