Insider Selling: IDACORP Director Unloads 4,000 Shares of Stock (IDA)
IDACORP (NYSE:IDA) Director J Lamont Keen sold 4,000 shares of IDACORP stock on the open market in a transaction dated Thursday, August 14th. The shares were sold at an average price of $54.09, for a total transaction of $216,360.00. Following the sale, the director now directly owns 124,971 shares in the company, valued at approximately $6,759,681. The transaction was disclosed in a filing with the SEC, which is available at this link.
IDA has been the subject of a number of recent research reports. Analysts at Ladenburg Thalmann reiterated a “neutral” rating on shares of IDACORP in a research note on Tuesday, August 5th. They now have a $53.00 price target on the stock, down previously from $54.00.
IDACORP (NYSE:IDA) traded up 0.13% during mid-day trading on Monday, hitting $54.70. The stock had a trading volume of 240,193 shares. IDACORP has a 1-year low of $45.62 and a 1-year high of $58.79. The stock has a 50-day moving average of $54. and a 200-day moving average of $54.79. The company has a market cap of $2.750 billion and a P/E ratio of 15.88.
IDACORP (NYSE:IDA) last announced its earnings results on Thursday, July 31st. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.05. During the same quarter last year, the company posted $0.91 earnings per share. On average, analysts predict that IDACORP will post $3.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors 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 3.15%. The ex-dividend date of this dividend is Friday, August 1st.
IDACORP, Inc (NYSE:IDA) is a holding company.
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