IDACORP (IDA) Getting Somewhat Positive Media Coverage, Study Finds

Media headlines about IDACORP (NYSE:IDA) have trended somewhat positive recently, AlphaOne Sentiment Analysis reports. AlphaOne, a service of Accern, identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. IDACORP earned a media sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also assigned media stories about the coal producer an impact score of 25 out of 100, meaning that recent news coverage is very unlikely to have an effect on the company’s share price in the near future.

Insider Buying and Selling by Quarter for IDACORP (NYSE:IDA)

IDACORP (NYSE IDA) traded down 0.49% during mid-day trading on Friday, hitting $89.53. 626,363 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $86.00 and its 200-day moving average price is $82.27. IDACORP has a 12 month low of $72.93 and a 12 month high of $90.67. The stock has a market cap of $4.51 billion, a PE ratio of 21.90 and a beta of 0.53.

IDACORP (NYSE:IDA) last announced its earnings results on Thursday, May 4th. The coal producer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. The firm had revenue of $302.54 million for the quarter. IDACORP had a net margin of 16.02% and a return on equity of 9.60%. During the same period in the previous year, the firm posted $0.51 EPS. Equities analysts expect that IDACORP will post $3.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 30th. Stockholders of record on Friday, May 5th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Wednesday, May 3rd. IDACORP’s payout ratio is 53.79%.

Separately, Zacks Investment Research downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th.

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In other news, VP Lisa A. Grow sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $88.62, for a total transaction of $106,344.00. Following the completion of the transaction, the vice president now directly owns 17,248 shares of the company’s stock, valued at $1,528,517.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven R. Keen sold 2,966 shares of the business’s stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $83.04, for a total transaction of $246,296.64. Following the transaction, the chief financial officer now directly owns 21,686 shares of the company’s stock, valued at $1,800,805.44. The disclosure for this sale can be found here. Company insiders own 0.71% of the company’s stock.

IDACORP Company Profile

IDACORP, Inc is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power). The Company’s segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity.

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