ProShare Advisors LLC Acquires 73,859 Shares of Avista Corporation $AVA

Key Points

• ProShare Advisors increased its Avista stake by 43.3% in the third quarter, adding 73,859 shares to hold 244,503 shares valued at about $8.58 million. Institutional investors own 85.24% of the company’s stock.
• Avista’s third-quarter EPS of $0.38 and revenue of $421 million both missed analyst estimates, though net income rose year over year and the company reaffirmed its 2026 utility earnings guidance.
• Analyst sentiment is generally neutral: the consensus rating is Hold with an average price target of $38.75. Barclays cut its target to $35, and Weiss Ratings downgraded the stock to Hold.

ProShare Advisors LLC grew its holdings in shares of Avista Corporation (NYSE:AVA - Free Report) by 43.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 244,503 shares of the utilities provider's stock after purchasing an additional 73,859 shares during the period. ProShare Advisors LLC owned 0.29% of Avista worth $8,580,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AVA. BlackRock Inc. bought a new stake in shares of Avista during the 2nd quarter valued at about $605,448,000. Dimensional Fund Advisors LP lifted its holdings in Avista by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,516,163 shares of the utilities provider's stock worth $60,860,000 after acquiring an additional 4,958 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Avista in the second quarter worth about $37,919,000. Algert Global LLC boosted its stake in Avista by 15.8% in the second quarter. Algert Global LLC now owns 739,725 shares of the utilities provider's stock valued at $30,262,000 after acquiring an additional 100,918 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Avista by 8.4% in the first quarter. Gamco Investors INC. ET AL now owns 549,732 shares of the utilities provider's stock valued at $22,066,000 after acquiring an additional 42,428 shares during the period. 85.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Avista

In other news, VP Joshua Diluciano sold 4,675 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $37.24, for a total value of $174,097.00. Following the completion of the sale, the vice president directly owned 8,334 shares of the company's stock, valued at approximately $310,358.16. This represents a 35.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.78% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on AVA. Barclays lowered their target price on Avista from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, October 9th. Weiss Ratings downgraded Avista from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, October 9th. Seven analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $38.75.

Key Headlines Impacting Avista

Here are the key news stories impacting Avista this week:

• Positive Sentiment: Avista said third-quarter net income increased year over year and reaffirmed its 2026 utility earnings guidance, signaling it remains on track with its outlook. Avista Q3 2026 financial results
• Negative Sentiment: Quarterly EPS was $0.38, below the $0.42 consensus estimate, and revenue of $421 million fell short of analysts’ $425.52 million forecast. The earnings misses could weigh on sentiment despite the rise in net income and maintained guidance. Avista quarterly earnings results

Avista Price Performance

Shares of AVA opened at $40.22 on Thursday. Avista Corporation has a one year low of $34.46 and a one year high of $43.50. The stock's fifty day moving average is $36.64 and its 200-day moving average is $39.71. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.69 and a current ratio of 1.10. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 4.02 and a beta of 0.22.

Avista (NYSE:AVA - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The utilities provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). The company had revenue of $421.00 million during the quarter, compared to analyst estimates of $425.52 million. Avista had a return on equity of 7.85% and a net margin of 11.83%. Equities analysts anticipate that Avista Corporation will post 2.59 EPS for the current year.

About Avista

Avista Corporation is an energy company headquartered in Spokane, Washington. Through its Avista Utilities subsidiary, the company provides regulated electric and natural gas services to residential, commercial, and industrial customers.

Avista's electric operations serve communities in eastern Washington and northern Idaho, while its natural gas service territory includes portions of Washington, Idaho, and Oregon. The company's utility activities include generating, purchasing, transmitting, distributing, and supplying energy, as well as maintaining the infrastructure needed to deliver those services.

The company traces its history to the founding of Washington Water Power in 1889.

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