KeyCorp reiterated their hold rating on shares of IDACORP, Inc. (NYSE:IDA) in a research note issued to investors on Friday morning.

Other research analysts have also issued research reports about the stock. BidaskClub raised shares of IDACORP from a sell rating to a hold rating in a research note on Friday, August 25th. Zacks Investment Research downgraded shares of IDACORP from a buy rating to a hold rating in a report on Wednesday.

IDACORP (NYSE:IDA) traded up 0.38% during mid-day trading on Friday, reaching $89.32. 177,010 shares of the company traded hands. IDACORP has a one year low of $72.93 and a one year high of $90.67. The firm has a market cap of $4.50 billion, a PE ratio of 22.56 and a beta of 0.51. The stock’s 50-day moving average price is $87.17 and its 200-day moving average price is $85.10.

IDACORP (NYSE:IDA) last released its quarterly earnings data on Thursday, August 3rd. The coal producer reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.06 by $0.07. IDACORP had a return on equity of 9.20% and a net margin of 15.31%. The firm had revenue of $333.01 million for the quarter. During the same quarter last year, the firm earned $1.12 earnings per share. Analysts forecast that IDACORP will post $4.00 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Tuesday, August 8th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $2.20 dividend on an annualized basis and a yield of 2.46%. IDACORP’s payout ratio is 55.56%.

In other IDACORP news, VP Lisa A. Grow sold 1,200 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $88.62, for a total value of $106,344.00. Following the transaction, the vice president now directly owns 17,248 shares in the company, valued at $1,528,517.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.71% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in IDA. Zurcher Kantonalbank Zurich Cantonalbank increased its position in IDACORP by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,823 shares of the coal producer’s stock valued at $156,000 after buying an additional 224 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of IDACORP by 6.5% in the second quarter. Advisor Group Inc. now owns 1,829 shares of the coal producer’s stock worth $156,000 after buying an additional 111 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in shares of IDACORP by 77.5% in the second quarter. Riverhead Capital Management LLC now owns 2,130 shares of the coal producer’s stock worth $182,000 after buying an additional 930 shares during the last quarter. ETRADE Capital Management LLC acquired a new stake in shares of IDACORP during the second quarter worth about $200,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of IDACORP during the first quarter worth about $203,000. Hedge funds and other institutional investors own 75.95% of the company’s stock.

About IDACORP

IDACORP, Inc is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power). The Company’s segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity.

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