Tributary Capital Management buys $10,449,585 stake in IDACORP Inc (IDA)

IDACORP Inc (IDA) : Tributary Capital Management scooped up 14,065 additional shares in IDACORP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 133,031 shares of IDACORP Inc which is valued at $10,449,585.IDACORP Inc makes up approximately 1.45% of Tributary Capital Management’s portfolio.

Other Hedge Funds, Including , Acrospire Investment Management sold out all of its stake in IDA during the most recent quarter. The investment firm sold 600 shares of IDA which is valued $47,142.Dekabank Deutsche Girozentrale reduced its stake in IDA by selling 600 shares or 4.62% in the most recent quarter. The Hedge Fund company now holds 12,400 shares of IDA which is valued at $975,012. IDACORP Inc makes up approx 0.01% of Dekabank Deutsche Girozentrale’s portfolio.Ferguson Wellman Capital Management Inc reduced its stake in IDA by selling 60 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 2,890 shares of IDA which is valued at $231,951. IDACORP Inc makes up approx 0.01% of Ferguson Wellman Capital Management Inc’s portfolio.

IDACORP Inc opened for trading at $75.91 and hit $77.02 on the upside on Wednesday, eventually ending the session at $76.81, with a gain of 0.89% or 0.68 points. The heightened volatility saw the trading volume jump to 3,27,176 shares. Company has a market cap of $3,871 M.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

IDACORP Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on IDACORP Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.