Robeco Institutional Asset Management B.V. held its position in shares of Avista Corporation (NYSE:AVA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,509 shares of the utilities provider’s stock at the end of the second quarter. Robeco Institutional Asset Management B.V. owned 0.61% of Avista Corporation worth $16,708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tyers Asset Management LLC raised its position in shares of Avista Corporation by 11.5% in the first quarter. Tyers Asset Management LLC now owns 2,640 shares of the utilities provider’s stock valued at $103,000 after buying an additional 272 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Avista Corporation by 73.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,901 shares of the utilities provider’s stock valued at $113,000 after buying an additional 1,230 shares in the last quarter. Elkfork Partners LLC raised its position in shares of Avista Corporation by 11.5% in the first quarter. Elkfork Partners LLC now owns 3,630 shares of the utilities provider’s stock valued at $142,000 after buying an additional 374 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Avista Corporation by 11.5% in the first quarter. Meadow Creek Investment Management LLC now owns 4,620 shares of the utilities provider’s stock valued at $181,000 after buying an additional 476 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of Avista Corporation during the second quarter valued at $214,000. 69.68% of the stock is owned by institutional investors.

Avista Corporation (NYSE AVA) opened at 51.67 on Tuesday. Avista Corporation has a 12-month low of $37.78 and a 12-month high of $52.83. The stock has a 50 day moving average of $49.67 and a 200 day moving average of $43.10. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 24.43 and a beta of 0.42.

Avista Corporation (NYSE:AVA) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.03. Avista Corporation had a return on equity of 8.19% and a net margin of 9.35%. The firm had revenue of $314.50 million for the quarter, compared to analyst estimates of $326.33 million. During the same period in the prior year, the business posted $0.43 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities research analysts anticipate that Avista Corporation will post $1.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Tuesday, August 29th. Avista Corporation’s dividend payout ratio is currently 67.77%.

TRADEMARK VIOLATION WARNING: “Robeco Institutional Asset Management B.V. Has $16,708,000 Stake in Avista Corporation (AVA)” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/29/robeco-institutional-asset-management-b-v-has-16708000-stake-in-avista-corporation-ava.html.

Several brokerages have weighed in on AVA. BidaskClub raised shares of Avista Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of Avista Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. BMO Capital Markets reissued a “hold” rating and set a $53.00 price objective on shares of Avista Corporation in a report on Friday, July 21st. Finally, Williams Capital lowered shares of Avista Corporation from a “hold” rating to a “sell” rating and raised their price objective for the stock from $38.00 to $42.00 in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Avista Corporation currently has a consensus rating of “Hold” and an average price target of $47.75.

About Avista Corporation

Avista Corporation is an electric and natural gas utility company. The Company operates through two segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). The Company’s regional services include government and higher education, medical services, retail trade and finance. The Company’s businesses also include sheet metal fabrication, venture fund investments, real estate investments, a company that explores markets that could be served with liquefied natural gas (LNG), as well as certain other investments of Avista Capital, which is a subsidiary of the Company.

Institutional Ownership by Quarter for Avista Corporation (NYSE:AVA)

Receive News & Stock Ratings for Avista Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista Corporation and related stocks with our FREE daily email newsletter.