What types of shareholders own the majority of the shares of IDACORP, Inc. (NYSE: IDA)?
The large shareholder groups of IDACORP, Inc. (NYSE: IDA) have power over the company. Institutions often own shares in larger companies, and we would expect insiders to own a noticeable percentage of smaller ones. Companies that have been privatized tend to have low insider ownership.
With a market capitalization of US $ 5.0 billion, IDACORP is pretty big. We would expect to see institutional investors on the register. Companies of this size are also generally well known to retail investors. Looking at our data on ownership groups (below), it appears that institutions are visible on the share register. Let’s dig deeper into each type of owner, to learn more about IDACORP.
See our latest analysis for IDACORP
What does institutional ownership tell us about IDACORP?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it’s included in a major index. We would expect most businesses to have some institutions listed, especially if they are growing.
IDACORP already has institutions registered in the share register. Indeed, they hold a respectable stake in the company. This implies that analysts working for these institutions have reviewed the action and appreciate it. But like everyone else, they could be wrong. It is not uncommon to see a sharp drop in the stock price if two large institutional investors attempt to sell a stock at the same time. It is therefore worth checking out IDACORP’s past income trajectory (below). Of course, keep in mind that there are other factors to consider as well.
Investors should note that institutions actually own more than half of the business, so they can collectively wield significant power. We note that hedge funds do not have a significant investment in IDACORP. BlackRock, Inc. is currently the largest shareholder, with 12% of the shares outstanding. For context, the second largest shareholder owns around 11% of the outstanding shares, followed by 4.9% ownership by the third largest shareholder.
A closer look at our ownership figures suggests that the top 18 shareholders have a combined 51% ownership, implying that no shareholder has a majority.
While it makes sense to study a company’s institutional ownership data, it also makes sense to study analysts’ sentiments to know which way the wind is blowing. The title is covered by analysts, but it could become even more famous over time.
IDACORP insider ownership
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The management of the company manages the company, but the CEO will report to the board of directors, even if he is a member.
Insider ownership is positive when it indicates that executives think like the real owners of the company. However, strong insider ownership can also confer immense power on a small group within the company. This can be negative in some circumstances.
Our most recent data indicates that insiders own less than 1% of IDACORP, Inc. It’s a large company, so even a small proportional interest can create alignment between the board and shareholders. In this case, insiders own $ 28 million in shares. It’s always good to see at least one insider property, but it may be worth checking out if those insiders have sold.
General public property
The general public holds 21% of IDACORP’s capital. While this group cannot necessarily take the lead, it can certainly have a real influence on how the business is run.
It’s always worth thinking about the different groups that own shares in a company. But to understand IDACORP better, we need to consider many other factors. To do this, you need to know the 1 warning sign we spotted with IDACORP.
Ultimately the future is the most important. You can access this free analyst forecast report for the company.
NB: The figures in this article are calculated from data for the last twelve months, which refer to the 12-month period ending on the last date of the month of date of the financial statement. This may not be consistent with the figures in the annual report for the entire year.
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