Dreman Value Management L L C adds IDACORP Inc (IDA) to its portfolio

IDACORP Inc (IDA) : Dreman Value Management L L C added new position in IDACORP Inc during the most recent quarter end. The investment management firm now holds 179,153 shares of IDACORP Inc which is valued at $13.2 Million , the company said in a statement filed on May 13, 2016 with the SEC.IDACORP Inc makes up approximately 1.51% of Dreman Value Management L L C’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in IDA in the latest quarter, The investment management firm added 352 additional shares and now holds a total of 1,413 shares of IDACORP Inc which is valued at $104,435.Thrivent Financial For Lutherans reduced its stake in IDA by selling 7,900 shares or 54.9% in the most recent quarter. The Hedge Fund company now holds 6,490 shares of IDA which is valued at $479,676. Wbi Investments sold out all of its stake in IDA during the most recent quarter. The investment firm sold 88,453 shares of IDA which is valued $6.5 Million.Blackrock Group Ltd boosted its stake in IDA in the latest quarter, The investment management firm added 11,452 additional shares and now holds a total of 81,743 shares of IDACORP Inc which is valued at $6 Million.Smith Asset Management Group Lp reduced its stake in IDA by selling 20 shares or 6.37% in the most recent quarter. The Hedge Fund company now holds 294 shares of IDA which is valued at $21,453.

IDACORP Inc closed down -0.43 points or -0.60% at $71.32 with 1,95,830 shares getting traded on Wednesday. Post opening the session at $71.61, the shares hit an intraday low of $70.94 and an intraday high of $71.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, IDACORP Inc reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.53.During the same quarter in the previous year, the company posted $0.47 EPS.

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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