Nisa Investment Advisors LLC reduced its position in shares of Avista Corporation (NYSE:AVA - Free Report) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,529 shares of the utilities provider's stock after selling 10,430 shares during the quarter. Nisa Investment Advisors LLC owned about 0.11% of Avista worth $3,623,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Avista by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 10,260,857 shares of the utilities provider's stock valued at $375,855,000 after purchasing an additional 327,535 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Avista by 1.8% during the 4th quarter. Ameriprise Financial Inc. now owns 2,967,172 shares of the utilities provider's stock valued at $108,687,000 after purchasing an additional 53,222 shares in the last quarter. Invesco Ltd. boosted its stake in Avista by 27.2% during the 4th quarter. Invesco Ltd. now owns 1,283,532 shares of the utilities provider's stock valued at $47,016,000 after purchasing an additional 274,270 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Avista by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,253,280 shares of the utilities provider's stock valued at $45,908,000 after purchasing an additional 24,981 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Avista by 8.4% during the 4th quarter. Northern Trust Corp now owns 1,025,055 shares of the utilities provider's stock valued at $37,548,000 after purchasing an additional 79,576 shares in the last quarter. 85.24% of the stock is owned by institutional investors.
Avista Stock Performance
Shares of NYSE AVA opened at $37.98 on Friday. The stock has a fifty day moving average price of $38.34 and a two-hundred day moving average price of $38.59. 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 firm has a market cap of $3.06 billion, a P/E ratio of 16.23, a PEG ratio of 2.39 and a beta of 0.40. Avista Corporation has a 1 year low of $34.80 and a 1 year high of $43.09.
Avista (NYSE:AVA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.07). The company had revenue of $603.00 million for the quarter, compared to the consensus estimate of $636.30 million. Avista had a return on equity of 7.28% and a net margin of 9.63%. The business's revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. Research analysts forecast that Avista Corporation will post 2.3 EPS for the current fiscal year.
Avista Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend was Tuesday, May 13th. Avista's dividend payout ratio is presently 83.76%.
Insider Buying and Selling at Avista
In other news, VP Scott J. Kinney sold 1,024 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $37.82, for a total transaction of $38,727.68. Following the completion of the sale, the vice president directly owned 11,515 shares of the company's stock, valued at $435,497.30. This trade represents a 8.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.96% of the stock is currently owned by corporate insiders.
About Avista
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding AVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avista Corporation (NYSE:AVA - Free Report).
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