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Legato Capital Management LLC Purchases 12,465 Shares of Avista Corporation (NYSE:AVA)

Avista logo with Utilities background

Legato Capital Management LLC increased its holdings in Avista Corporation (NYSE:AVA - Free Report) by 70.2% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 30,231 shares of the utilities provider's stock after buying an additional 12,465 shares during the quarter. Legato Capital Management LLC's holdings in Avista were worth $1,266,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Xponance Inc. increased its holdings in Avista by 5.5% in the 1st quarter. Xponance Inc. now owns 5,934 shares of the utilities provider's stock worth $248,000 after buying an additional 307 shares in the last quarter. Barclays PLC increased its holdings in Avista by 0.3% in the 4th quarter. Barclays PLC now owns 137,767 shares of the utilities provider's stock worth $5,046,000 after buying an additional 359 shares in the last quarter. Trust Co. of Vermont boosted its position in Avista by 7.9% in the first quarter. Trust Co. of Vermont now owns 5,494 shares of the utilities provider's stock worth $230,000 after purchasing an additional 400 shares during the last quarter. Cetera Investment Advisers boosted its position in Avista by 1.5% in the fourth quarter. Cetera Investment Advisers now owns 28,722 shares of the utilities provider's stock worth $1,052,000 after purchasing an additional 415 shares during the last quarter. Finally, Naples Global Advisors LLC boosted its position in Avista by 1.9% in the first quarter. Naples Global Advisors LLC now owns 24,148 shares of the utilities provider's stock worth $1,011,000 after purchasing an additional 450 shares during the last quarter. 85.24% of the stock is currently owned by institutional investors.

Avista Stock Performance

NYSE:AVA traded up $0.19 on Friday, hitting $37.15. The stock had a trading volume of 502,754 shares, compared to its average volume of 735,123. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 2.47 and a beta of 0.40. The company has a quick ratio of 0.64, a current ratio of 0.93 and a debt-to-equity ratio of 1.01. The business's 50-day simple moving average is $37.93 and its two-hundred day simple moving average is $38.65. Avista Corporation has a 52-week low of $34.80 and a 52-week high of $43.09.

Avista (NYSE:AVA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.07). The firm had revenue of $603.00 million during the quarter, compared to analysts' expectations of $636.30 million. Avista had a return on equity of 7.28% and a net margin of 9.63%. The company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. As a group, research analysts predict that Avista Corporation will post 2.3 earnings per share for the current 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 given 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 5.28%. Avista's payout ratio is currently 83.76%.

Insider Buying and Selling at Avista

In related news, VP Scott J. Kinney sold 1,024 shares of the business'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 transaction, the vice president directly owned 11,515 shares of the company's stock, valued at approximately $435,497.30. The trade was a 8.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.96% of the stock is currently owned by insiders.

Avista Profile

(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.

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Institutional Ownership by Quarter for Avista (NYSE:AVA)

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