Williams Capital initiated coverage on shares of IdaCorp Inc. (NYSE:IDA) in a research note issued to investors on Tuesday. The firm issued a hold rating and a $75.00 target price on the stock.

IdaCorp (NYSE:IDA) traded down 0.5521% during trading on Tuesday, reaching $75.3716. 19,627 shares of the company’s stock traded hands. IdaCorp has a 12 month low of $64.17 and a 12 month high of $83.40. The stock has a market capitalization of $3.80 billion, a P/E ratio of 20.2612 and a beta of 0.50. The company has a 50-day moving average of $76.82 and a 200 day moving average of $76.18.

IdaCorp (NYSE:IDA) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.99 by $0.13. IdaCorp had a net margin of 14.97% and a return on equity of 9.05%. During the same quarter last year, the company earned $1.31 earnings per share. On average, equities research analysts expect that IdaCorp will post $3.89 earnings per share for the current fiscal year.

In other IdaCorp news, Director J Lamont Keen sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $78.54, for a total value of $314,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey L. Malmen sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $80.81, for a total transaction of $121,215.00. Following the completion of the sale, the senior vice president now directly owns 14,282 shares of the company’s stock, valued at $1,154,128.42. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. BlackRock Fund Advisors increased its stake in shares of IdaCorp by 4.2% in the second quarter. BlackRock Fund Advisors now owns 4,918,290 shares of the company’s stock worth $400,103,000 after buying an additional 198,188 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of IdaCorp by 6.3% in the second quarter. Vanguard Group Inc. now owns 4,220,792 shares of the company’s stock worth $343,361,000 after buying an additional 248,926 shares during the last quarter. State Street Corp increased its stake in shares of IdaCorp by 0.6% in the second quarter. State Street Corp now owns 1,732,742 shares of the company’s stock worth $140,960,000 after buying an additional 9,503 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of IdaCorp by 13.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,721,796 shares of the company’s stock worth $140,068,000 after buying an additional 199,432 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of IdaCorp by 4.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,301,818 shares of the company’s stock worth $97,103,000 after buying an additional 59,124 shares during the last quarter. 74.27% of the stock is owned by institutional investors.

About IdaCorp

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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