IDACORP Director J Lamont Keen Unloads 4,000 Shares (IDA)
IDACORP (NYSE:IDA) Director J Lamont Keen unloaded 4,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $54.09, for a total transaction of $216,360.00. Following the transaction, the director now directly owns 124,971 shares in the company, valued at approximately $6,759,681. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of IDACORP (NYSE:IDA) traded down 0.05% on Wednesday, hitting $55.48. 52,372 shares of the company’s stock traded hands. IDACORP has a 52 week low of $45.62 and a 52 week high of $58.79. The stock’s 50-day moving average is $54.82 and its 200-day moving average is $54.85. The company has a market cap of $2.789 billion and a P/E ratio of 16.14.
IDACORP (NYSE:IDA) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. During the same quarter in the previous 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 3.10%. 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, August 5th. 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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