11,596 Shares in Avista Corporation (NYSE:AVA) Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. bought a new position in shares of Avista Corporation (NYSE:AVA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,596 shares of the utilities provider's stock, valued at approximately $486,000.

Other large investors also recently made changes to their positions in the company. Headlands Technologies LLC increased its stake in shares of Avista by 2,474.1% in the 4th quarter. Headlands Technologies LLC now owns 695 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 668 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Avista by 252.3% in the 1st quarter. GAMMA Investing LLC now owns 916 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 656 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Avista in the 4th quarter valued at $215,000. Cerity Partners LLC bought a new position in shares of Avista in the 1st quarter valued at $222,000. Finally, Vision Capital Management Inc. bought a new position in shares of Avista in the 1st quarter valued at $224,000. Institutional investors own 85.24% of the company's stock.

Avista Price Performance

Shares of AVA traded up $0.19 during midday trading on Friday, hitting $37.49. The company's stock had a trading volume of 533,613 shares, compared to its average volume of 644,697. The company has a quick ratio of 0.64, a current ratio of 0.93 and a debt-to-equity ratio of 1.01. Avista Corporation has a one year low of $34.80 and a one year high of $43.09. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 2.46 and a beta of 0.40. The company's fifty day simple moving average is $37.77 and its two-hundred day simple moving average is $38.69.

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 firm had revenue of $603.00 million for the quarter, compared to analyst estimates of $636.30 million. Avista had a net margin of 9.63% and a return on equity of 7.28%. The company's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. As a group, equities analysts expect that Avista Corporation will post 2.3 earnings per share for the current fiscal year.

Insider Activity

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

About Avista

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.