IDACORP, Inc. (IDA) Stake Raised by Aperio Group LLC
Aperio Group LLC lifted its holdings in shares of IDACORP, Inc. (NYSE:IDA) by 32.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,282 shares of the coal producer’s stock after purchasing an additional 14,669 shares during the period. Aperio Group LLC owned about 0.12% of IDACORP worth $5,213,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in IDACORP by 0.5% in the 2nd quarter. BlackRock Inc. now owns 7,852,408 shares of the coal producer’s stock worth $670,203,000 after acquiring an additional 42,058 shares during the last quarter. Vanguard Group Inc. increased its holdings in IDACORP by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,644,039 shares of the coal producer’s stock worth $396,368,000 after acquiring an additional 64,740 shares during the last quarter. State Street Corp increased its holdings in IDACORP by 3.4% in the 2nd quarter. State Street Corp now owns 1,773,322 shares of the coal producer’s stock worth $151,353,000 after acquiring an additional 58,673 shares during the last quarter. Northern Trust Corp increased its holdings in IDACORP by 0.9% in the 2nd quarter. Northern Trust Corp now owns 1,519,093 shares of the coal producer’s stock worth $129,655,000 after acquiring an additional 12,984 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in IDACORP by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 746,349 shares of the coal producer’s stock worth $63,703,000 after acquiring an additional 5,646 shares during the last quarter. Institutional investors own 76.02% of the company’s stock.
IDACORP, Inc. (IDA) opened at $94.61 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 1.53 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $4,705.20, a PE ratio of 22.72, a price-to-earnings-growth ratio of 5.04 and a beta of 0.53. IDACORP, Inc. has a twelve month low of $72.93 and a twelve month high of $94.32.
IDACORP (NYSE:IDA) last posted its earnings results on Thursday, November 2nd. The coal producer reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.14. IDACORP had a return on equity of 9.44% and a net margin of 15.46%. The business had revenue of $408.32 million during the quarter. During the same period in the previous year, the firm earned $1.65 EPS. equities research analysts expect that IDACORP, Inc. will post 4.12 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 6th will be issued a dividend of $0.59 per share. This is a positive change from IDACORP’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.36 annualized dividend and a dividend yield of 2.49%. IDACORP’s payout ratio is presently 57.42%.
A number of research analysts have weighed in on IDA shares. BidaskClub raised IDACORP from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Zacks Investment Research lowered IDACORP from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Finally, KeyCorp reaffirmed a “hold” rating on shares of IDACORP in a report on Friday, October 20th.
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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