Ziegler Capital Management LLC Boosts Holdings in IDACORP, to $5.48 Million

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IDACORP ($NYSE:IDA), Inc., a publicly traded energy holding company serving the Northwestern United States, recently saw a boost in its stock holdings from Ziegler Capital Management LLC, increasing to a total of $5.48 million. IDACORP is responsible for providing electricity, natural gas and other energy products to customers in Idaho, Oregon, Washington and Wyoming, as well as for providing water and wastewater services in southwestern Idaho. The company is also a leader in renewable energy, with renewable energy efforts focused on producing energy from landfill gas, wind and solar sources.

The boost in stock holdings from Ziegler Capital Management LLC is just the latest in a string of positive news for IDACORP. With a wide range of energy services, growing renewable energy efforts and strong stock performance, IDACORP is one of the most promising stocks on the market today.

Share Price

Ziegler Capital Management LLC recently announced that it had increased its holdings in IDACORP, Inc. to $5.48 million. On Tuesday, IDACORP stock opened at $97.5 and closed at $98.0, a 0.5% increase from the previous day’s closing price of 97.5. The rise in IDACORP’s stock price was likely due to Ziegler Capital Management LLC’s decision to boost its position in the company. The news of the investment is likely to be well-received by investors as it signals confidence in the company’s potential. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Idacorp. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Idacorp. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Idacorp. More…

Key Ratios Snapshot

Some of the financial key ratios for Idacorp are shown below. More…

Analysis

GoodWhale has conducted an analysis of IDACORP‘s wellbeing using our Star Chart methodology. Based on our classification of IDACORP as a ‘rhino’, we conclude that the company has achieved moderate revenue or earnings growth. Investors interested in such a company could include those that are looking for steady and reliable returns. Unfortunately, our analysis has revealed that IDACORP has a low health score of 3/10 with regard to its cashflows and debt, making it less likely to sustain future operations in times of crisis. On the positive side, IDACORP is strong in asset, dividend, and medium in growth, profitability. This suggests that investors who are willing to take on the risk of lower cash flows may still find value in investing in this company. 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

Investment analysis in IDACORP, Inc. is showing positive results, with Ziegler Capital Management LLC having recently acquired a substantial stock position. The investment suggests IDACORP as a solid choice for investors looking to take advantage of the rising energy sector. With a steadily increasing share price and the potential for further capital gains, IDACORP is an attractive option for those interested in investing in the energy sector.