Stratifi Exits Position in IDACORP Inc (IDA)

IDACORP Inc (IDA) : Stratifi has sold out all of its stake in IDACORP Inc during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 424,329 shares of IDACORP Inc which is valued at $31,862,865.

Other Hedge Funds, Including , Nuveen Asset Management boosted its stake in IDA in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 23,607 shares of IDACORP Inc which is valued at $1,772,650. IDACORP Inc makes up approx 0.01% of Nuveen Asset Management’s portfolio.Advisor Group reduced its stake in IDA by selling 775 shares or 10.05% in the most recent quarter. The Hedge Fund company now holds 6,935 shares of IDA which is valued at $527,476. IDACORP Inc makes up approx 0.01% of Advisor Group’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in IDA in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 22,630 shares of IDACORP Inc which is valued at $1,750,204. IDACORP Inc makes up approx 0.09% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Assetmark Inc boosted its stake in IDA in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 1,007 shares of IDACORP Inc which is valued at $75,898.

IDACORP Inc opened for trading at $75.12 and hit $75.7 on the upside on Monday, eventually ending the session at $75.41, with a gain of 0.43% or 0.32 points. The heightened volatility saw the trading volume jump to 2,44,264 shares. Company has a market cap of $3,801 M.

On the company’s financial health, IDACORP Inc reported $1.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.59.During the same quarter in the previous year, the company posted $1.46 EPS.

Many Wall Street Analysts have commented on IDACORP Inc. Williams Capital Group Initiated IDACORP Inc on Oct 18, 2016 to “Hold”, Price Target of the shares are set at $75.

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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