IDACORP Inc (IDA) : Lvm Capital Management Ltdmi reduced its stake in IDACORP Inc by 1.46% during the most recent quarter end. The investment management company now holds a total of 104,523 shares of IDACORP Inc which is valued at $8,498,765 after selling 1,551 shares in IDACORP Inc , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.IDACORP Inc makes up approximately 2.44% of Lvm Capital Management Ltdmi’s portfolio.
Other Hedge Funds, Including , Alpha Windward boosted its stake in IDA in the latest quarter, The investment management firm added 103 additional shares and now holds a total of 6,243 shares of IDACORP Inc which is valued at $507,618. IDACORP Inc makes up approx 0.36% of Alpha Windward’s portfolio.Next Financial Group Inc boosted its stake in IDA in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 612 shares of IDACORP Inc which is valued at $49,762. IDACORP Inc makes up approx 0.02% of Next Financial Group Inc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in IDA in the latest quarter, The investment management firm added 36,031 additional shares and now holds a total of 43,462 shares of IDACORP Inc which is valued at $3,533,895. IDACORP Inc makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.
IDACORP Inc opened for trading at $81.3 and hit $81.57 on the upside on Wednesday, eventually ending the session at $81.37, with a gain of 0.59% or 0.48 points. The heightened volatility saw the trading volume jump to 2,51,624 shares. Company has a market cap of $4,102 M.
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.