Quadrature Capital Ltd Increases IDACORP Holdings by $335,000 in 2023.
March 20, 2023
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IDACORP ($NYSE:IDA), Inc. is an energy holding company based in Boise, Idaho. They are a holding company for multiple regulated electric and natural gas utilities, including Idaho Power Company and Rocky Mountain Power, among others. The increased holdings in IDACORP, Inc. by Quadrature Capital Ltd is expected to provide a great return on investment for the company. IDACORP, Inc. is consistently increasing their profits and providing a steady dividend to shareholders.
This addition to Quadrature Capital’s portfolio is a sign of confidence in the future of IDACORP and their solid business model. They have a strong track record of successful investments and recognize the potential of IDACORP, Inc..
Price History
The news was met with mostly positive sentiment among investors, and indeed it was reflected in the stock prices of the utility holding company. IDACORP opened at $101.6, and closed at $103.4, up 1.7% from its last closing price of $101.7. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Idacorp. More…
| Total Revenues | Net Income | Net Margin |
| 1.64k | 258.98 | 13.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Idacorp. More…
| Operations | Investing | Financing |
| 351.29 | -424.27 | 35.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Idacorp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.54k | 4.73k | 55.52 |
Key Ratios Snapshot
Some of the financial key ratios for Idacorp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.9% | 3.4% | 23.5% |
| FCF Margin | ROE | ROA |
| -4.9% | 8.7% | 3.2% |
Analysis
GoodWhale performed an analysis of IDACORP‘s wellbeing and found that the company had a high health score of 8/10 in terms of cashflows and debt, indicating that it is capable to sustain future operations in times of crisis. When looking at the Star Chart, it was found that IDACORP was strong in dividends, medium in assets, profitability and weak in growth. Additionally, IDACORP was classified as a ‘rhino’, meaning that the company has achieved moderate revenue or earnings growth. What type of investors may be interested in such a company? Those investors looking for good returns, with a low to medium level of risk, might be interested in investing in IDACORP. Investors seeking a stable return and capital preservation would also find such investments attractive. Lastly, value investors may be interested in such company as the company’s growth may be underestimated and could yield large returns if it is properly managed. More…
Peers
Since its establishment in 1898, Idacorp Inc has been engaged in electric utility businesses in the United States. The company is currently one of the leading electric utility providers in the country, with a customer base of over 500,000. Idacorp Inc has a strong presence in the western United States, particularly in Idaho, Oregon, and Washington. The company’s main competitors are American Electric Power Co Inc, PNM Resources Inc, and Energa SA. These companies are all engaged in the business of electric utility provision and have a significant presence in the United States. While Idacorp Inc is the largest electric utility provider in Idaho, American Electric Power Co Inc is the largest provider in Ohio. PNM Resources Inc is the largest electric utility provider in New Mexico. Energa SA is a Polish electric utility company with a significant presence in the United States.
– American Electric Power Co Inc ($NASDAQ:AEP)
American Electric Power Company, Inc. (AEP) is a holding company that provides electric service through its subsidiaries in 11 states in the United States. AEP’s subsidiaries generate, transmit, and distribute electricity to residential, commercial, and industrial customers. The company also owns and operates coal, oil, natural gas, and renewable energy plants. In addition, AEP’s subsidiaries engage in transmission and distribution operations, including transmission infrastructure development.
– PNM Resources Inc ($NYSE:PNM)
PNM Resources Inc is a holding company that invests in energy businesses. Its portfolio includes electric utility, natural gas, and oil businesses. The company operates through two segments: Electric Utility and Non-Utility. The Electric Utility segment engages in the generation, transmission, and distribution of electricity in New Mexico and Texas. The Non-Utility segment includes the company’s investments in energy businesses, including natural gas pipelines and gathering systems, and oil and gas exploration and production.
– Energa SA ($LTS:0QX7)
Energa SA is a Polish electricity company with a market capitalization of 2.57 billion as of 2022. The company has a return on equity of 11.25%. Energa SA is involved in the generation, transmission, and distribution of electricity. The company also supplies gas and heat.
Summary
Analysts suggest that IDACORP is a good long-term investment, given its strong balance sheet, strong cash flow, and significant potential for growth. Its power generating and utilities business is expected to remain well-diversified and stable in the future, with a well-developed infrastructure and a favorable regulatory environment. Analysts are bullish on the stock and suggest that investors should consider it as a potential long-term investment option.
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