Lvm Capital Management Ltdmi buys $7,783,436 stake in IDACORP Inc (IDA)

IDACORP Inc (IDA) : Lvm Capital Management Ltdmi scooped up 687 additional shares in IDACORP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 3, 2016. The investment management firm now holds a total of 105,210 shares of IDACORP Inc which is valued at $7,783,436.IDACORP Inc makes up approximately 2.46% of Lvm Capital Management Ltdmi’s portfolio.

IDACORP Inc closed down -2.43 points or -3.16% at $74.51 with 1,79,792 shares getting traded on Tuesday. Post opening the session at $76.8, the shares hit an intraday low of $74.16 and an intraday high of $76.8 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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