Idacorp Inc (IDA) Files Form 4 Insider Selling : J Lamont Keen Sells 4,000 Shares

Idacorp Inc (IDA): J Lamont Keen , director of Idacorp Inc sold 4,000 shares on Apr 14, 2016. The Insider selling transaction was reported by the company on Apr 18, 2016 to the Securities and Exchange Commission. The shares were sold at $73.23 per share for a total value of $292,922.53 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 14, 2016, J Lamont Keen (director) sold 4,000 shares at $73.25 per share price.On Mar 10, 2016, Steven R Keen (SVP, CFO & Treasurer) sold 2,742 shares at $73.32 per share price.Also, On Feb 29, 2016, Tessia Park (VP of Power Supply) sold 275 shares at $73.29 per share price.On Feb 25, 2016, Rex Blackburn (Sr VP & General Counsel) sold 3,500 shares at $72.48 per share price.

IDACORP Inc: On Friday, Apr 15, 2016 heightened volatility was witnessed in IDACORP Inc which led to swings in the share price. The shares opened for trading at $73.37 and hit $74.23 on the upside , eventually ending the session at $74, with a gain of 0.91% or 0.67 points. The heightened volatility saw the trading volume jump to 2,63,627 shares. The 52-week high of the share price is $74.985 and the company has a market cap of $3,722 M . The 52-week low of the share price is at $55.4.

IDACORP Inc Money Flow Index Chart

Currently the company Insiders own 1.23% of IDACORP Inc shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -12.2%.Institutional Investors own 77.28% of IDACORP Inc shares.During last six month period, the net percent change held by insiders has seen a change of -18.3%.

IDACORP Inc. (IDACORP) is a holding company. The Company’s principal 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. IDACORP’s other subsidiaries include IDACORP Financial Services Inc. Ida-West Energy Company and IDACORP Energy Services Co. Idaho Power is also engaged in the sale of electricity to retail and wholesale customers and the provision of transmission service. Idaho Power provides electric utility service to approximately 516000 general business customers in southern Idaho and eastern Oregon. Idaho Power holds franchises in 71 cities in Idaho and nine cities in Oregon and holds certificates to serve all or a portion of 25 counties in Idaho and three counties in Oregon. Idaho Power’s system consists of 17 hydroelectric generating plants three natural gas-fired plants and three coal-fired steam electric generating plants.

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