Farther Finance Advisors LLC Lowers Stake in Avista Corporation (NYSE:AVA)

Farther Finance Advisors LLC lessened its holdings in Avista Corporation (NYSE:AVA - Free Report) by 90.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 948 shares of the utilities provider's stock after selling 9,197 shares during the quarter. Farther Finance Advisors LLC's holdings in Avista were worth $40,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC increased its position in Avista by 2,474.1% during the 4th quarter. Headlands Technologies LLC now owns 695 shares of the utilities provider's stock valued at $25,000 after buying an additional 668 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Avista by 117.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 858 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 464 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Avista by 296.7% during the fourth quarter. Allworth Financial LP now owns 956 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 715 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Avista by 45.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,462 shares of the utilities provider's stock valued at $54,000 after acquiring an additional 456 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Avista by 168.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the utilities provider's stock valued at $89,000 after acquiring an additional 1,520 shares in the last quarter. Hedge funds and other institutional investors own 85.24% of the company's stock.

Insider Activity at Avista

In other Avista news, VP Scott J. Kinney sold 1,024 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $37.82, for a total value of $38,727.68. Following the transaction, the vice president now directly owns 11,515 shares of the company's stock, valued at approximately $435,497.30. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.94% of the stock is currently owned by insiders.

Avista Price Performance

Shares of NYSE:AVA opened at $38.05 on Wednesday. Avista Corporation has a 1-year low of $33.45 and a 1-year high of $43.09. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.93 and a quick ratio of 0.64. The business has a fifty day moving average price of $39.24 and a 200-day moving average price of $38.46. The company has a market capitalization of $3.07 billion, a PE ratio of 16.26, a PEG ratio of 2.41 and a beta of 0.41.

Avista (NYSE:AVA - Get Free Report) last released its quarterly earnings data 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 net margin of 9.63% and a return on equity of 7.28%. The business had revenue of $603.00 million for the quarter, compared to analysts' expectations of $636.30 million. During the same period last year, the business earned $0.91 earnings per share. The company's quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities analysts expect that Avista Corporation will post 2.3 EPS for the current fiscal year.

Avista Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, May 13th were given a dividend of $0.49 per share. The ex-dividend date was Tuesday, May 13th. This represents a $1.96 annualized dividend and a dividend yield of 5.15%. Avista's dividend payout ratio (DPR) is presently 83.76%.

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.

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