Avista Corp. (AVA) Shares Bought by Global X Management Co. LLC
Global X Management Co. LLC increased its stake in shares of Avista Corp. (NYSE:AVA) by 10.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 170,830 shares of the company’s stock after buying an additional 15,660 shares during the period. Global X Management Co. LLC owned approximately 0.27% of Avista Corp. worth $7,139,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in AVA. Advisor Group Inc. bought a new stake in Avista Corp. during the second quarter valued at approximately $107,000. Tower Research Capital LLC TRC boosted its stake in Avista Corp. by 24,520.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,462 shares of the company’s stock valued at $111,000 after buying an additional 2,452 shares during the period. Pinkerton Retirement Specialists LLC bought a new stake in Avista Corp. during the second quarter valued at approximately $117,000. Trust Co. of Vermont bought a new stake in Avista Corp. during the third quarter valued at approximately $117,000. Finally, Washington Trust Bank boosted its stake in Avista Corp. by 1.0% in the third quarter. Washington Trust Bank now owns 4,012 shares of the company’s stock valued at $168,000 after buying an additional 38 shares during the period. 68.96% of the stock is currently owned by institutional investors and hedge funds.
Avista Corp. (NYSE:AVA) traded up 0.60% during midday trading on Tuesday, reaching $42.08. 149,642 shares of the company’s stock traded hands. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 19.55 and a beta of 0.37. Avista Corp. has a 1-year low of $33.00 and a 1-year high of $45.22. The stock’s 50 day moving average price is $40.33 and its 200 day moving average price is $41.62.
Avista Corp. (NYSE:AVA) last issued its earnings results on Tuesday, November 1st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by $0.02. The firm earned $303.35 million during the quarter, compared to analyst estimates of $306.78 million. Avista Corp. had a net margin of 9.39% and a return on equity of 8.13%. Avista Corp.’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Equities research analysts anticipate that Avista Corp. will post $2.08 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 18th will be issued a dividend of $0.3425 per share. This represents a $1.37 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Wednesday, November 16th. Avista Corp.’s dividend payout ratio (DPR) is presently 64.62%.
Several equities analysts recently weighed in on AVA shares. Guggenheim started coverage on shares of Avista Corp. in a report on Thursday, November 3rd. They issued a “neutral” rating on the stock. Williams Capital increased their price objective on shares of Avista Corp. from $38.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 22nd. Finally, Zacks Investment Research upgraded shares of Avista Corp. from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Wednesday, October 19th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Avista Corp. currently has an average rating of “Hold” and an average target price of $42.00.
In related news, SVP Jason R. Thackston sold 950 shares of Avista Corp. stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $40.90, for a total transaction of $38,855.00. Following the sale, the senior vice president now directly owns 17,232 shares of the company’s stock, valued at approximately $704,788.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.07% of the company’s stock.
About Avista Corp.
Avista Corporation is an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas customers in eastern Washington and northern Idaho and natural gas customers in parts of Oregon.
Receive News & Stock Ratings for Avista Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista Corp. and related stocks with our FREE daily email newsletter.