Boyer & Corporon Wealth Management LLC purchased a new stake in shares of Avista Corporation (NYSE:AVA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 52,727 shares of the utilities provider’s stock, valued at approximately $2,239,000. Boyer & Corporon Wealth Management LLC owned about 0.08% of Avista Corporation as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Tyers Asset Management LLC lifted its holdings in Avista Corporation by 11.5% during the 1st quarter. Tyers Asset Management LLC now owns 2,640 shares of the utilities provider’s stock valued at $103,000 after purchasing an additional 272 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Avista Corporation by 73.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,901 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 1,230 shares during the last quarter. Elkfork Partners LLC lifted its holdings in Avista Corporation by 11.5% during the 1st quarter. Elkfork Partners LLC now owns 3,630 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 374 shares during the last quarter. Meadow Creek Investment Management LLC lifted its holdings in Avista Corporation by 11.5% during the 1st quarter. Meadow Creek Investment Management LLC now owns 4,620 shares of the utilities provider’s stock valued at $181,000 after purchasing an additional 476 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in Avista Corporation during the 1st quarter valued at about $210,000. 69.68% of the stock is owned by hedge funds and other institutional investors.

Shares of Avista Corporation (NYSE:AVA) traded up 0.27% during trading on Monday, hitting $51.54. 653,513 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $51.00 and its 200-day moving average price is $43.54. Avista Corporation has a 1-year low of $37.78 and a 1-year high of $52.83. The stock has a market cap of $3.32 billion, a PE ratio of 24.37 and a beta of 0.45.

Avista Corporation (NYSE:AVA) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $314.50 million during the quarter, compared to the consensus estimate of $326.33 million. Avista Corporation had a return on equity of 8.19% and a net margin of 9.35%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. On average, equities analysts expect that Avista Corporation will post $1.95 earnings per share for the current fiscal year.

The business 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 $0.3575 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.77%. Avista Corporation’s dividend payout ratio (DPR) is currently 67.77%.

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AVA has been the subject of several analyst reports. Zacks Investment Research raised shares of Avista Corporation from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Friday, July 21st. Williams Capital downgraded shares of Avista Corporation from a “hold” rating to a “sell” rating and lifted their price target for the company from $38.00 to $42.00 in a report on Thursday, July 20th. BidaskClub raised shares of Avista Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets reissued a “hold” rating and set a $53.00 price target on shares of Avista Corporation in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.75.

Avista Corporation Profile

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.

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

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