GW Henssler & Associates Ltd. raised its position in Avista Corp. (NYSE:AVA) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,222 shares of the company’s stock after buying an additional 1,854 shares during the period. GW Henssler & Associates Ltd.’s holdings in Avista Corp. were worth $4,176,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of AVA. BlackRock Institutional Trust Company N.A. raised its stake in Avista Corp. by 6.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,692,007 shares of the company’s stock worth $69,000,000 after buying an additional 95,891 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in Avista Corp. by 0.4% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 562,553 shares of the company’s stock worth $25,202,000 after buying an additional 2,204 shares in the last quarter. Geode Capital Management LLC raised its stake in Avista Corp. by 12.4% in the first quarter. Geode Capital Management LLC now owns 433,985 shares of the company’s stock worth $17,697,000 after buying an additional 47,884 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Avista Corp. by 57.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 424,797 shares of the company’s stock worth $19,032,000 after buying an additional 155,767 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Avista Corp. by 70.2% in the first quarter. Prudential Financial Inc. now owns 246,330 shares of the company’s stock worth $10,045,000 after buying an additional 101,600 shares in the last quarter. 68.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Avista Corp. (NYSE:AVA) traded down 0.28% on Friday, reaching $39.70. 182,453 shares of the company traded hands. The stock has a market capitalization of $2.53 billion, a P/E ratio of 18.28 and a beta of 0.40. The stock’s 50 day moving average price is $41.20 and its 200-day moving average price is $41.59. Avista Corp. has a one year low of $32.61 and a one year high of $45.22.
Avista Corp. (NYSE:AVA) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.45 by $0.02. The business had revenue of $234.79 million for the quarter, compared to analysts’ expectations of $316.24 million. Avista Corp. had a return on equity of 8.32% and a net margin of 9.38%. The company’s revenue was down 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. Equities analysts forecast that Avista Corp. will post $2.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a dividend of $0.3425 per share. This represents a $1.37 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Tuesday, August 30th. Avista Corp.’s dividend payout ratio (DPR) is presently 64.02%.
A number of research firms have recently commented on AVA. Zacks Investment Research lowered shares of Avista Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 23rd. Williams Capital upped their price objective on shares of Avista Corp. from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 22nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $42.00 price objective on shares of Avista Corp. in a research note on Wednesday, June 22nd.
In related news, insider Marian M. Durkin sold 3,500 shares of Avista Corp. stock in a transaction on Friday, August 12th. The shares were sold at an average price of $42.56, for a total value of $148,960.00. Following the transaction, the insider now directly owns 67,245 shares of the company’s stock, valued at $2,861,947.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jason R. Thackston sold 950 shares of Avista Corp. stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $40.90, for a total transaction of $38,855.00. Following the completion of the transaction, the senior vice president now directly owns 17,232 shares in the company, valued at $704,788.80. The disclosure for this sale can be found here. Company insiders own 1.07% of the company’s stock.
Avista Corp. Company Profile
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.