IdaCorp Inc. (NYSE:IDA)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $78.35, but opened at $78.39. IdaCorp shares last traded at $78.72, with a volume of 51,519 shares traded.

The company has a market capitalization of $3.95 billion, a PE ratio of 21.08 and a beta of 0.48. The stock has a 50-day moving average of $77.44 and a 200-day moving average of $75.78.

IdaCorp (NYSE:IDA) last issued its earnings results on Thursday, July 28th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.13. IdaCorp had a return on equity of 9.05% and a net margin of 14.97%. During the same period in the previous year, the company posted $1.31 earnings per share. On average, equities research analysts expect that IdaCorp Inc. will post $3.89 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Friday, August 5th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Wednesday, August 3rd. IdaCorp’s dividend payout ratio (DPR) is presently 54.84%.

In other news, insider Rex Blackburn sold 3,000 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $81.53, for a total value of $244,590.00. Following the transaction, the insider now owns 27,456 shares of the company’s stock, valued at approximately $2,238,487.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director J Lamont Keen sold 4,000 shares of the company’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $80.65, for a total value of $322,600.00. The disclosure for this sale can be found here. 0.91% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its position in shares of IdaCorp by 5.1% in the second quarter. Macquarie Group Ltd. now owns 123,250 shares of the company’s stock valued at $10,027,000 after buying an additional 5,950 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in shares of IdaCorp by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,703 shares of the company’s stock valued at $708,000 after buying an additional 26 shares during the period. Mason Street Advisors LLC acquired a new position in shares of IdaCorp during the second quarter valued at approximately $1,870,000. IFP Advisors Inc raised its position in shares of IdaCorp by 3.6% in the second quarter. IFP Advisors Inc now owns 1,911 shares of the company’s stock valued at $155,000 after buying an additional 67 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of IdaCorp by 2.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 244,504 shares of the company’s stock valued at $19,891,000 after buying an additional 5,666 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

IdaCorp Company Profile

IDACORP, Inc is a holding company. The Company’s 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. Its segments are utility operations and all other. The utility operations segment consists of the regulated operations 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.

5 Day Chart for NYSE:IDA

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