Segall Bryant & Hamill LLC Has $2.30 Million Stake in Avista Corporation (NYSE:AVA)

Segall Bryant & Hamill LLC cut its stake in shares of Avista Corporation (NYSE:AVA - Free Report) by 56.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,883 shares of the utilities provider's stock after selling 70,478 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.07% of Avista worth $2,298,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Headlands Technologies LLC grew its stake in Avista by 2,474.1% in the fourth quarter. Headlands Technologies LLC now owns 695 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 668 shares during the period. GAMMA Investing LLC boosted its position in shares of Avista by 252.3% during the first quarter. GAMMA Investing LLC now owns 916 shares of the utilities provider's stock worth $38,000 after buying an additional 656 shares during the period. Xponance Inc. acquired a new position in shares of Avista during the fourth quarter worth about $206,000. Advisory Services Network LLC acquired a new position in shares of Avista during the fourth quarter worth about $215,000. Finally, Cerity Partners LLC acquired a new position in shares of Avista during the first quarter worth about $222,000. 85.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Avista

In other Avista news, VP Scott J. Kinney sold 1,024 shares of the company'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 sale, the vice president owned 11,515 shares in the company, valued at $435,497.30. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is owned by corporate insiders.

Avista Stock Down 0.8%

AVA traded down $0.29 on Friday, hitting $37.25. 837,275 shares of the company were exchanged, compared to its average volume of 626,334. Avista Corporation has a 12 month low of $34.80 and a 12 month high of $43.09. The company has a market cap of $3.00 billion, a PE ratio of 15.92, a PEG ratio of 2.34 and a beta of 0.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.64 and a current ratio of 0.93. The stock's fifty day moving average is $37.99 and its 200-day moving average is $38.63.

Avista (NYSE:AVA - Get Free Report) last released 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). Avista had a return on equity of 7.28% and a net margin of 9.63%. The company had revenue of $603.00 million for the quarter, compared to the consensus estimate of $636.30 million. During the same quarter in the previous year, the company posted $0.91 EPS. The business's revenue was up 1.3% on a year-over-year basis. Equities research analysts predict that Avista Corporation will post 2.3 EPS for the current fiscal year.

Avista Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, May 13th were paid a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.96 annualized dividend and a yield of 5.26%. Avista's dividend payout ratio is 83.76%.

Avista 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.