IDACORP Inc (IDA) : Lvm Capital Management Ltdmi reduced its stake in IDACORP Inc by 3.25% during the most recent quarter end. The investment management company now holds a total of 106,074 shares of IDACORP Inc which is valued at $7.7 Million after selling 3,560 shares in IDACORP Inc according to a report filed by the company on Apr 4, 2016 with the SEC.IDACORP Inc makes up approximately 2.46% of Lvm Capital Management Ltdmi’s portfolio.
On the company’s financial health, IDACORP Inc reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.62.During the same quarter in the previous year, the company posted $0.69 EPS.
IDACORP Inc closed down -0.08 points or -0.11% at $73.01 with 2,32,498 shares getting traded on Monday. Post opening the session at $73.24, the shares hit an intraday low of $72.9 and an intraday high of $73.68 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.