Envestnet Asset Management Inc. Has $13.87 Million Stock Holdings in Avista Corporation (NYSE:AVA)

Envestnet Asset Management Inc. lifted its holdings in shares of Avista Corporation (NYSE:AVA - Free Report) by 11.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 331,166 shares of the utilities provider's stock after acquiring an additional 34,049 shares during the quarter. Envestnet Asset Management Inc. owned 0.41% of Avista worth $13,866,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AVA. Headlands Technologies LLC lifted its holdings in Avista by 2,474.1% during the 4th quarter. Headlands Technologies LLC now owns 695 shares of the utilities provider's stock worth $25,000 after buying an additional 668 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Avista by 252.3% during the first quarter. GAMMA Investing LLC now owns 916 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 656 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of Avista by 7.9% during the first quarter. Trust Co. of Vermont now owns 5,494 shares of the utilities provider's stock valued at $230,000 after purchasing an additional 400 shares in the last quarter. Xponance Inc. bought a new stake in Avista in the fourth quarter worth about $206,000. Finally, Advisory Services Network LLC bought a new stake in Avista in the fourth quarter worth about $215,000. Institutional investors and hedge funds own 85.24% of the company's stock.

Avista Stock Down 0.8%

Shares of Avista stock traded down $0.29 during trading on Friday, hitting $37.25. 837,275 shares of the stock traded hands, compared to its average volume of 626,334. The company has a fifty day moving average price of $37.99 and a two-hundred day moving average price of $38.63. Avista Corporation has a twelve month low of $34.80 and a twelve month high of $43.09. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.64 and a current ratio of 0.93. The stock has a market cap of $3.00 billion, a P/E ratio of 15.92, a PEG ratio of 2.34 and a beta of 0.40.

Avista (NYSE:AVA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The utilities provider reported $0.98 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.07). Avista had a return on equity of 7.28% and a net margin of 9.63%. The business had revenue of $603.00 million for the quarter, compared to the consensus estimate of $636.30 million. During the same quarter in the previous year, the company posted $0.91 EPS. Avista's revenue for the quarter was up 1.3% on a year-over-year basis. Equities research analysts predict that Avista Corporation will post 2.3 EPS for the current fiscal year.

Avista Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, May 13th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.26%. Avista's payout ratio is presently 83.76%.

Insider Activity

In other Avista news, VP Scott J. Kinney sold 1,024 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $37.82, for a total value of $38,727.68. Following the completion of the transaction, the vice president directly owned 11,515 shares in the company, valued at $435,497.30. This trade represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.96% of the company's stock.

Avista Company Profile

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.