IDACORP Inc (IDA) was Initiated by Williams Capital Group to “Hold” and the brokerage firm has set the Price Target at $75. Williams Capital Group advised their investors in a research report released on Oct 18, 2016.
On the company’s financial health, IDACORP Inc reported $1.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.99.During the same quarter in the previous year, the company posted $1.31 EPS.
IDACORP Inc closed down -0.04 points or -0.05% at $74.86 with 1,83,685 shares getting traded on Friday. Post opening the session at $74.46, the shares hit an intraday low of $74.4 and an intraday high of $75.26 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Aug 15, 2016, J Lamont Keen (director) sold 4,000 shares at $78.54 per share price. According to the SEC, on Aug 4, 2016, Jeffrey L Malmen (SVP of Public Affairs) sold 1,500 shares at $80.81 per share price. On Aug 2, 2016, Rex Blackburn (Sr Vice President) sold 3,000 shares at $81.53 per share price, according to the Form-4 filing with the securities and exchange commission.
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.