Farther Finance Advisors LLC Has $40,000 Holdings in Avista Corporation (NYSE:AVA)

Farther Finance Advisors LLC reduced its stake in shares of Avista Corporation (NYSE:AVA - Free Report) by 90.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other hedge funds have also recently bought and sold shares of the stock. Headlands Technologies LLC grew its holdings in shares of 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 purchasing an additional 668 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Avista by 117.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 858 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 464 shares in the last quarter. Allworth Financial LP lifted its position in Avista by 296.7% in the fourth quarter. Allworth Financial LP now owns 956 shares of the utilities provider's stock worth $35,000 after purchasing an additional 715 shares during the period. SRS Capital Advisors Inc. boosted its stake in Avista by 45.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,462 shares of the utilities provider's stock worth $54,000 after buying an additional 456 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Avista by 168.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the utilities provider's stock worth $89,000 after buying an additional 1,520 shares in the last quarter. 85.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Scott J. Kinney sold 1,024 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $37.82, for a total value of $38,727.68. Following the sale, the vice president now owns 11,515 shares of the company's stock, valued at approximately $435,497.30. This represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is owned by corporate insiders.

Avista Price Performance

Shares of AVA stock traded down $0.06 during mid-day trading on Friday, reaching $37.66. The company's stock had a trading volume of 1,113,180 shares, compared to its average volume of 617,197. The firm's 50-day moving average is $39.00 and its two-hundred day moving average is $38.47. The company has a market cap of $3.03 billion, a P/E ratio of 16.09, a PEG ratio of 2.38 and a beta of 0.41. 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 quick ratio of 0.64 and a current ratio of 0.93.

Avista (NYSE:AVA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The utilities provider reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $636.30 million. During the same period in the previous year, the firm earned $0.91 EPS. The business's revenue was up 1.3% compared to the same quarter last year. On average, research analysts predict that Avista Corporation will post 2.3 earnings per share for the current year.

Avista Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, May 13th were issued a $0.49 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.20%. Avista's payout ratio 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.