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 $14,063,511 , the company said in a statement filed on Aug 15, 2016 with the SEC.IDACORP Inc makes up approximately 1.48% of Dreman Value Management L L C’s portfolio.

Other Hedge Funds, Including , Jane Street Group sold out all of its stake in IDA during the most recent quarter. The investment firm sold 3,885 shares of IDA which is valued $304,973.Liberty Mutual Group Asset Management boosted its stake in IDA in the latest quarter, The investment management firm added 1,865 additional shares and now holds a total of 21,830 shares of IDACORP Inc which is valued at $1,713,655. IDACORP Inc makes up approx 0.06% of Liberty Mutual Group Asset Management’s portfolio.Nuveen Asset Management reduced its stake in IDA by selling 154 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 23,577 shares of IDA which is valued at $1,850,795. IDACORP Inc makes up approx 0.01% of Nuveen Asset Management’s portfolio.Old Mutual Global Investors (uk) Ltd. boosted its stake in IDA in the latest quarter, The investment management firm added 22,623 additional shares and now holds a total of 24,197 shares of IDACORP Inc which is valued at $1,974,233. IDACORP Inc makes up approx 0.04% of Old Mutual Global Investors (uk) Ltd.’s portfolio.

IDACORP Inc closed down -0.26 points or -0.34% at $75.81 with 1,82,258 shares getting traded on Thursday. Post opening the session at $76.17, the shares hit an intraday low of $75.58 and an intraday high of $76.23 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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. (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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