Amalgamated Bank Sells 1,284 Shares of IDACORP, Inc. (NYSE:IDA)

Amalgamated Bank reduced its holdings in IDACORP, Inc. (NYSE:IDAGet Rating) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,907 shares of the energy company’s stock after selling 1,284 shares during the quarter. Amalgamated Bank owned 0.07% of IDACORP worth $4,027,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of IDACORP by 5.6% in the first quarter. Vanguard Group Inc. now owns 5,874,121 shares of the energy company’s stock worth $677,639,000 after acquiring an additional 313,956 shares in the last quarter. State Street Corp increased its holdings in shares of IDACORP by 15.2% in the first quarter. State Street Corp now owns 1,674,867 shares of the energy company’s stock worth $193,213,000 after acquiring an additional 221,072 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of IDACORP by 3.6% in the first quarter. Goldman Sachs Group Inc. now owns 946,307 shares of the energy company’s stock worth $109,166,000 after acquiring an additional 32,913 shares in the last quarter. GW&K Investment Management LLC increased its holdings in shares of IDACORP by 1.5% in the first quarter. GW&K Investment Management LLC now owns 857,023 shares of the energy company’s stock worth $98,866,000 after acquiring an additional 12,783 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of IDACORP by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 857,006 shares of the energy company’s stock worth $97,107,000 after acquiring an additional 37,551 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors.

IDACORP Stock Down 1.2 %

Shares of IDACORP stock opened at $108.26 on Thursday. IDACORP, Inc. has a 1 year low of $95.26 and a 1 year high of $118.92. The business has a 50-day moving average of $110.15 and a two-hundred day moving average of $109.14. The company has a market capitalization of $5.47 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 7.86 and a beta of 0.56. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.54 and a quick ratio of 1.33.

IDACORP (NYSE:IDAGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The energy company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.04). IDACORP had a return on equity of 8.98% and a net margin of 16.25%. During the same period in the prior year, the company earned $1.38 EPS. As a group, equities analysts predict that IDACORP, Inc. will post 5 EPS for the current year.

IDACORP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 3rd were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, August 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.77%. IDACORP’s payout ratio is presently 63.03%.

IDACORP Company Profile

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IDACORP, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada.

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Institutional Ownership by Quarter for IDACORP (NYSE:IDA)

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