IDACORP Inc (IDA) Holdings Lifted by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. grew its stake in shares of IDACORP Inc (NYSE:IDA) by 98.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,598 shares of the coal producer’s stock after purchasing an additional 28,081 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in IDACORP were worth $5,634,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of IDA. Lavaca Capital LLC acquired a new position in shares of IDACORP during the 4th quarter worth approximately $27,000. Liberty Wealth Management LLC acquired a new position in shares of IDACORP during the 4th quarter worth approximately $34,000. Private Capital Group LLC increased its holdings in shares of IDACORP by 107.0% during the 4th quarter. Private Capital Group LLC now owns 387 shares of the coal producer’s stock worth $36,000 after acquiring an additional 200 shares during the last quarter. Enterprise Financial Services Corp increased its holdings in shares of IDACORP by 176.9% during the 1st quarter. Enterprise Financial Services Corp now owns 407 shares of the coal producer’s stock worth $41,000 after acquiring an additional 260 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of IDACORP during the 1st quarter worth approximately $50,000. 76.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE IDA opened at $103.13 on Thursday. The company has a current ratio of 2.11, a quick ratio of 1.72 and a debt-to-equity ratio of 0.77. IDACORP Inc has a one year low of $85.23 and a one year high of $103.77. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 6.08 and a beta of 0.38.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 6th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Friday, May 3rd. IDACORP’s dividend payout ratio is 56.12%.
In other IDACORP news, VP Tessia Park sold 1,150 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $101.50, for a total value of $116,725.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Steven R. Keen sold 4,346 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $99.32, for a total value of $431,644.72. Following the completion of the transaction, the chief financial officer now directly owns 11,416 shares in the company, valued at $1,133,837.12. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.
Separately, ValuEngine lowered IDACORP from a “buy” rating to a “hold” rating in a report on Friday, April 26th.
IDACORP, Inc, through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon; 3 natural gas-fired plants in southern Idaho; and interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon.
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